FAC Explorer

Finding 384949 (2023-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-26
Audit: 297984
Organization: Central College (IA)
Auditor: Forge Financial & Management Consulting

AI Summary

  • Core Issue: The College reported 10 more students on the FISAP than actually enrolled, leading to significant deficiencies in compliance.
  • Impacted Requirements: The College's review procedures failed to catch the error, resulting in a misreport of 1,168 students.
  • Recommended Follow-Up: The College should enhance its FISAP review processes and ensure additional oversight to validate reported data before submission.

Finding Text

FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.

Categories

Reporting Student Financial Aid Significant Deficiency

Other Findings in this Audit

  • 384942 2023-001
    Significant Deficiency
  • 384943 2023-002
    Significant Deficiency
  • 384944 2023-003
    Significant Deficiency
  • 384945 2023-001
    Significant Deficiency
  • 384946 2023-002
    Significant Deficiency
  • 384947 2023-003
    Significant Deficiency
  • 384948 2023-003
    Significant Deficiency
  • 384950 2023-001
    Significant Deficiency
  • 384951 2023-003
    Significant Deficiency
  • 384952 2023-001
    Significant Deficiency
  • 384953 2023-003
    Significant Deficiency
  • 384954 2023-001
    Significant Deficiency
  • 384955 2023-003
    Significant Deficiency
  • 384956 2023-001
    Significant Deficiency
  • 384957 2023-003
    Significant Deficiency
  • 961384 2023-001
    Significant Deficiency
  • 961385 2023-002
    Significant Deficiency
  • 961386 2023-003
    Significant Deficiency
  • 961387 2023-001
    Significant Deficiency
  • 961388 2023-002
    Significant Deficiency
  • 961389 2023-003
    Significant Deficiency
  • 961390 2023-003
    Significant Deficiency
  • 961391 2023-003
    Significant Deficiency
  • 961392 2023-001
    Significant Deficiency
  • 961393 2023-003
    Significant Deficiency
  • 961394 2023-001
    Significant Deficiency
  • 961395 2023-003
    Significant Deficiency
  • 961396 2023-001
    Significant Deficiency
  • 961397 2023-003
    Significant Deficiency
  • 961398 2023-001
    Significant Deficiency
  • 961399 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.55M
84.038 Federal Perkins Loan Program, Beginning Loan Balance $1.28M
84.063 Federal Pell Grant Program $1.23M
84.047 Trio_upward Bound $1.03M
84.044 Trio_talent Search $452,602
84.042 Trio_student Support Services $344,314
84.007 Federal Supplemental Educational Opportunity Grants $256,322
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $234,210
84.033 Federal Work-Study Program $215,970
47.049 Mathematical and Physical Sciences $79,972
84.425E Education Stabilization Fund $55,804
19.009 Academic Exchange Programs - Undergraduate Programs $27,507