Finding 376015 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-03-14
Audit: 295035
Organization: Hiram College (OH)
Auditor: Forvis LLP

AI Summary

  • Core Issue: The College failed to submit institutional and student reports on time and did not meet HEERF reporting requirements.
  • Impacted Requirements: Reports were not filed accurately or timely as mandated by 2 CFR Section 200.329(c)(1).
  • Recommended Follow-Up: Review and adhere to U.S. Department of Education guidelines for HEERF reporting to ensure future compliance.

Finding Text

Information on the Federal Program: Education Stabilization Fund, Higher Education Emergency Relief Fund ALN: 84.425F Criteria or Specific Requirement: The institution is responsible for posting institutional and student reports quarterly as well as filing an annual report in an accurate and timely manner (2 CFR Section 200.329(c)(1)). Condition: The institutional and student reports were not submitted timely and/or were not completed in accordance with HEERF reporting requirements. Questioned Costs: None- nonmonetary finding. Context: Based on testing all reports due during the period, all institutional reports were filed late and were not completed fully and accurately with the requirements. Effect: Due to misinterpreting reporting requirements and certain personnel changes, the College did not submit quarterly reports timely and accurately. Cause: The College misinterpreted the reporting requirements related to Higher Education Emergency Relief Funds as well as experienced staff turnover that led to the incompleteness and inaccuracies. Identification as a repeat finding, if applicable – N/A Recommendations: We recommend the College review all instructions issued by the United States Department of Education related to Higher Education Emergency Relief Fund reporting requirements to ensure compliance with reporting requirements and make any adjustments as needed. Views of responsible officials: Management will make necessary revisions to precious reporting. Management will complete and file all past due quarterly and annual a reports accurately and in compliance with all HEERF reporting requirements.

Corrective Action Plan

Corrective Actions Taken or Planned: Management will make necessary revisions to previous reporting. Management will complete and file all past due quarterly and annual reports accurately and in compliance with all HEERF reporting requirements. The fiscal year 2024 annual report will be filed in a timely manner. Anticipated Completion Date: March 31, 2024 Responsible Contact Person: Jacalyn Kovach, AVP Finance/Controller

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $5.13M
81.041 State Energy Program $2.88M
84.038 Federal Perkins Loan Program $2.50M
84.063 Federal Pell Grant Program $1.63M
84.033 Federal Work-Study Program $346,079
84.425 Education Stabilization Fund $270,188
84.007 Federal Supplemental Educational Opportunity Grants $190,959
47.076 Education and Human Resources $33,757