Finding Text
(1) We found that LU only spent part of HEERF III grant fund for student aid portion, which did not meet the minimum expenditures requirement because ED temporarily had frozen the G5 grant withdrawal account of LU. (2) We found that LU did not fully expend its HEERF III grant funds within one year from the date of award of this grant. The amount of $41,114 was remained unused because the G5 platform was temporarily frozen by ED. Therefore, LU had not submitted the 2021 annual report to ED and had not posted a couple of quarterly reports in a timely fashion at their website for HEERF grant. LU has been notified by ED to replenish the required annual reports for calendar year 2021 and 2022.