Finding 524038 (2024-005)

Significant Deficiency
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2025-02-20
Audit: 343223
Organization: Metro Technology Center (OK)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: There is a significant deficiency in internal controls over compliance with Pell Grant disbursements, leading to inaccurate awards.
  • Impacted Requirements: The Federal Pell Grant program mandates accurate calculations and disbursements based on student eligibility.
  • Recommended Follow-Up: Management should enhance control processes to ensure accurate Pell Grant disbursements moving forward.

Finding Text

U.S. Department of Education Student Financial Aid Cluster (FAL # 84.268, 84.063) Eligibility Significant Deficiency in Internal Control over Compliance Criteria: The Federal Pell Grant program provides grants to students enrolled in eligible undergraduate programs and certain eligible post-baccalaureate teacher certificate programs and is intended to provide a foundation of financial aid. The program is administered by the Department of Education and postsecondary educational institutions. Maximum and minimum Pell grant awards are established by statute. Condition: In our student testing, we detected one instance where the student was not awarded the full amount that they were eligible for during the fiscal year. Questioned Costs: None reported Effect: Inadequate controls over calculating and disbursing Pell Grant awards will likely result in inaccurate Pell Grant disbursements. Cause: This appears to be a manual process. As a result, this miscalculation is due to a matter of human error. Repeat finding From Prior Year: No Context: Out of the 55 sample of students tested, one student had an inaccurate Pell Grant Disbursement. Non-statistical sampling was used. Recommendation: We recommend that management update their control processes to ensure that the proper Pell Grant disbursements are made by the District. Views of Responsible Officials: We agree with the finding.

Categories

Student Financial Aid Eligibility Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 524031 2024-004
    Significant Deficiency
  • 524032 2024-004
    Significant Deficiency
  • 524033 2024-004
    Significant Deficiency
  • 524034 2024-004
    Significant Deficiency
  • 524035 2024-004
    Significant Deficiency
  • 524036 2024-005
    Significant Deficiency
  • 524037 2024-005
    Significant Deficiency
  • 524039 2024-005
    Significant Deficiency
  • 524040 2024-005
    Significant Deficiency
  • 524041 2024-003
    Material Weakness
  • 1100473 2024-004
    Significant Deficiency
  • 1100474 2024-004
    Significant Deficiency
  • 1100475 2024-004
    Significant Deficiency
  • 1100476 2024-004
    Significant Deficiency
  • 1100477 2024-004
    Significant Deficiency
  • 1100478 2024-005
    Significant Deficiency
  • 1100479 2024-005
    Significant Deficiency
  • 1100480 2024-005
    Significant Deficiency
  • 1100481 2024-005
    Significant Deficiency
  • 1100482 2024-005
    Significant Deficiency
  • 1100483 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.75M
84.268 Federal Direct Student Loans $540,347
84.048 Career and Technical Education -- Basic Grants to States $240,069
84.126 Rehabilitation Services Vocational Rehabilitation Grants to States $238,556
84.002 Adult Education - Basic Grants to States $217,157
12.002 Procurement Technical Assistance for Business Firms $48,232
59.065 Growth Accelerator Fund Competition $31,196
84.243 Tech-Prep Education $14,692
84.063 Federal Pell Grant Program $1,295
93.558 Temporary Assistance for Needy Families $0