Finding 34276 (2022-011)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-29
Audit: 29056
Organization: Presbyterian College (SC)
Auditor: Bdo USA LLP

AI Summary

  • Core Issue: The College inaccurately reported amounts in the HEERF Year 2 Annual Performance Report, leading to non-compliance with federal reporting requirements.
  • Impacted Requirements: Annual reporting for HEERF II and III, specifically the submission deadline of May 6, 2022, and accurate data collection for accountability.
  • Recommended Follow-Up: Enhance administrative oversight and procedures to ensure accurate reporting in future HEERF reports.

Finding Text

Federal Program Information: Higher Education Emergency Relief Fund (?HEERF?) Student Aid Portion (ALN #84.425E) and Institutional Portion (ALN #84.425F) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): Annual Reporting for HEERF II and III - The HEERF Year 2 Annual Performance Report was required to be submitted to the Department of Education via the Annual Report Data Collection Tool by May 6, 2022 to cover the reporting period January 1, 2021 through December 31, 2021. The Department of Education collected information to provide the public with insight into how funds were used by institutions to support students and educators addressing the impact of COVID-19, and for helping to ensure accountability with respect to federal funds. Condition: Instances were identified where certain amounts reported within the HEERF Year 2 Annual Performance Report were inaccurate. Cause: Lack of administrative oversight with respect to amounts to be input within certain fields of the HEERF Year 2 Annual Performance Report. Effect: The College is not in compliance with HEERF reporting requirements. Questioned Costs: None. Context: The amount of Emergency Financial Aid Grants applied to satisfy student?s outstanding balance was double-counted for the period January 1, 2021 through December 31, 2021, which further resulted in the amount of grants disbursed to students through all HEERF funds to be overstated. Identification as a Repeat Finding: This is a repeat finding of prior year finding 2021-010. Recommendation: We recommend the College enhance its procedures to ensure that the appropriate amounts are reported with each field of required HEERF reports. Views of Responsible Officials and Planned Corrective Actions: When preparing the HEERF Year 2 Annual Performance Report, a question was answered incorrectly due to a misinterpretation of what information the question was requesting. The College will put in place procedures to ensure future HEERF reports are prepared correctly.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants Cluster $58.41M
84.268 Federal Direct Student Loans $17.38M
84.063 Federal Pell Grant Program $1.40M
84.425 Covid-19 Higher Education Emergency Relief Fund (heerf) Student Portion $1.33M
84.425 Covid-19 Higher Education Emergency Relief Fund (heerf) - Institutional Portion $1.33M
97.036 Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters) $326,944
93.859 South Carolina Idea Networks of Biomedical Research Excellence (sc Inbre) - Administrative Core $172,635
84.033 Federal Work-Study Program $114,034
84.007 Federal Supplemental Educational Opportunity Grant $88,750
21.027 Coronavirus State and Local Fiscal Recovery Funds $60,000
93.859 South Carolina Idea Networks of Biomedical Research Excellence (sc Inbre) - Determining the Mechanisms of Heat Shock Protein 90 Regulation of Morphine Tolerance $54,736
47.050 Rui: Characterization and Modeling Space Weather Geomagnetic Fluctuations $29,926
93.859 South Carolina Idea Networks of Biomedical Research Excellence (sc Inbre) - Dna Methylation Patterns of Mammary Stem Cells As An Indicator of Breast Cancer Plasticity $19,642
93.859 South Carolina Idea Networks of Biomedical Research Excellence (sc Inbre) - Administrative Supplement: Epigenetic and Mrna Translational Control Mediated by Adherens Protein Plekha7 $12,300
43.008 Mist 2021: Modeling Magnetic Storms $7,500
43.008 Undergraduate Student Research Award $7,500
84.379 Teacher Education Assistance for College and Higher Education Grants $3,772
43.008 Reap 2021-22: Dissemination of Research on Magnetospheric Ulf Waves $2,000
43.008 Space Grant Campus Director $1,500
84.038 Federal Perkins Loan Program $0