Finding 515635 (2024-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-12-18
Audit: 333425
Organization: Cisco College District (TX)

AI Summary

  • Core Issue: The College awarded FSEOG amounts below the $100 minimum for three out of four students reviewed.
  • Impacted Requirements: This practice violates CFR section 676.20(a)(1), leading to non-compliance with federal regulations.
  • Recommended Follow-Up: Review and adjust award amounts to ensure compliance with the established limits in the regulations.

Finding Text

Criteria: In accordance with CFR section 676.20(a)(1), "An institution may award an FSEOG for an academic year in an amount it determines a student needs to continue his or her studies. However, except as provided in paragraph (c) of this section, an FSEOG may not be awarded for a full academic year that is less than $100." Condition: We reviewed a sample of 4 students who received FSEOG during the fiscal year. Of the 4 students tested, three students were awarded amounts less than the $100 minimum award. Effect: The College fell out of compliance with the FSEOG regulations by disbursing amounts below the minimum award limit. Cause: Management did not identify the correct limits outlined by the award. Recommendation: We recommend that each award amount be reviewed as within the limits outlined in the compliance documents.

Corrective Action Plan

Views of the responsible official and planned corrective actions: The Director of Financial Aid will review the awards to ensure compliance. The current software is set up with minimum and maximum award amounts to alert any awards outside of the range of compliance.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 515634 2024-001
    Significant Deficiency
  • 515636 2024-003
    Significant Deficiency
  • 515637 2024-001
    Significant Deficiency
  • 515638 2024-002
    Significant Deficiency
  • 515639 2024-003
    Significant Deficiency
  • 515640 2024-001
    Significant Deficiency
  • 515641 2024-002
    Significant Deficiency
  • 515642 2024-003
    Significant Deficiency
  • 515643 2024-001
    Significant Deficiency
  • 515644 2024-002
    Significant Deficiency
  • 515645 2024-003
    Significant Deficiency
  • 1092076 2024-001
    Significant Deficiency
  • 1092077 2024-002
    Significant Deficiency
  • 1092078 2024-003
    Significant Deficiency
  • 1092079 2024-001
    Significant Deficiency
  • 1092080 2024-002
    Significant Deficiency
  • 1092081 2024-003
    Significant Deficiency
  • 1092082 2024-001
    Significant Deficiency
  • 1092083 2024-002
    Significant Deficiency
  • 1092084 2024-003
    Significant Deficiency
  • 1092085 2024-001
    Significant Deficiency
  • 1092086 2024-002
    Significant Deficiency
  • 1092087 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $4.74M
84.268 Federal Direct Student Loans $1.29M
84.425 Education Stabilization Fund $369,239
84.048 Career and Technical Education -- Basic Grants to States $125,909
84.033 Federal Work-Study Program $89,646
84.007 Federal Supplemental Educational Opportunity Grants $55,046
59.077 Community Navigator Pilot Program $37,329
43.001 NASA $26,956