Finding Text
Student Financial Aid Cluster
Criteria
The College should ensure proper information is reported for the grant and reports are
submitted in a timely manner. Also, proper documentation used to report on the grant should
be kept on file.
Condition
Of the 21 students tested, we noted 19 instances where the disbursement date of Pell funds on
the Common Origination and Disbursement (COD) System did not match the actual date the
Pell funds were disbursed to the student.
Cause
The College switched applications used to track financial aid, which led to an error on the
disbursement dates that were imported into the COD system.
Effect
Grant awards potentially misreported.
Questioned Costs
$0
Recommendation
We recommend the College implement proper controls and procedures to ensure actual
disbursement dates match the disbursement dates in the COD system.
Views of Responsible Officials
See corrective action plan.
Indication of Repeat Finding
This is a new finding in the current year.