Finding 1216420 (2025-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-06-03
Audit: 402942
Organization: Richland Community College (IL)
Auditor: SIKICH CPA LLC

AI Summary

  • Core Issue: The College failed to accurately report tuition and fees on the FISAP for the 2023-2024 academic year, leading to noncompliance with federal reporting requirements.
  • Impacted Requirements: This finding highlights a lack of adequate controls over reporting, which is a repeated issue from the previous year.
  • Recommended Follow-Up: Implement stronger review processes for FISAP inputs to ensure accuracy and compliance with financial record-keeping standards.

Finding Text

2025-003 - Student Financial Aid Cluster - (a) Federal Supplemental Educational Opportunity Grants (b) Federal Work Study Program (c) Federal Pell Grant Program (d) Federal Direct Student Loans, Assistance Listing No. (a) 84.007 (b) 84.033 (c) 84.063 (d) 84.268 - Year Ended June 30, 2025 Criteria: The College must establish and maintain the financial records that reflect each Title IV program transaction on a current basis (34 CFR 668.24). Condition: The College incorrectly reported tuition and fees on the Fiscal Operations Report and Application to Participate (FISAP) for the 2023-2024 academic year. We consider this to be an instance of noncompliance of the Reporting compliance requirement and is a repeated finding shown in Section IV of this report as prior year finding 2024-005. Statistical sampling was not used in making sample selections. Questioned Costs: N/A Cause: This condition was caused by inadequate controls over Reporting and incorrect information provided at time of FISAP submission. Effect: The College did not correctly report tuition and fees on the FISAP that was submitted to the Department of Education. Recommendation: We recommend that the College puts controls in place to review all inputs to the FISAP report to ensure all amounts reported are accurate and agree with the College’s records. View of Responsible Officials: Management agrees with this Single Audit Finding and a response is included in the Corrective Action Plan.

Corrective Action Plan

2025-003 - Student Financial Aid Cluster - (a) Federal Supplemental Educational Opportunity Grants (b) Federal Work Study Program (c) Federal Pell Grant Program (d) Federal Direct Student Loans, Assistance Listing No. (a) 84.007 (b) 84.033 (c) 84.063 (d) 84.268 - Year Ended June 30, 2025 Criteria: The College must establish and maintain the financial records that reflect each Title IV program transaction on a current basis (34 CFR 668.24). Condition: The College incorrectly reported tuition and fees on the Fiscal Operations Report and Application to Participate (FISAP) for the 2023-2024 academic year. We consider this to be an instance of noncompliance of the Reporting compliance requirement and is a repeated finding shown in Section IV of this report as prior year finding 2024-005. Statistical sampling was not used in making sample selections. Responsible Person: Director of Financial Aid and Veteran Affairs, Controller, and Vice President of Financial Services Corrective Action Plan: The responsible parties will thoroughly review all FISAP reporting requirements and necessary data points prior to FISAP submission to ensure accuracy. Implementation Date: Tuition and fees will be accurately reported on the upcoming FISAP reporting cycle due September 2026.

Categories

Student Financial Aid

Other Findings in this Audit

  • 1216417 2025-003
    Material Weakness Repeat
  • 1216418 2025-003
    Material Weakness Repeat
  • 1216419 2025-003
    Material Weakness Repeat
  • 1216421 2025-004
    Material Weakness Repeat
  • 1216422 2025-004
    Material Weakness Repeat
  • 1216423 2025-004
    Material Weakness Repeat
  • 1216424 2025-004
    Material Weakness Repeat
  • 1216425 2025-005
    Material Weakness Repeat
  • 1216426 2025-005
    Material Weakness Repeat
  • 1216427 2025-005
    Material Weakness Repeat
  • 1216428 2025-005
    Material Weakness Repeat
  • 1216429 2025-006
    Material Weakness Repeat
  • 1216430 2025-006
    Material Weakness Repeat
  • 1216431 2025-006
    Material Weakness Repeat
  • 1216432 2025-006
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 FEDERAL PELL GRANT PROGRAM $3.89M
84.268 FEDERAL DIRECT STUDENT LOANS $734,916
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $72,900
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $61,595
84.033 FEDERAL WORK-STUDY PROGRAM $42,472
84.002 ADULT EDUCATION - BASIC GRANTS TO STATES $32,236
10.902 SOIL AND WATER CONSERVATION $2,549