Finding Text
2025-101 Funds to be Returned Worksheets Not Documented as Being Independently Reviewed Assistance Listing Number: 84.063 Program Title: Federal Pell Grant Program Compliance Requirement: Special Tests and Provisions – Return of Title IV Funds Federal Agency: United States Department of Education FAIN and year: P063P203385, 2024-2025 Finding Type: Material Weakness in Internal Control Known Questioned Costs: $0 Criteria: 2 CFR section 200.303 requires that nonfederal entities receiving federal awards establish and maintain internal control over the federal awards that provides reasonable assurance that the nonfederal entity is managing the federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards. Condition: Return of Funds R2T4 and Pell Grant Early Completer Re-Proration worksheets were calculated and funds properly returned, however the worksheets to determine the return of the funds were not signed off as having been independently reviewed and approved. While calculations are reviewed by someone other than the preparer, no documentation of the review is evident. Cause: Haney Technical School (School) staff review the worksheets but have not set up a formal policy where the independent reviewer signs off and dates the review of the worksheet. Effect: Incorrect amounts could be returned in error. Recommendation: The School should set up a formal policy where worksheets for the return of Title IV funds should include a signature and date of both the preparer and the reviewer. Management Response: See attached Corrective Action Plan.