Finding Text
2022-002 Agencies: U.S Department of Education Federal Assistance Listing Number: 84.425F Programs: COVID-19-0 Education Stablization Fund, Institutional Criteria: The College is required to post its quarterly institutional funds report on the College?s website no later than 10 days after the end of each calendar quarter (October 10, January 10, April 10, July 10). Statement of Condition: The College?s report for the first calendar quarter of 2022 was not posted to the College?s website within the 10 day requirement. Questioned Costs: The amount of questioned costs could not be determined. Context: The quarterly institutional funds report was not posted prior to the due date. Cause: The first calendar quarter report was not posted by the required due date and was posted in conjuction with the second calendar quarter?s report. Effect: The College was not in compliance with the reporting requirements of the contracts. Recommendation: We recommend management track all reporting due dates related to the contracts and establish policies and timelines within the College?s accounting and finance team to ensure that all reports are submitted by the required due dates. The tracking system used should be available for all necessary employees and training should be included with onboarding of employees. Management Response: The College agrees and concurs with the audit finding. The Business office will review and post any new quarterly HEERF information to the College?s website within the 10 day required time. The College has not received or used HEERF funding in fiscal year 2023. The final quarterly HEERF report was for June 30, 2022.