Finding 58353 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-10-16
Audit: 59432
Organization: Assumption University (MA)
Auditor: Rsm US LLP

AI Summary

  • Core Issue: The University reported HEERF funds in the wrong quarter, leading to incorrect amounts and classifications submitted to the DOE.
  • Impacted Requirements: Reporting must align with the quarter funds are drawn from the G5 system, as per DOE guidelines.
  • Recommended Follow-Up: Amend the incorrect reports and establish a control system to monitor future changes in DOE rules and regulations.

Finding Text

Criteria: Reporting requirements to the DOE state that the institutional portion of HEERF is reported by quarter in the quarter funds are drawn from the G5 system and reported for the allowable categories under the grant. Condition: Amounts reported for the institutional portion by the University were originally reported in the incorrect period. Questioned Costs: None. Prevalence: 2 of 2 institutional quarterly reports tested. The sample was statistically valid. Effect: Incorrect amounts and classifications were reported to the DOE. Improper reporting could result in the DOE withholding payments to the University. Cause: Changes to the program rules, regulations and reporting for the HEERF programs were evolving throughout the different phases of the program. This issue is the result of improper tracking of those changes as they were occurring which resulted in errors in the original filing. Recommendation: We recommend the University amend the incorrect reports. The Federal funding for this program has ended. If the DOE should add additional funding or create new or similar programs, we recommend that management implement a control to regularly monitor and manage changes to rules and regulations promulgated by the DOE. View of Responsible Officials and Planned Corrective Actions: Management agrees with the finding, and corrective measures have been made.

Corrective Action Plan

Management agrees with the finding and corrective measures have been taken.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 634795 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $16.36M
84.425 Education Stabilization Fund $1.98M
84.063 Federal Pell Grant Program $1.86M
84.038 Federal Perkins Loan Program $1.32M
84.007 Federal Supplemental Educational Opportunity Grants $436,180
84.129 Rehabilitation Long-Term Training $253,300
84.033 Federal Work-Study Program $246,918
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $146,637
47.074 Biological Sciences $24,772
47.076 Education and Human Resources $17,287