FAC Explorer

Finding 516398 (2024-005)

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Requirement
L
Questioned Costs
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Year
2024
Accepted
2024-12-20
Audit: 334328
Organization: McMurry University (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University reported inaccurate information on key line items of the Annual Performance Report for students.
  • Impacted Requirements: This finding violates 34 CFR 646.22(a), which mandates accurate reporting.
  • Recommended Follow-Up: Implement a review process to reconcile student information between University records and the tracking system for TRIO participants.

Finding Text

Inaccurate TRIO Reporting DEPARTMENT OF EDUCATION ALN #: 84.042A Federal Award Identification #: P042A201146 Condition: The University did not report accurate information on key line items of the Annual Performance Report for all students. Criteria: 34 CFR 646.22(a) Questioned Costs: $0 Context: 10 out of 37 students tested had inaccurate information reported on key line items of the Annual Performance Report. Cause: This was an oversight by the University. Effect: Inaccurate information was reported on the Annual Performance Report. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University have a review process to ensure each student's information is reconciled between the University's records and the system used to track TRIO participants and populate the Annual Performance Report. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Inaccurate TRIO Reporting Federal Agency Name: U.S. Department of Education Program Name: Student Financial Assistance Cluster ALN: 84.042A Finding Summary: Certain line items of the Annual Performance Report (APR) included inaccurate student information. Responsible Individuals: Jessica Thompson, TRIO Project Director Corrective Action Plan: We agree with the auditors’ findings and recommendations. Previously, a spreadsheet was used to maintain student information for input in the APR. To ensure the most up to date information is used, this student information will now be input using the university student services account system. Additionally, the APR will be reviewed by the finance department prior to submission. Anticipated Completion Date: December 31, 2024

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 516389 2024-003
    Material Weakness Repeat
  • 516390 2024-003
    Material Weakness Repeat
  • 516391 2024-003
    Material Weakness Repeat
  • 516392 2024-004
    Significant Deficiency
  • 516393 2024-004
    Significant Deficiency
  • 516394 2024-004
    Significant Deficiency
  • 516395 2024-004
    Significant Deficiency
  • 516396 2024-004
    Significant Deficiency
  • 516397 2024-004
    Significant Deficiency
  • 1092831 2024-003
    Material Weakness Repeat
  • 1092832 2024-003
    Material Weakness Repeat
  • 1092833 2024-003
    Material Weakness Repeat
  • 1092834 2024-004
    Significant Deficiency
  • 1092835 2024-004
    Significant Deficiency
  • 1092836 2024-004
    Significant Deficiency
  • 1092837 2024-004
    Significant Deficiency
  • 1092838 2024-004
    Significant Deficiency
  • 1092839 2024-004
    Significant Deficiency
  • 1092840 2024-005
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $6.89M
84.063 Federal Pell Grant Program $3.94M
84.031 Higher Education Institutional Aid $529,824
84.042 Trio Student Support Services $260,479
84.033 Federal Work-Study Program $142,963
84.007 Federal Supplemental Educational Opportunity Grants $138,416
84.425 Covid-19 Education Stabilization Fund Heerf- Governor's Emergency Education Relief Fund $106,622
84.038 Federal Perkins Loan Program $80,899
47.076 Stem Education (formerly Education and Human Resources) $61,503
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $10,373
19.009 Academic Exchange Programs - Undergraduate Programs $4,400