Finding Text
Finding 2022-001 - U.S. Department of Education (USDE), Title IV Student Financial Aid Programs (Material Weakness): Information on the federal program - Federal Pell Grant Program, CFDA No. 84. 063, June 30, 2022; Federal Work-Study Program, CFDA No. 84.003, June 30, 2022; Federal Supplemental Educational Opportunity Grants, CFDA No. 84.007, June 30, 2022; Federal Teacher Education Assistance for College and Higher Education Grants (TEACH), CFDA No.84.379, June 30, 2022 Federal Direct Student Loans, CFDA No. 84.268, June 30, 2022; Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs -As provided below. Context-We observed the following condition in connection with our testing of the various U.S. Department of Education, Title IV, Student Financial Assistance Programs: a. The College did not submit required supporting documentation for five (5) students not meeting Satisfactory Academic progress during fieldwork. The questioned cost is $59,488. b. Two (2) out of 60 students had conflicting award letters and student account statements. Payments from the Business Office did not match the award amounts. The questioned cost is $23,085. c. The College has variances in the following programs which do not reconcile to the general ledger or COD. ? Federal Direct Loans ? Federal Pell ? Federal Work-Study ? Federal SEOG Cause - Oversight by responsible employees of properly monitoring required elements. Effect- The Center's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The Center should implement corrective actions to ensure that the above findings are resolved and do not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.