Finding 525661 (2024-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-03-05

AI Summary

  • Core Issue: Incorrect start date used for calculating Return to Title IV funds for the Spring 2024 semester.
  • Impacted Requirements: Compliance with 34 CFR 668.22(f) regarding enrollment period calculations.
  • Recommended Follow-Up: Implement a review process for accurate enrollment day calculations and ensure a second individual reviews the Return to Title IV calculations.

Finding Text

Finding Type. Immaterial Noncompliance / Significant Deficiency in Internal Control over Compliance (Special Tests and Provisions). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.007, 84.033, 84.063, 84.268; Award Numbers P007A232008, P033A232008, P063P231633, and P268K241633. Criteria. The total number of calendar days in an enrollment period included all days within the period, excluding scheduled breaks of at least 5 consecutive days, as specified by the 34 CFR 668.22(f) Compliance Supplement. Condition. For the 2024 Spring semester, the incorrect start date of the semester was used for calculating the return to Title IV funds. Cause. This condition was caused by a lack of detailed review of the Return to Title IV calculation and days used for the Spring 2024 semester. Effect. As a result, four students' Return to Title IV calculations were performed using incorrect start dates for the 2024 Spring semester resulting in an error of $84 among the students. The College corrected this issue on July 30, 2024 once the issue was identified. Questioned Costs. No costs were required to be questioned as a result of this finding, inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the College implement a review process to ensure that the number of enrollment days used in the Return to Title IV calculations is accurate an that the Return to Title IV calculation is being reviewed by a second individual. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.

Corrective Action Plan

Auditor Description of Condition and Effect. This condition was caused by a lack of detailed review of the Return to Title IV calculation and days used in the Spring 2024 semester. As a result, four students' Return to Title IV calculations were performed using incorrect start dates for the 2024 Spring semester resulting in an understatement in $84 of Pell awards to the students. The College corrected this issue with the Department of Education on July 30, 2024. Auditor Recommendation. We recommend that the College implement a review process to ensure the number of days used in the Return to Title IV calculation is accurate and that the Return to Title IV calculation is being reviewed by a second individual. Corrective Action. The College has performed the necessary steps to correct the error and will develop a process to ensure that a second individual is reviewing the work performed. Responsible Person. Maryann DeCaire, Director of Financial Aid. Anticipated Completion Date. April 30, 2025.

Categories

Special Tests & Provisions Student Financial Aid Period of Performance Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 525662 2024-001
    Significant Deficiency
  • 525663 2024-001
    Significant Deficiency
  • 525664 2024-001
    Significant Deficiency
  • 525665 2024-002
    Significant Deficiency
  • 525666 2024-002
    Significant Deficiency
  • 525667 2024-002
    Significant Deficiency
  • 525668 2024-002
    Significant Deficiency
  • 525669 2024-003
    Significant Deficiency
  • 525670 2024-003
    Significant Deficiency
  • 1102103 2024-001
    Significant Deficiency
  • 1102104 2024-001
    Significant Deficiency
  • 1102105 2024-001
    Significant Deficiency
  • 1102106 2024-001
    Significant Deficiency
  • 1102107 2024-002
    Significant Deficiency
  • 1102108 2024-002
    Significant Deficiency
  • 1102109 2024-002
    Significant Deficiency
  • 1102110 2024-002
    Significant Deficiency
  • 1102111 2024-003
    Significant Deficiency
  • 1102112 2024-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.41M
84.268 Federal Direct Student Loans $908,548
84.042 Trio_student Support Services $246,950
21.027 Coronavirus State and Local Fiscal Recovery Funds $87,260
84.007 Federal Supplemental Educational Opportunity Grants $46,275
84.033 Federal Work-Study Program $39,996
84.048 Career and Technical Education -- Basic Grants to States $18,400