Finding Text
Finding 2023-003: Special Reporting (Repeat Finding)
Federal Program: Student Financial Aid Cluster – Significant Deficiency
Federal Agency: Department of Education
CFDA Number: 84.007, 84.063, 84.268, 84.033
Criteria: The Academy is required to submit the Fiscal Operations Report and Application to Participate (FISAP)
annually to receive funds for the campus-based programs.
Condition: The Academy incorrectly reported the Federal Work Study awards and information on tuition and fees
in the FISAP submitted to the Department of Education.
Questioned Costs: None
Cause: The FISAP was not reconciled and reviewed prior to filing.
Effect: The Academy did not operate in accordance with the special reporting compliance requirement.
Recommendation: The Academy should develop procedures to have the financial aid and financial accounting
information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during
periods of turnover of key personnel.
Views of Responsible Officials: Management agrees with this finding.