Finding 42688 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-12-11

AI Summary

  • Core Issue: Two HEERF Quarterly Reports for March and June 2022 were not posted on the website by the deadline.
  • Impacted Requirements: Reports must be publicly available within 10 days after each quarter ends.
  • Recommended Follow-Up: Update procedures to include a reminder for the preparer to submit reports to the webmaster.

Finding Text

Quarterly Public Reporting Criteria: Under the Coronavirus Response and Relief Supplemental Appropriations and American Rescue Plan Acts, the Quarterly Budget and Expenditure Reporting forms for Higher Education Emergency Relief Funds (HEERF) I, II, and III must be conspicuously posted on the institution?s primary website no later than 10 days after the end of each calendar quarter (October 10, January 10, April 10, July 10). Condition: The HEERF Quarterly Reports for quarters ended March 31, 2022 and June 30, 2022 were not publicly posted with previously posted quarterly reports when the auditor inspected the University?s primary website on October 20, 2022. Cause and Effect: After forms were completed, the preparer forgot to forward them to the webmaster for public posting. As a result, the two quarterly reports were not posted. Recommendation: Update procedures memo to include this important last step and set a quarterly reminder in calendar to remind preparer to submit to the webmaster. Management Response: We agree with the cause and finding as outlined above. We will implement the recommendations of the auditor to ensure proper controls are in place to timely post the quarterly reports on HEERF spending.

Corrective Action Plan

The finance team has modified its quarterly reporting procedures memo to include the task of submitting the Quarterly Budget and Expenditure Reporting under CARES Act form to the webmaster upon completion. The team has also set calendar reminders to remind staff to submit the form no later than 10 days after the end of each calendar quarter.

Categories

Reporting

Other Findings in this Audit

  • 619130 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.62M
84.063 Federal Pell Grant Program $2.15M
84.425 Education Stabilization Fund $1.34M
84.382 Strengthening Minority-Serving Institutions $190,412
84.033 Federal Work-Study Program $186,698
84.031 Higher Education_institutional Aid $144,496
84.007 Federal Supplemental Educational Opportunity Grants $127,825