FAC Explorer

Finding 1179450 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-03-13
Audit: 391877
Organization: Benedict College (SC)
Auditor: CAPINCROUSE LLC

AI Summary

  • Core Issue: The College failed to keep necessary documentation for FISAP reporting, impacting the ability to verify accuracy.
  • Impacted Requirements: Compliance with 34 CFR 668.24(e) regarding documentation retention.
  • Recommended Follow-Up: Ensure all supporting data for FISAP line items is retained according to the College’s document retention policy.

Finding Text

FISAP Reporting Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.007 Federal Supplemental Opportunity Grant Program and 84.033 Federal Work Study Program Federal Award Identification #: 2024-2025 Financial Aid Year Condition: Underlying documentation for the FISAP reporting was not maintained. Therefore, the accuracy of certain key line items could not be tested. Criteria: 34 CFR 668.24(e) Questioned Costs: $0 Context: The College did not properly retain underlying support on the FISAP reporting on award year 2023-2024. Cause: This was an oversight by management. Effect: The College was unable to show evidence that they accurately reported items on the FISAP report. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College retain all data supporting all line items reported on the FISAP following the College’s document retention policy. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

FISAP Reporting Planned Corrective Action: At the time of preparation of the FISAP report by the Financial Aid Office, electronic database reports used for preparation will be archived and attached to the report. The report will be reviewed the Vice President of Enrollment Management and the Vice President for Finance and Operations/CFO. Both reviewers will be provided the detailed reports that agree to the data reported. The review will consist of ensuring that the data on the database source, PowerFAIDS, is accurate and agrees with the reported data. Reviewer will run directly from the PowerFAIDS system a report consistent with the time frame of the FISAP and determine that the report agrees with the report attached to the FISAP submitted for review. Person Responsible for Corrective Action Plan: Ms. Monique Rickenbaker, Director of Financial Aid Mr. Yohannis Job, VP for Enrollment Management Dr. Sharron T. Burnett, VP for Finance and Operations/CFO Anticipated Date of Completion: June 30, 2026

Categories

Student Financial Aid Reporting Significant Deficiency

Other Findings in this Audit

  • 1179449 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $13.54M
84.063 FEDERAL PELL GRANT PROGRAM $7.76M
84.031 HIGHER EDUCATION INSTITUTIONAL AID $3.04M
12.330 SCIENCE, TECHNOLOGY, ENGINEERING & MATHEMATICS (STEM) EDUCATION, OUTREACH AND WORKFORCE PROGRAM $1.96M
17.289 COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING $1.13M
11.028 CONNECTING MINORITY COMMUNITIES PILOT PROGRAM $843,629
81.137 MINORITY ECONOMIC IMPACT $743,415
84.033 FEDERAL WORK-STUDY PROGRAM $637,500
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $500,426
84.047 TRIO UPWARD BOUND $290,955
11.034 2023 MBDA CAPITAL READINESS PROGRAM $220,632
84.120 MINORITY SCIENCE AND ENGINEERING IMPROVEMENT $212,922
11.024 BUILD TO SCALE $189,266
47.070 COMPUTER AND INFORMATION SCIENCE AND ENGINEERING $173,908
15.904 HISTORIC PRESERVATION FUND GRANTS-IN-AID $168,241
81.123 NATIONAL NUCLEAR SECURITY ADMINISTRATION (NNSA) MINORITY SERVING INSTITUTIONS (MSI) PROGRAM $157,137
20.237 MOTOR CARRIER SAFETY ASSISTANCE HIGH PRIORITY ACTIVITIES GRANTS AND COOPERATIVE AGREEMENTS $127,660
47.049 MATHEMATICAL AND PHYSICAL SCIENCES $90,335
47.041 ENGINEERING $87,469
20.701 UNIVERSITY TRANSPORTATION CENTERS PROGRAM $73,719
59.043 WOMEN'S BUSINESS OWNERSHIP ASSISTANCE $72,144
93.959 BLOCK GRANTS FOR PREVENTION AND TREATMENT OF SUBSTANCE ABUSE $70,067
16.525 GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS $55,269
84.425 COVID-19 EDUCATION STABILIZATION FUND $49,602
11.620 SCIENCE, TECHNOLOGY, BUSINESS AND/OR EDUCATION OUTREACH $46,451
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $35,623
47.084 NSF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS $33,895
93.297 TEENAGE PREGNANCY PREVENTION PROGRAM $22,398
93.354 PUBLIC HEALTH EMERGENCY RESPONSE: COOPERATIVE AGREEMENT FOR EMERGENCY RESPONSE: PUBLIC HEALTH CRISIS RESPONSE $17,695
20.215 HIGHWAY TRAINING AND EDUCATION $8,715
47.083 INTEGRATIVE ACTIVITIES $7,691
43.008 OFFICE OF STEM ENGAGEMENT (OSTEM) $7,500
81.049 OFFICE OF SCIENCE FINANCIAL ASSISTANCE PROGRAM $6,209
15.932 PRESERVATION OF HISTORIC STRUCTURES ON THE CAMPUSES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS). $3,518
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $1,463