Finding 370260 (2023-002)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-02-23
Audit: 291869
Organization: Albright College (PA)

AI Summary

  • Core Issue: The College inaccurately reported spending from the Education Stabilization Fund in multiple quarterly reports and failed to maintain necessary documentation.
  • Impacted Requirements: The College did not comply with CARES Act reporting criteria, including timely submission and public posting of accurate financial data.
  • Recommended Follow-Up: Assign a dedicated individual to oversee federal award reporting and implement secondary reviews to ensure accuracy and compliance.

Finding Text

Federal Programs: COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (HEERF) and Strengthening Institutions Program (SIP) Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F and 84.425M Federal Award Year: May 31, 2023 Repeat Finding: 2021-002 and 2022-002 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the "final report" box. Additionally, the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. In addition to quarterly public reporting, the College is required to submit an annual report to the Department of Education. Condition/Context: The College did not accurately report the amount of education stabilization fund spent in their June 2022, September 2022, December 2022 and March 2023 quarterly reports submitted during fiscal year 2023. In addition, the College did not maintain supporting documentation to verify the accuracy of the information reported in the 2022 annual report which was submitted to the Department of Education during the 2023 fiscal year. These reports were also not filed or publicly posted timely within the required reporting periods. Cause: The College failed to follow education stabilization fund reporting requirements to ensure information is accurate within the quarterly and annual reports and that these reports were filed timely within the required reporting periods. Effect: The College did not provide the public with accurate and reliable data related to the amount and use of the education stabilization fund spent during the 2022 calendar year and 2023 fiscal year. Questioned Costs: None Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance as well as implement secondary reviews of data reported prior to submission. Views of Responsible Officials and Planned Corrective Actions: The Controller’s Office will learn the reporting compliance requirements, internally compile the data needed to complete accurate reporting and ensuring timely submission. This will include a secondary review of the reporting data prior to submission to ensure accuracy.

Categories

Subrecipient Monitoring Reporting

Other Findings in this Audit

  • 370257 2023-002
    Significant Deficiency Repeat
  • 370258 2023-002
    Significant Deficiency Repeat
  • 370259 2023-003
    -
  • 946699 2023-002
    Significant Deficiency Repeat
  • 946700 2023-002
    Significant Deficiency Repeat
  • 946701 2023-003
    -
  • 946702 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $10.52M
84.038 Federal Perkins Loan Program $4.08M
84.063 Federal Pell Grant Program $3.67M
84.031 Higher Education_institutional Aid $541,752
84.033 Federal Work-Study Program $219,058
84.425 Education Stabilization Fund $210,452
84.007 Federal Supplemental Educational Opportunity Grants $210,226
81.049 Office of Science Financial Assistance Program $49,528
17.245 Trade Adjustment Assistance $26,610