Finding Text
FINDING 2022-007: UNTIMELY REPORTING FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: HIGHER EDUCATION EMERFENCY RELIEF FUNDS ALN#: 84.425E & 84.425F FEDERAL AWARD YEAR: 2021-2022 Compliance Requirement: Reporting (L.) Criteria: As required under the CARES Act Section 18004(e) and clarified under Federal Register August 31, 2020 (85 FR 53802) and the CRRSAA Section 314(e), an Institution must publicly post the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) as of the date of submission and updated every 45 days thereafter (subsequently changed to every quarter) and must publicly post Quarterly Budget and Expenditure Reporting forms every quarter to satisfy the Condition: The Institution was late in publicly posting its Institutional Expenditure reports for the quarters ended December 31, 2021 and March 31, 2022. We will qualify our opinion for this attribute. Cause: The condition was caused by administrative oversights. Effect: The result is that the Department of Education and general public were not made aware of the Institution?s quarterly institutional expenditures in a timely manner. Question Costs: $0 Recommendation: We recommend the Institution increase controls over reporting. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.