FAC Explorer

Finding 50533 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-03-27
Audit: 48502
Organization: University of Pikeville (KY)
Auditor: Dean Dorton Allen Ford PLLC

AI Summary

  • Core Issue: The University failed to report lost revenues in their HEERF quarterly reports.
  • Impacted Requirements: This oversight violates the reporting criteria outlined in 31 CFR Section 35.4(c).
  • Recommended Follow-Up: The University should reconcile HEERF reports with accounting data to ensure compliance with federal reporting requirements.

Finding Text

Finding 2022-001 Federal Program: U.S. Department of Education: COVID-19: Higher Education Emergency Relief Fund (HEERF) Criteria: The University must comply with 31 CFR Section 35.4(c). Condition: During our testing of quarterly reporting for the HEERF, we noted that the University did not report their lost revenues used as part of institutional spending. Cause: The lost revenues were not properly reported on the quarterly reports. Effect: The lost revenues were not reported properly. The provisions of 31 CFR 35.4(c) were not followed. Recommendation: We recommend that the University reconcile all HEERF reporting to accounting data to verify all federal expenditures are properly reported in accordance with the provisions of 31 CFR Section 35.4(c).

Corrective Action Plan

Federal Program: U.S. Department of Education: COVID-19: Higher Education Emergency Relief Fund (HEERF) Criteria: The University must comply with 31 CFR Section 35.4(c) Condition: During our testing of quarterly reporting for HEERF, we noted that the University did not report their lost revenues used as a part of institutional spending. Corrective Actions Taken or Planned: The University will establish review procedures to ensure all information is included in future reports. The Vice President for Finance and Associate Vice President for Finance will have the final review to ensure all accounting data is reflected accurately. Name of Responsible Person: Barry Bentley, Vice President for Finance Implementation Date: March 22, 2023

Categories

Reporting Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $45.43M
84.063 Federal Pell Grant Program $3.02M
84.047 Trio_upward Bound $792,743
93.925 Scholarships for Health Professions Students From Disadvantaged Backgrounds $629,941
84.033 Federal Work-Study Program $350,000
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $295,258
84.042 Trio_student Support Services $294,286
93.732 Mental and Behavioral Health Education and Training Grants $217,834
84.007 Federal Supplemental Educational Opportunity Grants $90,597
84.425 Education Stabilization Fund $905