Finding 30995 (2022-008)

Significant Deficiency
Requirement
N
Questioned Costs
$1
Year
2022
Accepted
2023-03-30
Audit: 30350
Organization: Northern New Mexico College (NM)

AI Summary

  • Core Issue: The College lacks effective controls over Title IV fund management, leading to discrepancies in student enrollment dates and failure to return funds.
  • Impacted Requirements: Noncompliance with federal regulations regarding timely return of unearned aid and accurate enrollment data, risking significant questioned costs.
  • Recommended Follow-Up: Implement policies and procedures to ensure timely returns of Title IV funds and accurate enrollment data entry in Banner.

Finding Text

2022-008 ? Special Tests and Provisions ? Return of Title IV Funds ? Significant Deficiency Federal Program Information Funding Agency: U.S. Department of Education Federal Award Agreement Number: Not Applicable Award Year: All Title: Student Financial Assistance Cluster Assistance Listing Number: 84.007, 84.033, 84.063, and 84.268 Pass-through Agency: Not Applicable, Direct Program Pass-through Identification Number: Not Applicable, Direct Program Condition - The College does not have effective controls over this compliance requirement, which resulted in four students out of five tested having enrollment dates not matching in two different areas in Banner (SFAWDRL and ROAENRL), and 2 out of 5 students tested did not have professors update the last attendance date. In addition, one of five students tested had an amount due of $594.38 for the school to return to ED, which was not listed in Banner as paid back. Criteria - Per Title 2 US Code of Federal Regulations Part 200.303a, non-federal entity must establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in ?Standards for Internal Control in the Federal Government? issued by the Comptroller General of the United States or the ?Internal Control Integrated Framework?, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Per Title 34 US Code of Federal Regulations Part 668.173 Refund reserve standards (b) timely return of title IV funds, no later than 45 days after the date it was determined the student withdrew. Per Title 34 US Code of Federal Regulations Part 668.22(g), the institution must return the amount of unearned aid they are responsible as calculated and Title 2 US Code of Federal Regulations Part 668.22(j) timeframe for the return of title IV funds as soon as possible but no later than 45 days after the date the institution determined the student withdrew. Questioned Costs - $594.38 of known questioned costs and $5,867 of likely questioned costs. Effect - Failure to return title IV funds which the College was responsible for could result in noncompliance with the Refund Reserve standards of 34 CFR 668.176. Failure to return Title IV funds which the College was responsible for could result in noncompliance with the Refund Reserve standards of 34 CFR 668.176. In addition the risk of inaccurate calculation increases when enrollment data entry is inaccurately recorded.Cause ? The College is not implementing policy and procedures for the institution?s return of unearned aid timely and the enrollment dates are not consistent in Banner.

Categories

Questioned Costs Matching / Level of Effort / Earmarking Special Tests & Provisions Student Financial Aid Significant Deficiency

Other Findings in this Audit

  • 30920 2022-011
    Significant Deficiency
  • 30921 2022-012
    Material Weakness
  • 30922 2022-013
    Significant Deficiency
  • 30923 2022-010
    Material Weakness
  • 30924 2022-011
    Significant Deficiency
  • 30925 2022-012
    Material Weakness
  • 30926 2022-013
    Significant Deficiency
  • 30927 2022-010
    Material Weakness
  • 30928 2022-011
    Significant Deficiency
  • 30979 2022-012
    Material Weakness
  • 30980 2022-013
    Significant Deficiency
  • 30981 2022-010
    Material Weakness
  • 30982 2022-011
    Significant Deficiency
  • 30983 2022-012
    Material Weakness
  • 30984 2022-013
    Significant Deficiency
  • 30985 2022-010
    Material Weakness
  • 30986 2022-011
    Significant Deficiency
  • 30987 2022-012
    Material Weakness
  • 30988 2022-013
    Significant Deficiency
  • 30989 2022-009
    Significant Deficiency Repeat
  • 30990 2022-009
    Significant Deficiency Repeat
  • 30991 2022-009
    Significant Deficiency Repeat
  • 30992 2022-007
    Material Weakness Repeat
  • 30993 2022-008
    Significant Deficiency
  • 30994 2022-007
    Material Weakness Repeat
  • 30996 2022-007
    Material Weakness Repeat
  • 30997 2022-008
    Significant Deficiency
  • 30998 2022-007
    Material Weakness Repeat
  • 30999 2022-008
    Significant Deficiency
  • 31000 2022-007
    Material Weakness Repeat
  • 31001 2022-008
    Significant Deficiency
  • 37998 2022-010
    Material Weakness
  • 607362 2022-011
    Significant Deficiency
  • 607363 2022-012
    Material Weakness
  • 607364 2022-013
    Significant Deficiency
  • 607365 2022-010
    Material Weakness
  • 607366 2022-011
    Significant Deficiency
  • 607367 2022-012
    Material Weakness
  • 607368 2022-013
    Significant Deficiency
  • 607369 2022-010
    Material Weakness
  • 607370 2022-011
    Significant Deficiency
  • 607421 2022-012
    Material Weakness
  • 607422 2022-013
    Significant Deficiency
  • 607423 2022-010
    Material Weakness
  • 607424 2022-011
    Significant Deficiency
  • 607425 2022-012
    Material Weakness
  • 607426 2022-013
    Significant Deficiency
  • 607427 2022-010
    Material Weakness
  • 607428 2022-011
    Significant Deficiency
  • 607429 2022-012
    Material Weakness
  • 607430 2022-013
    Significant Deficiency
  • 607431 2022-009
    Significant Deficiency Repeat
  • 607432 2022-009
    Significant Deficiency Repeat
  • 607433 2022-009
    Significant Deficiency Repeat
  • 607434 2022-007
    Material Weakness Repeat
  • 607435 2022-008
    Significant Deficiency
  • 607436 2022-007
    Material Weakness Repeat
  • 607437 2022-008
    Significant Deficiency
  • 607438 2022-007
    Material Weakness Repeat
  • 607439 2022-008
    Significant Deficiency
  • 607440 2022-007
    Material Weakness Repeat
  • 607441 2022-008
    Significant Deficiency
  • 607442 2022-007
    Material Weakness Repeat
  • 607443 2022-008
    Significant Deficiency
  • 614440 2022-010
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $2.03M
84.425 Covid-19 Higher Education Emergency Relief Fund-Student Aid Portion $1.71M
84.425 Covid-19 Higher Education Emergency Relief Fund-Institutional Portion $1.38M
84.031 Higher Education Institutional Aid $944,439
84.149 Migrant Education College Assistance Migrant Program $416,392
84.141 Migrant Education High School Equivalency Program $378,027
84.047 Trio-Upward Bound $293,217
93.859 Biomedical Research and Research Training $152,114
84.268 Federal Direct Student Loans-Unsubsidized $151,771
84.268 Federal Direct Student Loans-Subsidized $143,289
84.007 Federal Supplemental Education Opportunitygrant $142,902
84.425 Covid-19 Higher Education Emergency Relief Fund-Minority Servinginstitutions Portion $121,532
47.050 Geosciences $85,207
84.066 Trio_educational Opportunity Centers $72,318
84.048 Career and Technical Education -- Basic Grants to States $71,679
84.002 Adult Education - Basic Grants to States $67,633
84.033 Federal Work Study Program $48,682
47.076 Education and Human Resources $16,739
12.598 Centers for Academic Excellence $4,493