Finding Text
Federal Agency US Department of Education
Federal Program Name Higher Education Institutional Aid
Assistance Listing Number 84.031S
Federal Award Identification Number and Year P031S200249 - 2024
Pass-Through Agency (if applicable) N/A
Pass-Through Number(s) (if applicable) N/A
Award Period 7/1/2023-6/30/2024
Compliance Requirement Affected Allowable Costs
Type of Finding
Internal Control Significant Deficiency
Document judgment for your assessment Control finding did not result in material questioned costs-therefore we will document as a SD. Additionally qualitatively failure did not have material impact on compliance.
Compliance N/A - I/C Finding Only
Document judgment for your assessment Not greater than 5% and not a systemic failure
Criteria or specific requirement Per Uniform Guidance 2 CFR 200.303, nonfederal entities receiving federal awards are required to establish and maintain internal controls designed to reasonably ensure compliance with federal laws, regulations, and program compliance requirements.
Condition The University did not review scholarship awards made with federal program funds.
Questioned costs: N/A
Known
Likely
Context During our testing of 8 scholarship transactions, we observed 8 instances where scholarship awards did not have evidence of review prior to the award of funds to students.
Cause The University did adhere to existing controls in place to review the federal program scholarship awards.
Effect Scholarships may be awarded that are disallowed from program funds and may go undetected for substantial periods of time.
Repeat Finding No
Recommendation We recommend the University adhere to their existing internal control policy regarding scholarship awards made from federal award funds.
Views of Responsible Officials Agree