Finding 37733 (2022-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-24
Audit: 30445
Organization: Rider University (NJ)

AI Summary

  • Core Issue: The University failed to post one quarterly report on time and did not include all required information in the reports for the HEERF Student Aid Portion.
  • Impacted Requirements: Compliance with Section 18004(e) of the CARES Act and subsequent reporting requirements from the U.S. Department of Education.
  • Recommended Follow-Up: Establish a system to ensure timely posting and accuracy of reports to meet compliance standards.

Finding Text

Higher Education Emergency Relief Fund (HEERF) Student Aid Portion Reporting Federal Agency: U.S. Department of Education Federal Program Name: Higher Education Emergency Relief Fund ? Student Aid Portion Assistance Listing Number: 84.425E Award Period: 7/1/2021 ? 6/30/2022 Type of Finding: Significant Deficiency in Internal Control Over Compliance, Reporting Criteria or specific requirement: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES) directs institutions receiving funds under Section 18004 of CARES to submit (in a time and manner required by the U.S. Department of Education (ED)), a report describing the use of funds distributed from the Higher Education Emergency Relief Fund (HEERF). The ED published additional information that described the public reporting requirements for emergency financial aid grants to students which extended this requirement to funds received under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) and American Rescue Plan (ARP). In addition to posting information within 10 days after the end of each calendar quarter, the following information must appear in a format and location that is easily accessible to the public: 1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used the applicable amount of funds designated under the CARES, CRRSAA and/or ARP (the programs) programs to provide emergency financial aid grants to students. 2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution?s Certification and Agreement for Emergency Financial Aid Grants to Students under the programs. 3. The total amount of Emergency Financial Aid Grants distributed to students under the programs as of the date of submission (i.e., as of the initial report and every calendar quarter thereafter). 4. The estimated total number of students at the institution that are eligible to receive Emergency Financial Aid Grants to Students under the programs. 5. The total number of students who have received an Emergency Financial Aid Grant to students under the programs. 6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under programs. 7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants. Condition: During our testing of the quarterly public reports for the student aid portion, we noted the University did not post one student quarterly report to their website timely and did not include all required information within the reports. Questioned costs: None. Context: During our testing of the quarterly public reports for the student aid portion, we note: ? In our sample of 2 quarterly public reports tested, 1 report was not published to the University?s website within the required timeframe. ? In our sample of 2 quarterly public reports tested, both reports did not include item number 5 above. ? In our sample of 2 quarterly public reports tested, 1 report (quarter ending December 31, 2021) did not include all the data through the end of the quarter reporting period. Cause: The University did not have procedures in place to ensure reports were being posted to the website on a timely basis or that they included the required information. Effect: Quarterly report was not posted timely to the website and/or did not include the required information resulting in the University being out of compliance with ED reporting guidelines. Repeat finding: No. Recommendation: We recommend the University establish a system to review reports for accuracy as well as ensure timely posting in accordance with applicable reporting requirements. Views of responsible officials: Management agrees with the finding and has developed a plan to correct the finding.

Corrective Action Plan

Higher Education Emergency Relief Fund ? Student Aid Portion? Assistance Listing No. 84.425E Recommendation: We recommend the University establish a system to review reports for accuracy as well as ensure timely posting in accordance with applicable reporting requirements. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The University has established a calendar reminder to ensure the report is completed and posted in a timely manner. Name(s) of the contact person(s) responsible for corrective action: Miranda Cole, Director of Financial Aid Planned completion date for corrective action plan: 3/23/2023

Categories

Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 37722 2022-005
    Significant Deficiency
  • 37723 2022-004
    Significant Deficiency
  • 37724 2022-002
    Significant Deficiency Repeat
  • 37725 2022-005
    Significant Deficiency
  • 37726 2022-002
    Significant Deficiency Repeat
  • 37727 2022-004
    Significant Deficiency
  • 37728 2022-005
    Significant Deficiency
  • 37729 2022-004
    Significant Deficiency
  • 37730 2022-001
    Significant Deficiency Repeat
  • 37731 2022-004
    Significant Deficiency
  • 37732 2022-005
    Significant Deficiency
  • 614164 2022-005
    Significant Deficiency
  • 614165 2022-004
    Significant Deficiency
  • 614166 2022-002
    Significant Deficiency Repeat
  • 614167 2022-005
    Significant Deficiency
  • 614168 2022-002
    Significant Deficiency Repeat
  • 614169 2022-004
    Significant Deficiency
  • 614170 2022-005
    Significant Deficiency
  • 614171 2022-004
    Significant Deficiency
  • 614172 2022-001
    Significant Deficiency Repeat
  • 614173 2022-004
    Significant Deficiency
  • 614174 2022-005
    Significant Deficiency
  • 614175 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $28.51M
84.063 Federal Pell Grant Program $5.66M
84.038 Federal Perkins Loan Program $3.26M
84.033 Federal Work-Study Program $675,110
84.007 Federal Supplemental Educational Opportunity Grants $514,966
84.042 Trio_student Support Services $292,700
84.217 Trio_mcnair Post-Baccalaureate Achievement $201,265
84.425 Education Stabilization Fund $176,710
47.070 Computer and Information Science and Engineering $43,110
81.049 Office of Science Financial Assistance Program $28,376
47.076 Education and Human Resources $14,516
66.605 Performance Partnership Grants $10,644
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,073
45.024 Promotion of the Arts_grants to Organizations and Individuals $5,878
47.050 Geosciences $5,283
94.005 Americorps Education Awards $1,343