Finding 1127539 (2024-009)

Significant Deficiency Repeat Finding
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 352022
Organization: William Peace Universirty (NC)

AI Summary

  • Core Issue: A significant deficiency in internal controls led to one student being under-awarded Pell grant funds due to incorrect information.
  • Impacted Requirements: Compliance with 34 CFR 690.62, which mandates accurate payment and disbursement schedules based on various factors.
  • Recommended Follow-Up: Implement a review process to ensure accurate calculations for Pell awards; the University agrees and is working on corrective actions.

Finding Text

Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program Assistance Listing Number: 84.063 Federal Award Identification Number: P063P231946 Award Period: July 1, 2023 – June 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 690.62 states the Pell grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year. The payment schedules take into account the cost of attendance, the student’s Estimated Family Contribution (EFC) and the enrollment status of the student. Condition: During our testing, it was noted one student was under-awarded Pell due to the University using incorrect information. Questioned Costs: N/A Context: One out of a sample of forty students tested was under-awarded Pell grant funds. Cause: The University’s process did not ensure the most accurate information was used when awarding aid. Effect: The student was under-awarded Pell grant funds. Repeat Finding: Yes, 2023-002. Recommendation: We recommend the University implement a review process to ensure calculations of Pell awards are using the correct information. Views of Responsible Officials: There is no disagreement with the audit finding and the University is in the process of implementing corrective procedures.

Categories

Student Financial Aid Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 551087 2024-005
    Significant Deficiency
  • 551088 2024-005
    Significant Deficiency
  • 551089 2024-005
    Significant Deficiency
  • 551090 2024-005
    Significant Deficiency
  • 551091 2024-006
    Significant Deficiency
  • 551092 2024-006
    Significant Deficiency
  • 551093 2024-007
    Significant Deficiency
  • 551094 2024-008
    Significant Deficiency
  • 551095 2024-008
    Significant Deficiency
  • 551096 2024-008
    Significant Deficiency
  • 551097 2024-009
    Significant Deficiency Repeat
  • 551098 2024-010
    Material Weakness
  • 551099 2024-011
    Significant Deficiency
  • 551100 2024-011
    Significant Deficiency
  • 551101 2024-011
    Significant Deficiency
  • 551102 2024-011
    Significant Deficiency
  • 551103 2024-012
    Significant Deficiency
  • 551104 2024-012
    Significant Deficiency
  • 551105 2024-013
    Significant Deficiency
  • 551106 2024-014
    Material Weakness
  • 551107 2024-014
    Material Weakness
  • 551108 2024-014
    Material Weakness
  • 551109 2024-014
    Material Weakness
  • 1127529 2024-005
    Significant Deficiency
  • 1127530 2024-005
    Significant Deficiency
  • 1127531 2024-005
    Significant Deficiency
  • 1127532 2024-005
    Significant Deficiency
  • 1127533 2024-006
    Significant Deficiency
  • 1127534 2024-006
    Significant Deficiency
  • 1127535 2024-007
    Significant Deficiency
  • 1127536 2024-008
    Significant Deficiency
  • 1127537 2024-008
    Significant Deficiency
  • 1127538 2024-008
    Significant Deficiency
  • 1127540 2024-010
    Material Weakness
  • 1127541 2024-011
    Significant Deficiency
  • 1127542 2024-011
    Significant Deficiency
  • 1127543 2024-011
    Significant Deficiency
  • 1127544 2024-011
    Significant Deficiency
  • 1127545 2024-012
    Significant Deficiency
  • 1127546 2024-012
    Significant Deficiency
  • 1127547 2024-013
    Significant Deficiency
  • 1127548 2024-014
    Material Weakness
  • 1127549 2024-014
    Material Weakness
  • 1127550 2024-014
    Material Weakness
  • 1127551 2024-014
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.29M
84.063 Federal Pell Grant Program $1.43M
84.033 Federal Work-Study Program $46,035
84.007 Federal Supplemental Educational Opportunity Grants $39,392