Finding Text
Department of Education
Student Financial Aid Cluster
CFDA # 84.033 – Federal Work Study Program
CFDA # 84.007 – Federal Supplemental Educational Opportunity Grants (FSEOG)
CFDA # 84.063 – Federal Pell Grant Program
CFDA # 84.268 – Federal Direct Student Loans
CFDA # 84.038 – Federal Perkins Loan Program
2022-2023 Award Year
Reporting – Special Reporting – Fiscal Operations Report and Application to Participate (FISAP).
Significant Deficiency in Internal Controls over Compliance
Criteria: OMB No. 1845-0030 is the valid OMB control number for the FISAP and responding to this collection is mandatory in accordance with 34 CFR 674.19, 34 CFR 675.19 and 34 CFR 676.19. The FISAP report itself identifies the relevant criteria and information requested in this information collection.
Condition: In testing key line items as indicated in the compliance supplement, we noted 2 line items for which amounts reported in the FISAP did not agree to supporting records and documentation that were provided during testing. Lines that were not reported correctly were Part II, Section E Line 22 and Part II, Section D Line 7.
Cause: Proper supporting documentation used in preparing the FISAP report was not retained by College personnel and, therefore, there was either no support to provide for testing or re-created support did not agree to amounts originally reported in the FISAP.
Effect: Lack of supporting documentation for amounts reported in the FISAP or supporting documentation that does not agree to amounts reported can lead to incorrect information being reported or bring into question accuracy of amounts reported.
Questioned Costs: None.
Context/Sampling: Sampling was not used.
Repeat Finding from Prior Year(s): No.
Recommendation: We recommend all backup documentation be maintained for numbers reported on all FISAP reports and to work with the Department of Education prior to College closure to make any changes DOE will require to be made to the reports.
Views of Responsible Officials: Management agrees with the finding.