Finding 1102107 (2024-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-03-05

AI Summary

  • Core Issue: The College submitted an incorrect FISAP due to a lack of a second review.
  • Impacted Requirements: Annual FISAP must be error-free to receive federal funds for campus-based programs.
  • Recommended Follow-Up: Implement a secondary review process for FISAP preparation to ensure accuracy.

Finding Text

Finding Type. Immaterial Noncompliance / Significant Deficiency in Internal Control over Compliance (Reporting). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.007, 84.033, 84.063, 84.268; Award Numbers P007A232008, P033A232008, P063P231633, and P268K241633. Criteria. The College is required to submit an annual FISAP, free of errors, to the Department of Federal Student Aid to receive funds for campus-based programs. Condition. During our review of the Fiscal Operations Report and Application to Participate (FISAP), we noted there were errors in the amounts reported. Cause. This condition was caused by a lack of detailed review of the FISAP by a second individual prior to submitting. Effect. As a result, the College's FISAP was prepared incorrectly and had to be resubmitted to the Department of Federal Student Aid. Questioned Costs. No costs were required to be questioned as a result of this finding, inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the College implement a secondary review process over the preparation and reporting of the FISAP to ensure proper and accurate reporting. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.

Categories

Student Financial Aid Internal Control / Segregation of Duties Reporting Significant Deficiency

Other Findings in this Audit

  • 525661 2024-001
    Significant Deficiency
  • 525662 2024-001
    Significant Deficiency
  • 525663 2024-001
    Significant Deficiency
  • 525664 2024-001
    Significant Deficiency
  • 525665 2024-002
    Significant Deficiency
  • 525666 2024-002
    Significant Deficiency
  • 525667 2024-002
    Significant Deficiency
  • 525668 2024-002
    Significant Deficiency
  • 525669 2024-003
    Significant Deficiency
  • 525670 2024-003
    Significant Deficiency
  • 1102103 2024-001
    Significant Deficiency
  • 1102104 2024-001
    Significant Deficiency
  • 1102105 2024-001
    Significant Deficiency
  • 1102106 2024-001
    Significant Deficiency
  • 1102108 2024-002
    Significant Deficiency
  • 1102109 2024-002
    Significant Deficiency
  • 1102110 2024-002
    Significant Deficiency
  • 1102111 2024-003
    Significant Deficiency
  • 1102112 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.41M
84.268 Federal Direct Student Loans $908,548
84.042 Trio_student Support Services $246,950
21.027 Coronavirus State and Local Fiscal Recovery Funds $87,260
84.007 Federal Supplemental Educational Opportunity Grants $46,275
84.033 Federal Work-Study Program $39,996
84.048 Career and Technical Education -- Basic Grants to States $18,400