Finding Text
Criteria
According to 34 CFR 673.3(a}, to participate in the Federal Perkins Loan, FWS, or FSEOG programs,
an institution shall file an application before the deadline date established annually
by the Secretary through publication of a notice in the Federal Register.
Condition
The University submitted the report after the reporting deadline of October 1, 2023.
Cause
Noncompliance with the requirement occurred due to an oversight by the responsible department.
Effect
The Fiscal Operations Report and Application to Participate report was submitted late.
Questioned Cost
There is no questioned cost related to this finding.
Context
During review of the University's Fiscal Operations Report and Application to Participate report
for the year ended June 30, 2023, we noted that the report was submitted after the required
reporting deadline of October 1, 2023.
Recommendation
We recommend the University take appropriate steps to ensure the Fiscal Operations
Report and Application to Participate report is submitted in a timely manner prior to the
reporting deadline.
Views of Responsible Officials
We agree with the recommendation.
There is no questioned cost related to this finding.