Finding 1081791 (2024-002)

Significant Deficiency Repeat Finding
Requirement
E
Questioned Costs
$1
Year
2024
Accepted
2024-11-12
Audit: 327987
Organization: Mount Marty University (SD)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: A student was over-awarded Federal Pell Grant assistance due to manual processing errors.
  • Impacted Requirements: This finding violates 34 CFR 690 regarding student eligibility for Pell Grants.
  • Recommended Follow-Up: Management should review and improve procedures for monitoring Pell eligibility to prevent future occurrences.

Finding Text

Student Financial Assistance Program Cluster – Department of Education Federal Financial Assistance Listing #84.063 Federal Pell Grant Program (PELL) P063P222209, P063P232209 Eligibility Significant Deficiency in Internal Control over Compliance Criteria: 34 CFR 690 contains requirements that apply to student eligibility over the Federal Pell Grant Program. Condition: One instance was identified in which the student was over‐awarded Federal Pell assistance. Cause: The Watertown location does not use the auto package tool within Anthology for awarding students; rather, awarding student assistance is a manual process. The incorrect line item was read on the PELL chart resulting in the student being over‐awarded Pell assistance. Effect: One student was over‐awarded Pell assistance. Questioned Costs: $99 in PELL assistance was over‐awarded to the student. Context/Sampling: A non‐statistical sample of 60 of the University’s 673 students receiving student financial assistance was selected for testing. The sample resulted in testing $1,420,156 out of $14,469,668 in federal financial assistance. Repeat Finding from Prior Years: Yes – 2023‐003. Recommendation: We recommend that management review procedures and control processes over monitoring of Pell eligibility. Views of Responsible Officials: Management agrees with the finding.

Categories

Questioned Costs Student Financial Aid Subrecipient Monitoring Eligibility Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 505349 2024-002
    Significant Deficiency Repeat
  • 505350 2024-003
    Significant Deficiency
  • 505351 2024-003
    Significant Deficiency
  • 505352 2024-003
    Significant Deficiency
  • 1081792 2024-003
    Significant Deficiency
  • 1081793 2024-003
    Significant Deficiency
  • 1081794 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $11.73M
84.063 Federal Pell Grant Program $1.29M
93.364 Nursing Student Loans $884,531
84.038 Federal Perkins Loans $299,866
84.033 Federal Work-Study Program $150,646
84.007 Federal Supplemental Educational Opportunity Grants $128,706
93.859 Biomedical Research and Research Training $125,893
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $28,290
97.008 Non-Profit Security Program $15,493