Finding 21236 (2022-001)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-05-09

AI Summary

  • Core Issue: The College lacks a formal review process for cash drawdowns from the G5 system, leading to potential compliance risks.
  • Impacted Requirements: This finding relates to the requirement for internal controls under Uniform Guidance 2 CFR 200.303, which mandates compliance with federal laws and regulations.
  • Recommended Follow-Up: Implement a system where different individuals review and sign off on cash drawdowns to enhance oversight and compliance.

Finding Text

2022-001 Cash Management Federal agency: U.S Department of Education Federal program title: Higher Education Emergency Relief Fund Assistant Listing Number: 84.425E / 84.425F Federal Award Identification Number: P425E203569 / P425F203111 Award Period: July 1, 2021 to June 30, 2022 Type of Finding: ? Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per Uniform Guidance 2 CFR 200.303, non-Federal entities receiving Federal awards are required to establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations and program compliance requirements. The College is required to have proper established controls over its cash management process related to cash drawdowns from the G5 system. Condition and Context: The College did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: The College did not properly implement internal control procedures over cash management procedures pertaining to its cash drawdowns from the G5 system. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: No. Recommendation: We recommend the College implement controls related to cash management that designates a different reviewer and signer of drawdowns that occur within a given year. Views of responsible officials and management?s response: The College agrees with the finding.

Categories

Cash Management Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 21235 2022-001
    Significant Deficiency
  • 597677 2022-001
    Significant Deficiency
  • 597678 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.048 Career and Technical Education -- Basic Grants to States $799,899
84.425 Education Stabilization Fund $670,056
94.016 Senior Companion Program $386,536
94.011 Foster Grandparent Program $280,069
84.007 Federal Supplemental Educational Opportunity Grants $237,766
17.259 Wia Youth Activities $160,628
84.033 Federal Work-Study Program $148,124
14.850 Public and Indian Housing $74,000
84.002 Adult Education - Basic Grants to States $65,210
94.006 Americorps $46,514
84.042 Trio_student Support Services $43,827
84.268 Federal Direct Student Loans $35,565
84.063 Federal Pell Grant Program $11,950
93.569 Community Services Block Grant $4,978
45.025 Promotion of the Arts_partnership Agreements $4,000
93.575 Child Care and Development Block Grant $1,519
94.002 Retired and Senior Volunteer Program $1,268
93.052 National Family Caregiver Support, Title Iii, Part E $1,265