Finding 20080 (2022-001)

- Repeat Finding
Requirement
I
Questioned Costs
-
Year
2022
Accepted
2023-02-26
Audit: 18679
Organization: Loyola Marymount University (CA)

AI Summary

  • Core Issue: Suspension and debarment checks were not performed for two procurements totaling $313,500 before using federal funds, despite prior corrective actions taken in December 2021.
  • Impacted Requirements: Compliance with 2 CFR 180.220, which mandates checks for transactions over $25,000.
  • Recommended Follow-Up: Management should ensure timely suspension and debarment checks are consistently performed as per the updated policies established in December 2021.

Finding Text

Finding 2022-001 ? Suspension and Debarment Verification Federal Awarding Agency: Department of Education Award Name: COVID-19 ? Education Stabilization Fund ? Institutional Portion Award Number: ED-GRANTS-042120-004 Award Year: June 1,2021 - May 31,2022 Assistant Listing Title: HEERF Institutional Portion Assistant Listing Number: 84.425F Pass-through entities: Not applicable Criteria Per 2 CFR 180.220, suspension and debarment checks are required to be performed for covered transactions that equal or exceed $25,000. Condition As discussed in the Summary Schedule of Prior Audit Findings and Status, we identified a finding in fiscal year 2021 related to suspension and debarment checks not being performed in advance of making the determination to seek reimbursement of an expenditure with federal funding. In December 2021, management took corrective actions to address the finding. During fiscal year 2022, we selected five of the University?s procurements which equalled or exceeded the covered transaction threshold. Two samples totaling $313,500 which were purchased prior to December 2021 had no documentation to evidence that a suspension and debarment check was performed prior to utilizing federal funding to reimburse the University for the expenditure. No exceptions were noted related to the three samples that were made during the period of time after management?s corrective actions were taken in December 2021. Cause The University has a process to ensure that suspension and debarment verifications are performed for expenditures that will be reimbursed by federal award funding within the Office for Research & Sponsored Projects. However, at the time these procurements were made, the decision to utilize federal award funding to reimburse the University for the expenditures had not been made. As a result, these procurements were made through the University?s standard operational procurement process, and suspension and debarment procedures were not performed. Effect Procurements could be improperly entered into with vendors that are suspended or debarred. In the case above, the entities were not found to be suspended or debarred at the time of testing. Questioned Costs None noted. Recommendation We recommend management continue to ensure suspension and debarment checks are performed on a timely basis consistent with the policies and procedures implemented in December 2021. Management?s Corrective Action Plan Management?s response is reported on ?Management?s Views and Corrective Action Plan? at the end of this report.

Corrective Action Plan

Finding 2022-001 ? Suspension and Debarment Verification Federal Awarding Agency: Department of Education Award Name: COVID-19 ? Education Stabilization Fund ? Institutional Portion Award Number: ED-GRANTS-042120-004 Award Year: June 1, 2021 - May 31, 2022 Assistant Listing Title: HEERF Institutional Portion Assistant Listing Number: 84.425F Pass-through entities: Not applicable Corrective Action Plan As this finding was discovered as part of testing for the fiscal year 2021 audit, management implemented procedural changes as of December 2021 to include suspension and debarment procedures in advance of making the determination to seek reimbursement of an expenditure with federal funding. Given this implementation was done halfway through the year, management subsequently performed the required procedures noting the vendors were not suspended or debarred at the time of the transactions or time of testing. The above action was completed in December 2021, and no exceptions were noted by PwC subsequent to that date. Contact Person: Aida Shadfan, Vice President of Finance and University Controller Aida.shadfan@lmu.edu

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $98.34M
84.425F Education Stabilization Fund $9.42M
84.425E Education Stabilization Fund $8.45M
84.038 Federal Perkins Loan Program $5.64M
84.063 Federal Pell Grant Program $4.81M
84.033 Federal Work-Study Program $1.46M
84.007 Federal Supplemental Educational Opportunity Grants $603,838
47.083 Integrative Activities $515,789
16.582 Crime Victim Assistance/discretionary Grants $368,453
84.042A Trio_student Support Services $302,442
84.217A Trio_mcnair Post-Baccalaureate Achievement $297,461
84.220A Centers for International Business Education $288,809
84.365Z English Language Acquisition State Grants $260,759
84.047M Trio_upward Bound $255,947
84.047A Trio_upward Bound $221,587
16.746 Capital Case Litigation Initiative $190,051
16.820 Postconviction Testing of Dna Evidence to Exonerate the Innocent $132,044
12.900 Language Grant Program $118,525
47.076 Education and Human Resources $114,047
93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research $99,379
47.074 Biological Sciences $56,122
93.859 Biomedical Research and Research Training $55,427
84.367A Improving Teacher Quality State Grants $44,801
47.050 Geosciences $37,349
93.273 Alcohol Research Programs $33,641
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $30,176
45.313 Laura Bush 21st Century Librarian Program $19,301
10.699 Partnership Agreements $4,934