Finding 1216220 (2024-004)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2026-06-01
Audit: 402736
Organization: Barclay College (KS)
Auditor: CAPINCROUSE LLC

AI Summary

  • Core Issue: The financial aid department lacks the necessary administrative capability to comply with Title IV regulations, leading to multiple areas of noncompliance.
  • Impacted Requirements: Compliance with 34 CFR 668.16 is compromised, affecting the management of financial aid for various educational programs.
  • Recommended Follow-Up: Implement enhanced training for staff or consider outsourcing financial aid functions, and ensure policies align with actual practices.

Finding Text

Lack of Administrative Capability Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033 and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2023-2024 Financial Aid Year Condition: The administrative capability is currently below the required level for maintaining compliance with Title IV regulations. Criteria: 34 CFR 668.16 Questioned Costs: $0 Context: In the current year, we found several areas of noncompliance and five repeat findings with the Department of Education regulations due to the fact that the financial aid system was not designed to appropriately support the current level of staffing for financial aid, the complexity of administering financial aid for the various educational programs, the communication required between departments for appropriate administering of financial aid, and the number of enrolled students receiving financial aid. We also noted that published policies did not always align with what is being done in practice. Cause: The financial aid department continues to adjust staffing but is still in the process of training new staff. Effect: Noncompliance with a number of Title IV regulations. Questioned costs as indicated in the following findings. Identification as repeat finding, if applicable: 2023-004. Recommendation: We recommend the College implement additional training tools for the financial aid office, or consider outsourcing financial aid functions such as packaging, disbursing, reconciliations, etc. to a Title IV third party administrator. We also recommend the College review policies and procedures to ensure they align with what is being done in practice. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Lack of Administrative Capability Planned Corrective Action: The financial aid officer will participate in training(s) specific to knowledge gaps. In addition, monthly entries will be made in the general ledger for financial aid activity and monthly balances will be reconciled between the general ledger and financial aid software. Person Responsible for Corrective Action Plan: Lori Larsh, Vice President for Business Services Anticipated Date of Completion: 07/31/2026

Categories

Student Financial Aid Material Weakness

Other Findings in this Audit

  • 1216216 2024-004
    Material Weakness Repeat
  • 1216217 2024-004
    Material Weakness Repeat
  • 1216218 2024-004
    Material Weakness Repeat
  • 1216219 2024-004
    Material Weakness Repeat
  • 1216221 2024-005
    Material Weakness Repeat
  • 1216222 2024-005
    Material Weakness Repeat
  • 1216223 2024-005
    Material Weakness Repeat
  • 1216224 2024-005
    Material Weakness Repeat
  • 1216225 2024-005
    Material Weakness Repeat
  • 1216226 2024-006
    Material Weakness Repeat
  • 1216227 2024-006
    Material Weakness Repeat
  • 1216228 2024-007
    Material Weakness Repeat
  • 1216229 2024-008
    Material Weakness Repeat
  • 1216230 2024-008
    Material Weakness Repeat
  • 1216231 2024-009
    Material Weakness Repeat
  • 1216232 2024-009
    Material Weakness Repeat
  • 1216233 2024-010
    Material Weakness Repeat
  • 1216234 2024-010
    Material Weakness Repeat
  • 1216235 2024-010
    Material Weakness Repeat
  • 1216236 2024-010
    Material Weakness Repeat
  • 1216237 2024-010
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $722,969
84.063 FEDERAL PELL GRANT PROGRAM $524,882
84.033 FEDERAL WORK-STUDY PROGRAM $40,692
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $16,092
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $1,886