Finding Text
Federal Agency: Department of Education Federal Program: Fund for the Improvement of Post Secondary Education Assistance Listing Number: 84.116M Federal Award Identification Number and Year: P116M240230 Award Period: 10/01/2024 – 09/30/2028 Compliance Requirement Affected: Reporting Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matter Criteria or specific requirement: FFATA reporting requires all information to be submitted no later than the last day of the month following the subaward date. Condition: FFATA submissions were submitted after the last day of the month following the subaward date. Questioned costs: None. Context: 3 of 3 reports tested were submitted outside of required time period. Subaward Subaward Missing Transactions Subaward Report Amount Key Tested Not Reported Not Timely Incorrect Elements 3 0 3 0 0 Dollar Subaward Amount of Subaward Missing Transactions Subaward Report Amount Key Tested Not Reported Not Timely Incorrect Elements $ 75,000 $ - $ 75,000 $ - $ - Cause: Processes/controls around reporting were not followed in a timely manner to ensure compliance. Effect: Non-timely reporting, as required by the grant agreement. Repeat finding: No Recommendation: We recommend the Organization improve controls/processes around reporting to ensure future reports are submitted within the allowable date ranges. View of responsible officials: No disagreement noted.