Finding 1146429 (2024-005)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-07-01
Audit: 361246
Organization: Dillard University (LA)

AI Summary

  • Core Issue: The audit report for the fiscal year ending June 30, 2024, was submitted nine months late, violating federal regulations.
  • Impacted Requirements: This late submission breaches the Uniform Guidance 2 CFR Part 200.512(a), which mandates timely audit report submissions.
  • Recommended Follow-Up: Management should implement a monthly close schedule and an internal audit prep calendar to ensure future audits meet deadlines, targeting submission by March 31, 2026, for FY25.

Finding Text

Audit Finding Reference Number 2024-005 – Late Submission of Audit Report Federal Program and Specific Federal Award Identification CFDA Title and Number Student Financial Aid Cluster: 84.007 Federal Supplemental Educational Opportunity Grant 84.033 Federal Work-Study Program 84.063 Federal Pell Grant Program 84.268 Federal Direct Student Loans 93.364 Nursing Student Loans TRIO Cluster: 84.042 Student Support Services 84.044 Talent Search 84.217 McNair Post-Baccalaureate Achievement 84.425F COVID-19 Education Stabilization Fund – Institutional Portion 84.425J COVID-19 Education Stabilization Fund – Historically Black Colleges and Universities (HBCU) Federal Award Year June 30, 2024 Federal Agencies U. S. Department of Education Pass-Through Entity Not applicable Criteria Pursuant to the requirement of Uniform Guidance 2 CFR Part 200.512(a), single audit are required to be completed and the data collection form and reporting package submitted within the earlier of thirty (30) days after receipt of the auditor’s report, or nine (9) months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal holiday, the reporting package is due the next business day. Conditions and Contexts The June 30, 2024 audit report was not submitted within the prescribed time frame required by the federal regulations. The audit report was outstanding nine (9) months after the entity’s fiscal year end. Cause Management failed to ensure the audit report was issued within the prescribed time frame. Questioned Costs For the purposed of this condition, I have no questioned costs. Effect The University has not complied with the audit requirements of the Uniform Guidance 2 CFR Part 200.512(a).   Repeat Finding No. Recommendation I recommend that management of the University take steps to ensure the Single Audit report is submitted within the prescribed deadlines. Management’s Response The late audit submission was a result of significant leadership and staffing turnover, unresolved audit support items, and missing reconciliations from prior months. The University engaged an external firm to stabilize the finance function and has since appointed an interim Controller. Beginning with FY26, the University will adopt a rolling monthly close schedule, establish an internal audit prep calendar, and define internal deadlines for deliverables to external auditors. These steps will support timely completion of future audits. Target: Audit submission by March 31, 2026 for FY25.

Categories

Student Financial Aid Subrecipient Monitoring Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 569976 2024-002
    Material Weakness
  • 569977 2024-003
    Material Weakness Repeat
  • 569978 2024-004
    Material Weakness
  • 569979 2024-005
    Material Weakness
  • 569980 2024-005
    Material Weakness
  • 569981 2024-005
    Material Weakness
  • 569982 2024-005
    Material Weakness
  • 569983 2024-005
    Material Weakness
  • 569984 2024-005
    Material Weakness
  • 569985 2024-005
    Material Weakness
  • 569986 2024-005
    Material Weakness
  • 569987 2024-005
    Material Weakness
  • 1146418 2024-002
    Material Weakness
  • 1146419 2024-003
    Material Weakness Repeat
  • 1146420 2024-004
    Material Weakness
  • 1146421 2024-005
    Material Weakness
  • 1146422 2024-005
    Material Weakness
  • 1146423 2024-005
    Material Weakness
  • 1146424 2024-005
    Material Weakness
  • 1146425 2024-005
    Material Weakness
  • 1146426 2024-005
    Material Weakness
  • 1146427 2024-005
    Material Weakness
  • 1146428 2024-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $10.84M
84.031 Higher Education Institutional Aid $6.42M
84.063 Federal Pell Grant Program $4.90M
84.425 Education Stabilization Fund $3.97M
84.044 Trio Talent Search $423,085
84.033 Federal Work-Study Program $352,452
84.042 Trio Student Support Services $328,356
84.217 Trio McNair Post-Baccalaureate Achievement $318,672
12.800 Air Force Defense Research Sciences Program $280,806
93.859 Biomedical Research and Research Training $181,856
84.007 Federal Supplemental Educational Opportunity Grants $181,661
84.120 Minority Science and Engineering Improvement $157,699
47.076 Stem Education (formerly Education and Human Resources) $103,266
45.162 Promotion of the Humanities Teaching and Learning Resources and Curriculum Development $87,534
93.364 Nursing Student Loans $83,000
94.006 Americorps State and National 94.006 $77,147
84.184 School Safely National Activities $77,103
93.084 Prevention of Disease, Disability, and Death by Infectious Diseases $59,951
93.391 Activities to Support State, Tribal, Local and Territorial (stlt) Health Department Response to Public Health Or Healthcare Crises $57,322
93.368 21st Century Cures Act - Precision Medicine Initiative $55,803
47.050 Geosciences $54,031
81.049 Office of Science Financial Assistance Program $52,049
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $40,166
12.902 Information Security Grants $26,205
47.075 Social, Behavioral, and Economic Sciences $25,354
93.421 Strengthening Public Health Systems and Services Through National Partnerships to Improve and Protect the Nation’s Health $21,856
47.070 Computer and Information Science and Engineering $15,677
93.865 Child Health and Human Development Extramural Research $15,210
43.001 Science $14,678
15.932 Preservation of Historic Structures on the Campuses of Historically Black Colleges and Universities (hbcus). $11,400
93.307 Minority Health and Health Disparities Research $9,154
10.217 Higher Education - Institution Challenge Grants Program $7,258
43.008 Office of Stem Engagement (ostem) $6,818
19.009 Academic Exchange Programs - Undergraduate Programs $2,310