Finding Text
Reporting Student Financial Assistance Cluster – AL 84.007, 84,063 and 84.268 US Department of Education. Significant Deficiency and Nonmaterial Noncompliance: Criteria or specific requirements: 34 CFR 673.3: To participate in the FWS, or FSEOG programs, an institution shall file an application before the deadline date established annually by the Secretary through publication of a notice in the Federal Register. ED Form 646-1, Fiscal Operations Report and Application to Participate (FISAP) (OMB No. 1845-0030) – This electronic report is submitted annually to receive funds for the campus-based programs. The data is used in conjunction with institutional program reviews to assess the administrative capability and compliance of the College. Condition: The College did not retain supporting evidence utilized for reporting critical information within the FISAP. Cause: The College did not have a process in place to retain reporting documentation. Effect: The College is not in compliance with the Federal requirement described in the OMB Compliance: Supplement. Questioned costs: None identified. Context: The College lacked evidence to support figures reported in the FISAP. A nonstatistical sample of 4 key line items out of 23 line items in Part VI, Program Summary for Award Year out were selected for reporting testing. Identification as a repeat finding: Previously reported as finding 2022-006. Recommendation: It is recommended the College should establish effective controls and processes to ensure that reporting of FISAP figures are properly supported and any evidence of review is maintained. View of responsible officials and corrective action plan: Management agrees with the finding. Please see separate Corrective Action Plan for procedures to be implemented.