Finding Text
Condition: The College did not fully comply with the requirements outlined in the award that requires funds to be disbursed within 3 days of the drawdown from G5. The College follows the cash basis of accounting as described in the footnotes to the schedule of expenditures of federal awards, and during the year, it charged $116,037 prior to drawdown and $83,561 subsequent to drawdown. Criteria: CRRSAA HEERF II and ARP HEERF II require that Institutional Aid Portions should be disbursed within 3 calendar days of the drawdown from G5. Cause: Personnel were not fully aware of the timeframe required for funds to be spend under the award agreement. Effect: The College was not in compliance with the Cash Management compliance requirement. Questioned costs: Not Applicable. Recommendation: The College should take action to ensure staff are trained to be knowledgeable of all requirements under federal awards it receives. Views of Responsible Officials and Planned Corrective Actions: Management agrees with this finding.