Finding 32206 (2022-001)

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Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-02-20
Audit: 27151
Organization: University of Saint Katherine (CA)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University failed to post required information for two quarters on its website, impacting compliance with federal reporting standards.
  • Impacted Requirements: This oversight violates 2 CFR 200.329, which mandates timely public reporting of educational fund disbursements.
  • Recommended Follow-Up: The University should prioritize posting the missing information on its website promptly to ensure compliance.

Finding Text

Education Stabilization Fund Reporting DEPARTMENT OF EDUCATION ALN #: 84.425E, 84.425F, 84.425L Federal Award Identification #: P425E205020, P425F204249, P425L200637 Condition: The University did not post two quarters of required information on the website during the fiscal year. Criteria: 2 CFR 200.329 Questioned Costs: $-0- Context: The University tracked all expenses on an excel spreadsheet. The institutional quarterly reports included the student disbursements but were not posted on the website for the quarters ended September 30, 2021 and December 31, 2021. The University is in the process of posting these on the website as required. Cause: With transition in staffing, the required reporting was not made. Effect: The University was not in compliance with the reporting requirements of HEERF. Identification as repeat finding, if applicable: not applicable Recommendation: We recommend the University post the required information on the website as soon as possible. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Education Stabilization Fund Reporting Planned Corrective Action: The University is no longer accepting HEERF Funding. 2021 HEERF (reported 2022) has been revised and will be resubmitted March 2023, during the US Department of Education?s submission window. All future applicable reporting will be completed within the required timeframe(s). All required reports will be put on the University?s website. Person Responsible for Corrective Action Plan: Laurel Maguire, Controller Anticipated Date of Completion: March 2023

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.91M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $552,431
84.063 Federal Pell Grant Program $444,629
84.425 Covid-19 Education Stabilization Fund Heerf- Student Aid Portion $387,533
84.425 Covid-19 Education Stabilization Fund Heerf - Minority Serving Institutions $38,058
84.007 Federal Supplemental Educational Opportunity Grants $19,333
84.033 Federal Work-Study Program $16,218