Finding Text
Finding 2023-003
Federal Assistance Listing Number: 84.425
Subprogram Number(s): 84.425F
Federal Agency: U.S. Department of Education
Program Name: Education Stabilization Fund
Type(s) of Compliance Requirements: Cash Management
Type of Finding: Noncompliance
Criteria: Entities must minimize the time elapsing between the transfer of funds from the federal
awarding agency and the disbursement of funds by the entity.
Condition: The College withdrew all funds remaining in the G5 grants system, and had a balance of
unspent funds at August 31, 2023.
Cause: The College withdrew all funds remaining under each award as of December 21, 2021 with
the understanding that the funds were expiring as of December 31, 2021.
Effect: The College is noncompliant with the requirements under Cash Management.
Identification of a Repeat Finding: 2022-006
Recommendation: We recommend that the College develop and implement procedures to ensure
that federal funds are administered in accordance with program compliance requirements.