Finding 34708 (2022-005)

Significant Deficiency

Requirement

Questioned Costs

Year

2022

Accepted

2023-04-02

Audit: 35403

Organization: Sullivan County Community College (NY)

Auditor: Rbt CPAS

AI Summary

Issue: The College failed to disburse grant funds on time, missing the 3 to 15-day requirement.
Impact: This oversight means the College did not comply with cash management rules for federal funding.
Follow-up: Management should review and understand all federal funding requirements to prevent future issues.

Finding Text

Compliance and Internal Control Finding 2022-005 Education Stabilization Fund 84.425 Condition: The College did not make timely disbursement of grant funds. Criteria: The compliance supplement states funds must be disbursed between 3 and 15 days after receipt for the Institutional and Student Aid funding. Cause: The College was unaware of the requirement. Effect: The College did not fully adhere to the cash management compliance requirement. Recommendation: RBT recommends that the management familiarize themselves with all of the federal requirements for all federal funding.

Corrective Action Plan

2022-05 Education Stabilization Fund 84.425 Plan for Remediation: The College had to adapt to new territory and evolving guidelines and compliance requirements related to COVID 19 funding. Moving forward, compliance guidelines will be adhered to for all federal funding received by the Controller and the Vice President for Administrative Services.

Other Findings in this Audit

34709 2022-006

-
34710 2022-007

Significant Deficiency
611150 2022-005

Significant Deficiency
611151 2022-006

-
611152 2022-007

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
84.063	Federal Pell Grant Program	$2.06M
84.425	Education Stabilization Fund	$1.52M
84.268	Federal Direct Student Loans	$1.34M
84.048	Career and Technical Education -- Basic Grants to States	$61,719
84.033	Federal Work-Study Program	$46,052
84.007	Federal Supplemental Educational Opportunity Grants	$45,364