Finding Text
Finding 2022-001 - Higher Education Emergency Relief Funds (HEERF) Reporting ALN No.: 84.425E Education Stabilization Fund - Student Aid Portion and 84.425F Education Stabilization Fund - Institutional Portion Award Year: July 1, 2021 - June 30, 2022 Federal Agency: U.S. Department of Education Pass Through Entity: Not applicable Criteria: The U.S. Department of Education (the Department) has issued guidance for the Education Stabilization Funds (ESF) HEERF for quarterly reporting for all sections (a)(1), (a)(2), (a)(3) and (a)(4) that specifies the information to be reported and also that the deadline to submit all quarterly reports, student and institutional, is within 10 days of the end of the calendar quarter. The guidance also required these reports to be publicly posted on the institution's website within 30 days after the publication of the notice or 30 days after the date the Department first obligated the funds under HEERF I, II, or III to the institution for Emergency Financial Aid Grants to Students, whichever comes later. Condition: For three of the four quarters during the year, institutional reports were not completed and submitted and therefore, also not publicly posted to the School's website. For all four quarters of the year, student quarterly reports were not completed and publicly posted to the School's website. The annual report was completed, but not publicly posted to the School's website. Cause: The School noted there was a misunderstanding of the HEERF reporting requirements, as only one draw down occurred for each of the student and institutional expenditures during the year. The drawdowns occurred in the last month of the fiscal year. Effect: The School is out of compliance with the Department's reporting requirements. Questioned Costs: None. Recommendation: The School should ensure it keeps up to date on the Department?s HEERF guidance and ensure that reporting is done accurately and timely. Management Response: Management agrees with the recommendation and plans to post all reports and put in place procedures to remain in compliance with reporting timeliness.