Finding Text
Condition: It was noted during the audit that the amount of Pell awards granted to students was not accurately reported on the College’s annual Fiscal Operations Report and Application to Participate (FISAP). Criteria: Non-federal entities are required to submit the FISAP electronically, on an annual basis, for its campus-based programs to report expenditures in the previous award year. Cause: The Chief Financial Officer reported the incorrect amount of Pell awards disbursed to students. Effect: Inaccurate report was filed. Questioned costs: Not applicable. Views of Responsible Officials and Planned Corrective Actions: The College should establish a procedure that requires a separate review of the FISAP prior to submission. Management’s response: The College agrees with this finding.