Finding 580854 (2023-002)

Assistance Title: Education Stabilization Fund Assistance Listing Number: 84.425E and 84.425F Federal Agency: Department of Education Type of Finding: Significant Deficiency and Noncompliance Category of Finding: Reporting Known Questioned Costs: None Likely Questioned Costs: None Criteria: In accordance with the Federal award terms, the Quarterly Budget and Expenditure reports are required to be made publicly available by the 10th day of the month following the calendar quarter. Condition: The report for the calendar quarter ended December 31, 2022 was made publicly available on January 11, 2023, one day late. Although not made publicly available on January 10, 2023, the quarterly report was submitted timely to the Department of Education on January 10, 2023. Cause: Lack of robust controls in adhering to certain reporting deadlines. Effect: Submission of public reporting late could result in reputational damage and regulatory actions. Recommendation: We recommend that procedures be strengthened to ensure the College adheres to reporting deadlines. Management’s Response: Management concurs with this finding. See Management’s Response and Corrective Action plan.