Finding Text
2020-012 Special Reporting
FALN Number: 84.007
Program or Cluster Name: Federal Work-Study Program / Federal Supplemental Educational Opportunity Grants (Student Financial Assistance Cluster)
Agency: U.S. Department of Education
Condition: The FISAP report for the 2019-2020 award year and the application for the 2021-2022 award year was submitted online by November 2, 2020, however the signature was not submitted until February 25, 2021. In addition, we noted multiple inaccuracies in the data reported on the initial FISAP report. Per inquiry of the Director of Financial Aid, corrections were made, however the corrected FISAP report was not provided, therefore we were unable to determine if the corrected FISAP was completed accurately. In addition, per inquiry of the Director of Financial Aid, there was no subsequent review of the FISAP report prior to the initial or revised submission.
Status: During and leading up to the closure of the College there was a significant amount of transactions being recorded while the finance function was being transitioned to outside consultants. This led to review processes regarding financial compliance and reporting not functioning. In addition, with the closure of the College, management lost access to various software and reporting systems. Maintenance of proper records in paper form were not kept by management nor was the data downloaded from the software prior to access being disabled. As such, the correction of the finding could not be verified. See current year finding 2021-002.