Finding 47129 (2022-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-29
Audit: 51293
Organization: Coker University (SC)

AI Summary

  • Core Issue: The University did not report status changes for 12 students to the National Student Loan Data System on time.
  • Impacted Requirements: Compliance with Title 2 U.S. CFR Part 200, which mandates timely updates and submissions of enrollment statuses.
  • Recommended Follow-Up: The University should enhance its policies and procedures to ensure timely review and submission of all roster files.

Finding Text

2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.

Categories

Allowable Costs / Cost Principles Material Weakness Reporting Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 47128 2022-001
    Material Weakness Repeat
  • 47130 2022-001
    Material Weakness Repeat
  • 47131 2022-001
    Material Weakness Repeat
  • 47132 2022-002
    Significant Deficiency
  • 47133 2022-002
    Significant Deficiency
  • 623570 2022-001
    Material Weakness Repeat
  • 623571 2022-001
    Material Weakness Repeat
  • 623572 2022-001
    Material Weakness Repeat
  • 623573 2022-001
    Material Weakness Repeat
  • 623574 2022-002
    Significant Deficiency
  • 623575 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $5.63M
84.063 Federal Pell Grant Program $1.97M
10.766 Community Facilities Loans and Grants $490,731
47.076 Education and Human Resources $388,019
84.024 Trio $283,997
84.007 Federal Supplemental Educational Opportunity Grants $124,224
84.033 Federal Work-Study Program $44,631
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $23,586
84.425 Education Stabilization Fund $22,056