Finding Text
2025–004 FISAP Reporting Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063, 84.268, 84.007, 84.038, 84.033 Federal Award Identification Number and Year: P268K251853, P063P241853, P007A242813, P033A24813; 2025 Award Period: June 1, 2024 – May 31, 2025 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or specific requirement: Per U.S. Department of Education guidelines for the Fiscal Operations Report and Application to Participate (FISAP), institutions must accurately report tuition and fees in Part II, Section E, Line 22 based on official institutional records and applicable accounting standards. Condition/Context: During our testing of the FISAP submission, we noted that Part II (Application), Section E, Line 22: Total Tuition and Fees did not contain correct information. Questioned costs: No. Cause: The College's internal controls did not identify the errors for compliance with the criteria mentioned above. Effect: Inaccurate information of institutional financial data is reported to the Department of Education, which may affect federal funding calculations and trigger additional compliance reviews. Repeat Finding: No. Recommendation: We recommend the College review its reporting procedures to ensure that key line Items within the FISAP are reviewed and accurately reported to the Department of Education as required by regulations. Views of responsible officials: Please refer to the attached corrective action plan.