Finding 47548 (2022-006)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-08-02

AI Summary

  • Core Issue: Pell awards were inaccurately reported in the FISAP due to a data entry error by the Director of Student Financial Aid.
  • Impacted Requirements: The College must submit the FISAP annually to report accurate expenditures for campus-based programs.
  • Recommended Follow-Up: Implement a review process involving the accounting department to verify FISAP accuracy before submission.

Finding Text

Significant Deficiency ? Federal Pell Grant Program Reporting Program: Federal Pell Grant Program Assistance Listing Number: 84.063 Federal Award Identification Number: P063P214070 Federal Agency: U.S. Department of Education Federal Award Year: June 30, 2022 Condition/Context: It was noted during the audit that the amount of Pell awards granted to students was not accurately reported on the College?s annual Fiscal Operations Report and Application to Participate (FISAP). Criteria: Non-federal entities are required to submit the FISAP electronically, on an annual basis, for its campus-based programs to report expenditures in the previous award year. Cause: The Director of Student Financial Aid incorrectly keyed in the amount of Pell awards expended during the fiscal year 2022. Effect: Inaccurate report was filed and the FISAP was later amended. Questioned costs: Not applicable Views of Responsible Officials and Planned Corrective Actions: The College should establish a procedure that requires a separate review of the FISAP prior to submission. Management?s response: The College agrees with this recommendation and will require a member of the accounting department to review the FISAP prior to submission.

Corrective Action Plan

A control has been added to require a member of the accounting department to review the FISAP prior to submission

Categories

Student Financial Aid Reporting Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 47549 2022-003
    Significant Deficiency
  • 47550 2022-004
    Significant Deficiency
  • 47551 2022-005
    Significant Deficiency
  • 47552 2022-004
    Significant Deficiency
  • 47553 2022-005
    Significant Deficiency
  • 623990 2022-006
    Significant Deficiency
  • 623991 2022-003
    Significant Deficiency
  • 623992 2022-004
    Significant Deficiency
  • 623993 2022-005
    Significant Deficiency
  • 623994 2022-004
    Significant Deficiency
  • 623995 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.38M
84.063 Federal Pell Grant Program $542,025
84.425 Education Stabilization Fund $527,851
84.007 Federal Supplemental Educational Opportunity Grants $23,210
84.033 Federal Work-Study Program $20,432