Finding 253 (2023-002)

Significant Deficiency Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2023-10-11

Audit: 493

Organization: Morrison Institute of Technology (IL)

Auditor: Winkel Parker & Foster CPA PC

AI Summary

Core Issue: One out of four quarterly reports was not verifiably posted on time, raising compliance concerns.
Impacted Requirements: Timely public reporting of grants under the Education Stabilization Fund is mandated within 10 days after each quarter.
Recommended Follow-Up: Implement controls to ensure all quarterly reports are documented and posted on time to meet grant requirements.

Finding Text

Criteria - Quarterly public reporting for grants received under the Education Stabilization Fund are required to be posted to the Institute’s primary website no later than 10 days after the end of each calendar quarter. Condition - The Institute provided support to show that 3 of 4 quarterly reports selected for testing were posted to their website within 10 days after the end of the calendar quarter. The Institute stated that 1 of the 4 quarterly reports was posted timely; however, the Institute was unable to provide information to show the date of the posting to their website. At the time of the audit, all reports were posted on the Institute’s website. Effect - As a result of this condition, auditors were not able to determine if the required information was provided to the public timely and therefore, unable to determine if the Institute was in compliance with the grant requirements. Cause - Documentation supporting the date the quarterly report was posted to the Institute’s website was not maintained. Recommendation - We recommend that the Institute establish controls and procedures to ensure quarterly reporting is posted timely in accordance with the grant requirements. Response - Documentation of grant reporting will be maintained in multiple locations for future grant programs. Quarterly reporting is completed for the Education Stabilization Fund. The funds have been expended and the programs are in the closeout process. Conclusion - Response accepted.

Corrective Action Plan

Condition - The Institute provided support to show that 3 of 4 quarterly reports selected for testing were posted to their website within 10 days after the end of the calendar quarter. The Institute stated that 1 of the 4 quarterly reports was posted timely; however, the Institute was unable to provide information to show the date of the posting to their website. At the time of the audit, all reports were posted on the Institute’s website. Corrective Action Plan - Documentation of grant reporting will be maintained in multiple locations for future grant programs. Quarterly reporting is completed for the Education Stabilization Fund. The funds have been expended and the programs are in the closeout process. Contact Person, Title and Phone Number - Scott Connelly, Vice President of Academics, Director of Career and Student Services, (815)-772-7218, Ext. 215 Anticipated Completion Date - August 1, 2023

Other Findings in this Audit

249 2023-001

Significant Deficiency
250 2023-001

Significant Deficiency
251 2023-001

Significant Deficiency
252 2023-001

Significant Deficiency
254 2023-002

Significant Deficiency Repeat
255 2023-002

Significant Deficiency Repeat
576691 2023-001

Significant Deficiency
576692 2023-001

Significant Deficiency
576693 2023-001

Significant Deficiency
576694 2023-001

Significant Deficiency
576695 2023-002

Significant Deficiency Repeat
576696 2023-002

Significant Deficiency Repeat
576697 2023-002

Significant Deficiency Repeat

Programs in Audit

ALN	Program Name	Expenditures
84.268	Federal Direct Student Loans	$649,553
84.063	Federal Pell Grant Program	$112,716
84.007	Federal Supplemental Educational Opportunity Grants	$22,245
84.033	Federal Work-Study Program	$11,883
84.425	Education Stabilization Fund	$11,668