Finding 384715 (2023-002)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-26

AI Summary

  • Core Issue: The College failed to report the required URL for refund processing information to the Department of Education.
  • Impacted Requirements: This oversight indicates a material weakness in internal controls over compliance with federal reporting requirements.
  • Recommended Follow-Up: Ensure the URL is reported promptly and review all reporting processes to stay compliant with future requirements.

Finding Text

Finding Reference: 2023-002 Federal Agency: U.S. Department of Education Federal Program: Student Financial Aid Cluster Compliance Requirement: Reporting Type of Finding: Material Weakness in Internal Control over Compliance and Noncompliance Criteria: Institutions are required to report the website (URL) to the Department of Education that explains where students can obtain information concerning the outside organization that is processing refunds for the institution. This is published in the cash management contracts database. Statement of Condition: The URL noted above was not reported to the Department of Education for publication in the cash management contracts database. Statement of Cause: The College was not aware of this reporting requirement. Possible Asserted Effect: The College is not in compliance with reporting required to the Department of Education. Questioned Costs: None noted. Context: N/A Recommendation: We recommend that the College ensure the URL is reported to the Department of Education for publication in the cash management contracts database. Additionally, we recommend the College review reporting requirements and processes to ensure any new requirements are addressed in a timely fashion. Views of Responsible Officials and Planned Corrective Actions: Management acknowledges and agrees with the findings. On February 15, 2024 HACC filed its contract URL with the Department of Education per 34 CFR 668.164(e)(2)(viii).

Categories

Cash Management Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 384712 2023-001
    Material Weakness Repeat
  • 384713 2023-002
    Material Weakness
  • 384714 2023-001
    Material Weakness Repeat
  • 384716 2023-001
    Material Weakness Repeat
  • 384717 2023-002
    Material Weakness
  • 384718 2023-001
    Material Weakness Repeat
  • 384719 2023-002
    Material Weakness
  • 961154 2023-001
    Material Weakness Repeat
  • 961155 2023-002
    Material Weakness
  • 961156 2023-001
    Material Weakness Repeat
  • 961157 2023-002
    Material Weakness
  • 961158 2023-001
    Material Weakness Repeat
  • 961159 2023-002
    Material Weakness
  • 961160 2023-001
    Material Weakness Repeat
  • 961161 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $28.62M
84.063 Federal Pell Grant Program $17.55M
84.048 Career and Technical Education -- Basic Grants to States $1.14M
84.007 Federal Supplemental Educational Opportunity Grants $972,360
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $481,011
93.558 Temporary Assistance for Needy Families $331,492
97.025 National Urban Search and Rescue (us&r) Response System $272,337
93.434 Every Student Succeeds Act/preschool Development Grants $262,193
84.425 Education Stabilization Fund $215,746
84.033 Federal Work-Study Program $108,134
84.002 Adult Education - Basic Grants to States $64,243
47.076 Education and Human Resources $40,557
17.245 Trade Adjustment Assistance $29,383
94.006 Americorps $17,969