Finding Text
Criteria: The U.S. Department of Education (ED) directs each institution to publicly post certain information related to the Emergency Financial Aid Grants to students directly on their website. Institutions must publicly post their report no later than 30 days after the publication of the notice or 30 days after the date ED first obligated the funds under HEERF I, II, or III to the institution for Emergency Financial Aid Grants to Students, whichever comes later. The report must be updated no later than 10 days after the end of each calendar quarter (September 30, December 31, March 31, and June 30). The following are identified as critical information for the Quarterly Public Reporting for Student Aid Portion for the CARES (a)(1) subprogram and the CRRSAA and ARP (a)(1) subprograms: 1) the total amount of Emergency Financial Aid Grants distributed to students as of the date of submission for each program, 2) the estimated total number of students at the institution that are eligible to receive Emergency Financial Aid Grants to Students under each program, 3) the total number of students who received an Emergency Financial Aid Grants to students for each program, and 4) the method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under each program. Condition/Context: For the year ended May 31, 2022, the University filed four Quarterly Public Reports for Student Aid Portion. We selected all four reports for testing and noted that three (related to the quarters June 30, 2021, December 31, 2021, and March 31, 2022) were posted to the University?s website after the required posting deadline. Effect: Reporting requirements of the awards were not met timely. Cause: The University did not follow policies and procedures in a timely manner to meet the compliance requirement. Repeat finding: This is not a repeat finding. Recommendation: We recommend that management adopt a timeline based on the information set out in the guidance to ensure that reporting requirements are met.