Finding 390699 (2022-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2024-03-31
Audit: 301387
Auditor: Brown Edwards

AI Summary

  • Core Issue: The Data Collection Form (DCF) was not filed on time with the Federal Audit Clearinghouse due to delays in completing the audit.
  • Impacted Requirements: The DCF must be submitted within 30 days of receiving the auditor's report or nine months after the audit period ends.
  • Recommended Follow-Up: Ensure that audit information is provided promptly to meet future DCF filing deadlines.

Finding Text

2022-002 Lack of timely filing of Data Collection Form to the Federal Audit Clearinghouse (Significant Deficiency) Department of Education, SFA Cluster Criteria: A Single Audit requires the submission of the Date Collection Form (DCF) to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide. Condition: The fiscal year 2021-2022 audit was not completed timely and the DCF was not submitted to the FAC within the required timeline. Cause: Due to staffing challenges in the organization, the University was not able to complete the audit within the required timeline. Effect: The due date for the Single Audit submission was extended six months due to COVID-19. However, the University did complete their audit or submit the required DCF by the deadline of September 30, 2023. Recommendation: We recommend the University provide audit information in a timely manner to ensure timely filing of the Data Collection Form. Management Response: Financial staff noted above are expected to ensure timely filing in the future.

Corrective Action Plan

March 30, 2024 Corrective Action Plan June 30, 2022 Department of Education Virgina University of Lynchburg, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2024 Brown Edwards 3906 Electric Road Roanoke, VA 24018 Audit Period: June 30, 2022. 2022-002 Lack of timely filing of Data Collection Form to the Federal Audit Clearinghouse (Significant Deficiency) Department of Education, SFA Cluster Criteria: A Single Audit requires the submission of the Date Collection Form (DCF) to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide. Condition: The fiscal year 2021-2022 audit was not completed timely and the DCF was not submitted to the FAC within the required timeline. Cause: Due to staffing challenges in the organization, the University was not able to complete the audit within the required timeline. Effect: The due date for the Single Audit submission was extended six months due to COVID-19. However, the University did not complete their audit or submit the required DCF by the deadline of September 30, 2023. Recommendation: We recommend the University provide audit information in a timely manner to ensure timely filing of the Data Collection Form. Management Response: Financial staff noted above are expected to ensure timely filing in the future. Person Responsible: Laura Tucker, D.H.A., Vice President and Chief Operating Officer Contact Information: Phone 424-528-5276, Ext. 111; Email: Ltucker@vul.edu Expected date of correction: April 1, 2024

Categories

Significant Deficiency

Other Findings in this Audit

  • 967141 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.49M
84.425 Education Stabilization Fund $3.72M
84.063 Federal Pell Grant Program $777,137
84.031 Higher Education_institutional Aid $441,155
15.904 Historic Preservation Fund Grants-in-Aid $286,180
84.007 Federal Supplemental Educational Opportunity Grants $26,890
84.033 Federal Work-Study Program $2,376