Finding Text
Federal Agency: Department of Education Federal Program: Title: Student Financial Assistance Cluster Title: Higher Education Institutional Aid Assistance Listing No.: 84.063, 84.033, 84.007, 84.268, and 84.031 Federal Award Numbers: P033A208469(SEOG) P033A208469(FWS) P063P204871(PELL) P268K234871(FDSL) Award Period: July 1, 2021 to June 30, 2024 Name of Applicable Pass-Through Entity- Not applicable Condition: The College did not submit its data collection form for the year ending June 30, 2023, by the earlier of 30 days after release of the financial statements or nine months after the reporting period. Management’s progress: Management continues to work on closing their books and submitting timely. Criteria: Per 200.512 (a)(1) of the Uniform Guidance, the Data Collection Form is required to be completed and submitted to the Federal Audit Clearinghouse within the earlier of 30 days after the issuance of the respective auditor’s reports or within nine months after the end of the audit period. Questioned costs: None. Cause: The FY2023 financial close was late therefore the audit not completed timely. Effect: The College was noncompliant with this requirement in relation to its federal funding. The College shall be subject to a high-risk assessment on its next single audit. Recommendation: We recommend that the system of financial close and reporting objectives and risks be identified, and the risks mitigated through strengthening the department.