Finding 1089419 (2024-004)

-
Requirement
N
Questioned Costs
$1
Year
2024
Accepted
2024-12-04
Audit: 330798
Organization: Certell, INC (IN)
Auditor: Sikich CPA LLC

AI Summary

  • Core Issue: One refund of $2,071 was not paid within the required 45 days after a student withdrew.
  • Impacted Requirements: This finding violates the compliance requirement for the Return of Title IV Funds.
  • Recommended Follow-Up: The Institution should refund the $2,071 and improve controls for processing refunds.

Finding Text

FINDING 2024-004: UNPAID REFUND FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM ALN: 84.063 FEDERAL AWARD YEAR: 2023-2024 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: Refunds, if necessary, must be calculated and made within 45 calendar days of the date the student withdraws (34 CFR 668.22, 685.306). Condition: We tested eighteen drop students and noted one unpaid refund. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by issues transferring to a new student information system. Effect: The result is the Institution is retaining monies which need to be returned to the Department of Education. Question Costs: $2,071 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund the $2,071 to the Department of Education and increase controls over paying refunds. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.

Categories

Questioned Costs Student Financial Aid Special Tests & Provisions

Other Findings in this Audit

  • 512974 2024-005
    Significant Deficiency Repeat
  • 512975 2024-002
    Significant Deficiency
  • 512976 2024-003
    -
  • 512977 2024-004
    -
  • 512978 2024-005
    Significant Deficiency Repeat
  • 512979 2024-001
    -
  • 512980 2024-003
    -
  • 512981 2024-005
    Significant Deficiency Repeat
  • 1089416 2024-005
    Significant Deficiency Repeat
  • 1089417 2024-002
    Significant Deficiency
  • 1089418 2024-003
    -
  • 1089420 2024-005
    Significant Deficiency Repeat
  • 1089421 2024-001
    -
  • 1089422 2024-003
    -
  • 1089423 2024-005
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.52M
84.063 Federal Pell Grant Program $1.38M
84.007 Federal Supplemental Educational Opportunity Grants $43,187