FAC Explorer

Finding 1097014 (2024-001)

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Requirement
E
Questioned Costs
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Year
2024
Accepted
2025-01-28
Audit: 340144
Organization: College of the Atlantic (ME)
Auditor: Baker Newman & Noyes LLC

AI Summary

  • Issue: A Federal Pell Grant was not properly disbursed to an eligible student.
  • Trend: This indicates potential gaps in the disbursement process that could affect compliance.
  • Follow-up: Review and improve the disbursement procedures to ensure all eligible students receive their grants correctly.

Finding Text

During compliance testing, it was identified that a Federal Pell Grant was not properly disbursed to a student who was eligible to receive it.

Categories

Student Financial Aid

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.41M
84.063 Federal Pell Grant Program $527,913
93.859 Biomedical Research and Research Training $218,136
84.038 Federal Perkins Loan $120,804
43.008 Education $89,253
11.439 Marine Mammal Data Program $63,041
84.033 Federal Work-Study Program $40,000
84.007 Federal Supplemental Educational Opportunity Grants $35,000