Finding Text
2024-005 - Student Financial Aid Cluster - (a) Federal Pell Grant (b) Federal Supplemental Educational Opportunity Grant (c) Federal Work Study Grant (d) Federal Perkins Loan Program (e) Federal Direct Student Loans (f) Teacher education Assistance for College and Higher Education ALN No. (a) 84.063 (b) 84.007 (c) 84.033 (d) 84.038 (e) 84.268 (f) 84.379 - Year Ended June 30, 2024.
Criteria: 34 CFR 674.19 (d)(2) states “Each year an institution shall submit a Fiscal Operations Report plus other information the Secretary requires. The institution shall insure that the information reported is accurate and shall submit it on the form and at the time specified by the Secretary.
Condition: The College did not submit the Fiscal Operations Report (FISAP) on or before the specified deadline of September 30, 2023. We consider this condition to be an instance of noncompliance relating to the Reporting compliance requirement.
Cause and effect: Without proper controls in place, the College may not meet specified reporting requirements.
Recommendation: We recommend the College evaluate policies and procedures to ensure all required supports are submitted timely and accurately.
Views of Responsible Officials: Management agrees with this Single Audit Finding and response is included in the Corrective Action Plan.