Finding 396181 (2023-008)

Internal Control Finding 2023-008 Education Stabilization Fund 84.425 Requirements: (A) Activities Allowed or Unallowed and (B) Allowable Costs Condition: The College could not provide evidence of approval for grant disbursements. The College disbursed amounts to students, but could not demonstrate proper approvals for these disbursements. Criteria: The College is required to implement internal controls to ensure that federal funds are utilized appropriately. Cause: The College’s internal controls and internal control documentation need improvement. Effect: The College cannot demonstrate that the grants disbursements were approved. Repeat Finding: Repeat of 2022-07 Recommendation: RBT recommends that the College develop and document detailed controls over grants. Management’s Response: See corrective action plan.