FAC Explorer

Finding 38866 (2022-006)

Significant Deficiency Repeat Finding
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2023-09-24
Audit: 46564
Organization: Salem Community College (NJ)
Auditor: Bkc CPAS PC

AI Summary

  • Issue: Two students received incorrect Pell Awards due to a software update error.
  • Impact: This resulted in a total under award of $61 for the affected students.
  • Follow-up: The School should enhance procedures to ensure accurate Pell fund calculations and will review current processes.

Finding Text

Type: Internal Control Over Compliance Criteria: Pell awards are calculated by taking into account a student?s status, expected family contribution and cost of attendance. These factors are used in conjunction with the Pell Grant Scheduled Award Chart for the 2021-2022 Award Year. Condition: The incorrect Pell Award was made for two students. Cause: The under award was due to an update error within SCC?s financial aid software Effect: The students were under awarded a total of $61. Recommendation: The School should implement procedures to ensure that the proper Pell funds are awarded. Management?s Response: The School will review their procedures relating to the Pell award calculation process.

Corrective Action Plan

SCC/Student Services/Financial Aid will run a daily/weekly Discrepancy Report File for half-time awards to monitor Pell awards for up to six weeks after awards are made to ensure that students are under awarded.

Categories

Student Financial Aid Internal Control / Segregation of Duties

Other Findings in this Audit

  • 38861 2022-003
    Significant Deficiency Repeat
  • 38862 2022-004
    Significant Deficiency
  • 38863 2022-007
    Significant Deficiency
  • 38864 2022-003
    Significant Deficiency Repeat
  • 38865 2022-005
    Significant Deficiency Repeat
  • 38867 2022-003
    Significant Deficiency Repeat
  • 38868 2022-003
    Significant Deficiency Repeat
  • 615303 2022-003
    Significant Deficiency Repeat
  • 615304 2022-004
    Significant Deficiency
  • 615305 2022-007
    Significant Deficiency
  • 615306 2022-003
    Significant Deficiency Repeat
  • 615307 2022-005
    Significant Deficiency Repeat
  • 615308 2022-006
    Significant Deficiency Repeat
  • 615309 2022-003
    Significant Deficiency Repeat
  • 615310 2022-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.72M
84.268 Federal Direct Student Loans $706,653
84.425 Education Stabilization Fund $384,401
84.048 Career and Technical Education -- Basic Grants to States $118,898
84.007 Federal Supplemental Educational Opportunity Grants $34,099
84.033 Federal Work-Study Program $16,381