FAC Explorer

Finding 1201518 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-03-30
Audit: 396095
Organization: Muhlenberg College (PA)
Auditor: TAIT WELLER & BAKER LLP

AI Summary

  • Core Issue: The College inaccurately reported tuition and fees in the FISAP submitted to the U.S. Department of Education.
  • Impacted Requirements: Compliance with special reporting requirements was not met due to lack of reconciliation with internal records.
  • Recommended Follow-Up: Implement a timely year-end closing process and require CFO or controller sign-off on FISAP metrics before submission.

Finding Text

Significant Deficiency - Special Reporting; Program: Student Financial Aid Cluster; Assistance Listing Number: 84.268, 84.063, 84.003, 84.007; Federal Agency: U.S. Department of Education; Federal Award Year: June 30, 2025; Condition: The College incorrectly reported information on tuition and fees in the FISAP submitted to the Department of Education; Questioned Costs: None; Cause: The FISAP was not reconciled to the College's internal records prior to submission due to staffing turnovers; Effect: The College did not operate in accordance with the special reporting compliance requirement; Indentification of a Repeat Finding: This is not a repeat finding; Recommendation: The College should ensure that the year-end closing process is completed timely and require a sign-off from the CFO or controller of financial statement metrics reported on the FISAP prior to submission; Views from Responsible Officials: Management agrees with this finding

Corrective Action Plan

Establish a formal reconciliation process between the general ledger and amounts reported in the FISAP; require documented review and approval of all FISAP data by the Controller or CFO prior to submission; Enhance the year-end closing timeline to ensure all relevant financial data is finalized before FISAP preparation; Develop and maintain written procedures for FISAP prepartion and review to ensure continuity during staffing transitions; Provide cross-training for key personnel involved in federal reporting to mitigate risks associated with turnover

Categories

Student Financial Aid Reporting Significant Deficiency

Other Findings in this Audit

  • 1201515 2025-001
    Material Weakness Repeat
  • 1201516 2025-001
    Material Weakness Repeat
  • 1201517 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $9.44M
84.063 FEDERAL PELL GRANT PROGRAM $3.04M
64.027 POST-9/11 VETERANS EDUCATIONAL ASSISTANCE $342,656
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $308,229
84.033 FEDERAL WORK-STUDY PROGRAM $251,405
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $119,112
12.582 OFFICE FOR REINTEGRATION PROGRAMS $89,806
47.074 BIOLOGICAL SCIENCES $46,650
17.245 TRADE ADJUSTMENT ASSISTANCE $18,466
84.126 REHABILITATION SERVICES VOCATIONAL REHABILITATION GRANTS TO STATES $9,240
66.034 SURVEYS, STUDIES, RESEARCH, INVESTIGATIONS, DEMONSTRATIONS, AND SPECIAL PURPOSE ACTIVITIES RELATING TO THE CLEAN AIR ACT $3,575