Finding 19948 (2022-001)

-
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-08-27

AI Summary

  • Core Issue: The Organization submitted quarterly reports for the HEERF program 11 days late, violating compliance requirements.
  • Impacted Requirements: Reports must be submitted within 10 days after each calendar quarter ends.
  • Recommended Follow-Up: Assess and enhance resources in finance and program departments to improve compliance and establish better internal controls for timely report submissions.

Finding Text

Finding 2022-001: Untimely Submission of Quarterly Reports Identification of Federal Program: Education Stabilization Fund CARES Act: Higher Education Emergency Relief Fund (HEERF) Assistant Listing No: 84.425E and 84.425F Federal Award Year: 2022 Finding Type: Noncompliance Compliance Requirement: Reporting Criteria Based on the HEERF reporting compliance requirements, institutions are required to update their quarterly public reporting for both institutional aid and student aid no later than 10 days after the end of each calendar quarter. Condition and Context For a sample of 2 quarterly reports selected for testing (3rd quarter and 4th quarter of 2022), the Organization submitted both reports eleven (11) days after the end of each calendar quarter. The sample was not intended to be, and was not a statistically valid sample. Cause Due to administrative oversight, the Organization updated the quarterly reports one day late. Effect or Potential Effect The Organization is not in compliance with the timeliness of reporting requirements of the funding agency. Funds may be held or not disbursed timely from the funding source due to the late filing of reports. Questioned Costs None Recommendation The Organization should evaluate its finance and program department and increase resources as necessary to aid in compliance and implement stronger processes and internal controls to facilitate timely filings of reports. Views of Responsible Officials Internal controls have been strengthened to ensure timely filings of the reports.

Corrective Action Plan

Finding Number - 2022-001 Planned Corrective Action - Internal controls have been strengthened to ensure timely filings of the reports. Anticipated Completion Date - Complete Responsible Contact Person - Elizabeth Mbakaya, CFO of New Community Corporation (Managing Agent)

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 19949 2022-003
    Significant Deficiency
  • 19950 2022-001
    -
  • 19951 2022-003
    Significant Deficiency
  • 19952 2022-002
    Material Weakness
  • 19953 2022-003
    Significant Deficiency
  • 19954 2022-003
    Significant Deficiency
  • 596390 2022-001
    -
  • 596391 2022-003
    Significant Deficiency
  • 596392 2022-001
    -
  • 596393 2022-003
    Significant Deficiency
  • 596394 2022-002
    Material Weakness
  • 596395 2022-003
    Significant Deficiency
  • 596396 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $351,904
84.425 Education Stabilization Fund $226,498
84.268 Federal Direct Student Loans $135,769
93.558 Temporary Assistance for Needy Families $126,278
14.252 Section 4 Capacity Building for Community Development and Affordable Housing $19,536
97.024 Emergency Food and Shelter National Board Program $17,666