Finding 24955 (2022-009)

Significant Deficiency
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 25226
Organization: Marian University, Inc. (WI)

AI Summary

  • Core Issue: The University awarded Pell funds to an eligible student but did not disburse the funds during the fiscal year.
  • Impacted Requirements: Compliance with federal criteria for timely disbursement of Pell funds based on valid ISIR submissions.
  • Recommended Follow-Up: Update processes to ensure all awarded Pell funds are disbursed appropriately and timely.

Finding Text

2022 ? 009: Pell Disbursement Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.268 Federal Award Identification Number and Year: P268K222439-2022 Award Period: July 1, 2021 to June 30, 2022 Type of Finding: ? Significant Deficiency in Internal Control over Compliance ? Other Matters Criteria or specific requirement: To disburse Pell funds, the institution must have received a valid ISIR from the central processor by the earlier of the student?s last date of enrollment or the deadline date established by the secretary in a notice published in the Federal Register (the deadline date is normally in the month of September following the end of the award year). Late disbursements of Pell for students that are now ineligible (e.g., no longer enrolled) are allowed if, before the date the student became ineligible, an ISIR or SAR was processed that contained an official EFC. The institution has discretion in disbursing funds within a payment period, but generally must disburse the full amount before the end of the payment period. When making a late disbursement or retroactive payment of Pell for a completed period, an institution determines a student?s enrollment status for the completed period based only on the hours completed by the student for that period (34 CFR 690.76(b)). Condition: The University awarded Pell to an eligible student that did not receive the disbursement during the fiscal year. Questioned costs: There are no questioned costs. Context: We noted one (1) out of forty (40) students selected for eligibility testing, where a student was eligible and awarded a Pell award. The University failed to disburse the award during the fiscal year. Cause: The University?s internal controls failed to detect the Pell awarded and not disbursed. Effect: The University failed to comply with the stated criteria. Repeat Finding: No Recommendation: We recommend that the University update its processes and procedures related to reviewing Pell awarded and not disbursed. Views of responsible officials: There is no disagreement with the audit finding.

Corrective Action Plan

2022-009: Student Financial Aid Cluster ? Assistance Listing No. 84.268 Recommendation: We recommend that the University update its processes and procedures related to reviewing Pell awarded and not disbursed. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The University is completing an internal review of Pell grant recipients to ensure the finding is an isolated instance. Name(s) of the contact person(s) responsible for corrective action: Benjamin Soman Planned completion date for corrective action plan: 05/01/2023

Categories

Eligibility Significant Deficiency

Other Findings in this Audit

  • 24939 2022-002
    Significant Deficiency
  • 24940 2022-003
    Significant Deficiency
  • 24941 2022-008
    Significant Deficiency
  • 24942 2022-002
    Significant Deficiency
  • 24943 2022-003
    Significant Deficiency
  • 24944 2022-008
    Significant Deficiency
  • 24945 2022-003
    Significant Deficiency
  • 24946 2022-002
    Significant Deficiency
  • 24947 2022-008
    Significant Deficiency
  • 24948 2022-010
    Material Weakness
  • 24949 2022-011
    Material Weakness
  • 24950 2022-002
    Significant Deficiency
  • 24951 2022-005
    Significant Deficiency
  • 24952 2022-006
    Material Weakness
  • 24953 2022-007
    Significant Deficiency
  • 24954 2022-008
    Significant Deficiency
  • 24956 2022-010
    Material Weakness
  • 24957 2022-011
    Material Weakness
  • 24958 2022-002
    Significant Deficiency
  • 24959 2022-006
    Material Weakness
  • 24960 2022-008
    Significant Deficiency
  • 24961 2022-004
    Significant Deficiency
  • 24962 2022-004
    Significant Deficiency
  • 601381 2022-002
    Significant Deficiency
  • 601382 2022-003
    Significant Deficiency
  • 601383 2022-008
    Significant Deficiency
  • 601384 2022-002
    Significant Deficiency
  • 601385 2022-003
    Significant Deficiency
  • 601386 2022-008
    Significant Deficiency
  • 601387 2022-003
    Significant Deficiency
  • 601388 2022-002
    Significant Deficiency
  • 601389 2022-008
    Significant Deficiency
  • 601390 2022-010
    Material Weakness
  • 601391 2022-011
    Material Weakness
  • 601392 2022-002
    Significant Deficiency
  • 601393 2022-005
    Significant Deficiency
  • 601394 2022-006
    Material Weakness
  • 601395 2022-007
    Significant Deficiency
  • 601396 2022-008
    Significant Deficiency
  • 601397 2022-009
    Significant Deficiency
  • 601398 2022-010
    Material Weakness
  • 601399 2022-011
    Material Weakness
  • 601400 2022-002
    Significant Deficiency
  • 601401 2022-006
    Material Weakness
  • 601402 2022-008
    Significant Deficiency
  • 601403 2022-004
    Significant Deficiency
  • 601404 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $9.11M
84.063 Federal Pell Grant Program $1.91M
84.038 Federal Perkins Loan Program $902,034
84.042 Trio_student Support Services $257,623
84.047 Trio_upward Bound $229,732
84.425 Education Stabilization Fund $212,715
84.007 Federal Supplemental Educational Opportunity Grants $73,796
84.033 Federal Work-Study Program $58,875
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,543