Finding Text
2024-001 Agency: U.S. Department of Education
Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063, 84.268 and 84.379
Program: Student Financial Assistance Cluster
Federal Award Identification Number: Various
Federal Award Year: June 30, 2024
Criteria: Management is responsible for having internal controls in place to provide populations of awards provided to students and that reconcile to amounts supporting to the SEFA.
Condition: The College's internal controls over compliance requirements over reporting were not operating effectively in 2024 as the College could not timely provide populations that reconciled to the Schedule of Federal and State Awards (SEFA). Management provided multiple population listings during the audit process.
Questioned Costs: The amount of known questioned costs could not be determined.
Context: The College was unable to timely provide populations that reconciled to the amounts provided on the SEFA. There were delays and multiple attempts by management to provide an accurate population of expenditures incurred for the programs.
Cause: The College did not have proper controls in place to ensure that the College could provide populations that reconciled to the SEFA.
Effect: The College's internal controls were not operating effectively to provide consistent populations of student awards. The College provided multiple populations that did not reconcile to the SEFA. Management was able to provide a reconciled listing and there were no exceptions identified during our testing of student eligibility or reporting once the final populations were provided.
Recommendation: We recommend the College review internal controls over reporting and ensure they are operating effectively to be able to provide an accurate SEFA along with populations that reconcile to amounts reported on the SEFA.
Management's Response: Management agrees and has implemented necessary procedures and management oversight to meet the requirements.