FAC Explorer

Finding 42272 (2022-002)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-02-26
Audit: 41417
Organization: Catawba College (NC)
Auditor: Cherry Bekaert LLP

AI Summary

  • Core Issue: The College failed to timely post several quarterly HEERF reports on its website, despite submitting them to the Department of Education.
  • Impacted Requirements: Compliance with public reporting requirements for HEERF, specifically the 10-day posting rule after each calendar quarter.
  • Recommended Follow-Up: Implement a process to ensure all quarterly reports are posted on the website within the required timeframe.

Finding Text

Finding 2022-002 ? Higher Education Emergency Relief Fund (HEERF)- Institutional Portion, CFDA# 84.425F and Student Aid Portion, CFDA# 84.425E Compliance Requirement: Reporting - Special Reporting Criteria: The College was required to submit quarterly reports to the Department of Education and post them to their website no later than 10 days after the end of each calendar quarter for both the institution and the student portion of HEERF. Condition: The College submitted their quarterly reports to the Department of Education but did not timely post several of the quarterly report to the website for the year ended May 31, 2022. Cause: The College was aware of the requirements for reporting and submitted all required quarterly reports to the Department of Education but erroneously missed timely posting of several reports to their website for the year ended May 31, 2022. Context: The College did not post several quarterly reports timely. Effect: The College did not comply with the public reporting requirements of the program; however, quarterly reports were completed. Recommendation: The College should put in place a process to ensure timely posting of the quarterly reports to the public website going forward. Management Response: The College concurs with this finding. See corrective action plan for additional information.

Corrective Action Plan

Finding 2022-002: The College submitted their quarterly reports to the Department of Education but did not timely post several of the quarterly report to the website for the year ended May 31, 2022. Management?s Response: The College submitted all reporting to the Department of Education and other federal agencies. Due to transition of personnel, mentioned in the first finding, as well as the transition of the college?s website, a minimum number of reports were not posted within the day requirement or were reposted at a later date due to webpage transitions. In future fiscal years, reports will be posted timely. Contact information: Lauren V. Cox Vice President of Finance and Administration Lvcox21@catawba.edu

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $6.58M
84.425 Education Stabilization Fund $3.36M
84.063 Federal Pell Grant Program $2.07M
84.033 Federal Work-Study Program $118,138
84.007 Federal Supplemental Educational Opportunity Grants $107,372