Finding Text
Federal Agency: U.S. Department of Education
Federal Program Name: Student Financial Assistance Cluster
Assistance Listing Number 84.007 – Federal Supplemental Educational Opportunity Grants
84.033 – Federal Work-Study Program
84.038 – Federal Perkins Loan Program
Award Period: July 1, 2022 to June 30, 2023
Type of Finding:
• Significant Deficiency in Internal Control over Compliance
• Other Matters
Criteria or Specific Requirement: No documentation of review as it relates to Federal Work Study, Perkins, and Supplemental Education Opportunity Grants.
Condition: During testing we noted there is no formalized process of Federal Work Study, Supplemental Education Opportunity Grants, and Perkins reconciliations.
Questioned Costs: None
Context: During our testing, it was noted there is no formalized process of Federal Work Study, Supplemental Education Opportunity Grants, and Perkins reconciliations.
Cause: Management could incorrectly have amounts of their Federal Work Study, Supplemental Education Opportunity Grants, and Perkins at year-end.
Effect: The College is not in compliance with Department of Education requirements.
Repeat Finding: No
Auditor’s Recommendation: We recommend the College implements a formalized yearly reconciliation of Federal Work Study, Perkins, and Supplemental Education Opportunity Grants.
Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.