Finding 1172929 (2025-010)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-02-09
Audit: 386308
Organization: Randall University (OK)

AI Summary

  • Core Issue: The University incorrectly reported Federal Work Study funds on the FISAP, despite not participating in the program for the 24-25 academic year.
  • Impacted Requirements: The claimed amounts on the FISAP must match the institution's records, which they did not in this case.
  • Recommended Follow-Up: Ensure accurate completion of the FISAP and maintain supporting documentation; management will conduct an independent review before submission.

Finding Text

Federal Agency: U.S. Department of Education; Office of Federal Student Aid Pass through Entity: Not applicable Program Name: Federal Work Study ALN and Program Expenditures: 84.033 ($-0-) Award Number: P033A243421 Federal Award Year: July 1, 2024 to June 30, 2025 Questioned Costs: N/A Condition Found: The University did not award Federal Work Study funds during the 24-25 academic year. However, the FISAP reports that students participating in the Federal Work Study Program earned $26,232. An administrative allowance of $1,312 was also claimed. Total Federal Work Study funds per the FISAP totaled $27,544. Criteria: The amounts claimed as federal expenditures on the FISAP should agree with the institutions records. Cause: The person responsible for completing the FISAP was unaware that the University did not participate in the Federal Work Study Program for the 24-25 award. Possible Asserted Effect: The FISAP reporting was incorrect. In addition, the University claimed an administrative allowance, that the institution was not eligible to receive. As of June 30, 2025, the funds had not been requested from G5. This was a FISAP reporting error. Repeat Finding: There was not a similar finding in the prior year. Recommendation: All sections of the FISAP should be completed accurately. The University should have supporting documentation for the numbers and amounts reported on the FISAP. Management Response: Management will work with the third-party servicer to ensure the figures and amounts reported on the FISAP are accurate. An independent review of the FISAP will be completed by the CFO before the FISAP is filed.

Corrective Action Plan

FINDING 2025-010– FISAP Accuracy Program Name: Federal Work Study ALN and Program Expenditures: 84.033 ($-0-) Award Number: P033A243421 Federal Award Year: July 1, 2024 to June 30, 2025 Questioned Costs: N/A Condition Found: The University did not award Federal Work Study funds during the 24-25 academic year. However, the FISAP reports that students participating in the Federal Work Study Program earned $26,232. An administrative allowance of $1,312 was also claimed. Total Federal Work Study funds per the FISAP totaled $27,544. Corrective Action Plan: Management will work with the third-party servicer to ensure the figures and amounts reported on the FISAP are accurate. An independent review of the FISAP will be completed by the CFO before the FISAP is filed. Anticipated Completion Date: The University anticipates the corrective action being completed by October 1, 2026. Contact Person: Brad Burnett, Director of Financial Aid 405-912-9000

Categories

Student Financial Aid Reporting

Other Findings in this Audit

  • 1172914 2025-001
    Material Weakness Repeat
  • 1172915 2025-001
    Material Weakness Repeat
  • 1172916 2025-001
    Material Weakness Repeat
  • 1172917 2025-002
    Material Weakness Repeat
  • 1172918 2025-003
    Material Weakness Repeat
  • 1172919 2025-003
    Material Weakness Repeat
  • 1172920 2025-004
    Material Weakness Repeat
  • 1172921 2025-004
    Material Weakness Repeat
  • 1172922 2025-004
    Material Weakness Repeat
  • 1172923 2025-005
    Material Weakness Repeat
  • 1172924 2025-006
    Material Weakness Repeat
  • 1172925 2025-007
    Material Weakness Repeat
  • 1172926 2025-008
    Material Weakness Repeat
  • 1172927 2025-009
    Material Weakness Repeat
  • 1172928 2025-009
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $866,312
84.063 FEDERAL PELL GRANT PROGRAM $509,088
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $5,400
84.033 FEDERAL WORK-STUDY PROGRAM $0
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $0