Finding 1170193 (2024-005)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2026-01-21
Audit: 383150
Organization: Richland Community College (IL)
Auditor: SIKICH CPA LLC

AI Summary

  • Core Issue: The College inaccurately reported tuition and fees on the FISAP for the 2022-2023 academic year, leading to noncompliance with reporting requirements.
  • Impacted Requirements: This finding violates the requirement to maintain accurate financial records for Title IV programs as outlined in 34 CFR 668.24.
  • Recommended Follow-Up: Implement stronger controls to verify all data submitted in the FISAP to ensure accuracy and compliance with College records.

Finding Text

2024-005 - Student Financial Aid Cluster - (a) Federal Supplemental Educational Opportunity Grants (b) Federal Work Study Program (c) Federal Pell Grant Program (d) Federal Direct Student Loans, Assistance Listing No. (a) 84.007 (b) 84.033 (c) 84.063 (d) 84.268 - Year Ended June 30, 2024 Criteria: The College must establish and maintain the financial records that reflect each Title IV program transaction on a current basis (34 CFR 668.24). Condition: The College incorrectly reported tuition and fees on the Fiscal Operations Report and Application to Participate (FISAP) for the 2022-2023 academic year. We consider this to be an instance of noncompliance of the Reporting compliance requirement and is a repeated finding shown in Section IV of this report as prior year finding 2023-008. Statistical sampling was not used in making sample selections. Questioned Costs: N/A Cause: This condition was caused by inadequate controls over Reporting and incorrect information provided at time of FISAP submission. Effect: The College did not correctly report tuition and fees on the FISAP that was submitted to the Department of Education. Recommendation: We recommend that the College puts controls in place to review all inputs to the FISAP report to ensure all amounts reported are accurate and agree with the College’s records. View of Responsible Officials: Management agrees with this Single Audit Finding and response is included in the Corrective Action Plan.

Corrective Action Plan

2024-005 - Student Financial Aid Cluster - (a) Federal Supplemental Educational Opportunity Grants (b) Federal Work Study Program (c) Federal Pell Grant Program (d) Federal Direct Student Loans, Assistance Listing No. (a) 84.007 (b) 84.033 (c) 84.063 (d) 84.268 - Year Ended June 30, 2024 Criteria: The College must establish and maintain the financial records that reflect each Title IV program transaction on a current basis (34 CFR 668.24). Condition: The College incorrectly reported tuition and fees on the Fiscal Operations Report and Application to Participate (FISAP) for the 2022-2023 academic year. We consider this to be an instance of noncompliance of the Reporting compliance requirement and is a repeated finding shown in Section IV of this report as prior year finding 2023-008. Statistical sampling was not used in making sample selections. Responsible Person: Director of Financial Aid and Veteran Affairs, Controller, Vice President of Financial Services Corrective Action Plan: The responsible parties listed above will thoroughly review all FISAP reporting requirements and necessary data points prior to FISAP submission to ensure accuracy. Implementation Date: Correction to FISAP will be submitted as soon as the amount of tuition and fess is confirmed by the Controller and/or Vice President of Financial Services. By September 2026 to accurately report the amount of tuition and fees on the upcoming FISAP reporting cycle due by the end of September 2026.

Categories

Student Financial Aid

Other Findings in this Audit

  • 1170186 2024-004
    Material Weakness Repeat
  • 1170187 2024-004
    Material Weakness Repeat
  • 1170188 2024-004
    Material Weakness Repeat
  • 1170189 2024-004
    Material Weakness Repeat
  • 1170190 2024-005
    Material Weakness Repeat
  • 1170191 2024-005
    Material Weakness Repeat
  • 1170192 2024-005
    Material Weakness Repeat
  • 1170194 2024-006
    Material Weakness Repeat
  • 1170195 2024-006
    Material Weakness Repeat
  • 1170196 2024-006
    Material Weakness Repeat
  • 1170197 2024-006
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 FEDERAL PELL GRANT PROGRAM $3.14M
84.268 FEDERAL DIRECT STUDENT LOANS $681,539
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $105,099
93.575 CHILD CARE AND DEVELOPMENT BLOCK GRANT $91,974
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $53,850
84.033 FEDERAL WORK-STUDY PROGRAM $31,945
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $20,327
10.902 SOIL AND WATER CONSERVATION $12,034
84.002 ADULT EDUCATION - BASIC GRANTS TO STATES $11,505