Finding Text
Federal Program Information - Student Financial Assistance Cluster
Criteria or Specific Requirement - L. Reporting - Special Reporting - The Fiscal Operations Report and Application to Participate (FISAP) is an electronic report submitted annually to receive funds for the campus-based programs. The institution uses the Fiscal Operations Report portion to report its expenditures in the previous award year and the Application to Participate portion to apply for the following year. Key line items containing critical information include: Part I, Identifying Information, Certification, and Warning; Part II, Application to Participate (selected sections); Part III, Fiscal Operations Report, Part IV, Fiscal Operations Report Federal Supplemental Educational Opportunity Grant Program; Part V, Fiscal Operations Report Federal Work-Study Program; and Part VI, Program Summary for Award Year. The FISAP must be submitted each year by the deadline established by the ED (34 CRF Section 668.24 (e)(1)(i)).
Condition - Instances where the University did not accurately report key line items identified in the OMB Compliance Supplement.
Cause - Lack of administrative oversight with respect to FISAP Reporting
Effect or Potential Effect - The University was not in compliance with accurately reporting award metrics on the FISAP reported to the U.S. Department of Education.
Questioned Costs - $151,081
Context - For several key line items in the FISAP, the University did not accurately report actual values.
Identification as a Repeat Finding - No similar findings noted in the prior year.
Recommendation - We recommend the University enhance its policies and procedures to ensure that reports used to prepare the annual FISAP are retained, in accordance with federal regulations. In the case that additional reconciliations have been performed after initial submission of the FISAP to the U.S. Department of Education, an updated FISAP should be reported to the U.S. Department of Education prior to the deadline.
Views of Responsible Officials - The University agrees with the finding and is implementing a reconciliation and review process to ensure compliance.