FAC Explorer

Finding 1181771 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-03-20
Audit: 393057
Organization: Manor College (PA)
Auditor: SMITH+HOWARD PC

AI Summary

  • Core Issue: The College submitted incorrect tuition and fees data in the FISAP, affecting compliance with federal reporting requirements.
  • Impacted Requirements: Annual submission of the Fiscal Operations Report is essential for funding campus-based programs.
  • Recommended Follow-Up: Implement monthly reconciliations between financial aid and accounting systems to maintain accuracy during staff changes.

Finding Text

Federal Program: Student Financial Aid Cluster Type of Finding: Significant Deficiency in Internal Control Over Compliance and Other Matters Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported information on tuition and fees in the FISAP submitted to the Department of Education that reconciled to tuition and fees as reported on the statement of activities. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled monthly. These reconciliations will ensure accurate reporting during periods of turnover of key personnel. Grantee Comment: Refer to Corrective Action Plan

Corrective Action Plan

Management has implemented formal monthly reconciliation procedures between the Financial Aid Office, Registrar, and Accounting Department to ensure the accuracy of the FISAP data. Reconciliations include review of enrollment status, aid disbursements, and supporting documentation, with documented supervisory review and retention of reconciliation evidence.

Categories

Student Financial Aid Reporting Significant Deficiency

Other Findings in this Audit

  • 1181761 2025-002
    Material Weakness Repeat
  • 1181762 2025-003
    Material Weakness Repeat
  • 1181763 2025-004
    Material Weakness Repeat
  • 1181764 2025-002
    Material Weakness Repeat
  • 1181765 2025-003
    Material Weakness Repeat
  • 1181766 2025-004
    Material Weakness Repeat
  • 1181767 2025-005
    Material Weakness Repeat
  • 1181768 2025-002
    Material Weakness Repeat
  • 1181769 2025-003
    Material Weakness Repeat
  • 1181770 2025-004
    Material Weakness Repeat
  • 1181772 2025-003
    Material Weakness Repeat
  • 1181773 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $2.95M
84.063 FEDERAL PELL GRANT PROGRAM $1.81M
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $543,612
84.031 HIGHER EDUCATION INSTITUTIONAL AID $371,142
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $42,730
84.033 FEDERAL WORK-STUDY PROGRAM $31,123