FAC Explorer

Finding 583882 (2023-004)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-01-04
Audit: 9586
Organization: Los Angeles Chapter National Tooling & MacHining Association Training Centers Trust (CA)
Auditor: Vasquez & Company LLP

AI Summary

  • Core Issue: There was an inaccuracy in the cost of attendance reported for 1 out of 15 students in the COD System.
  • Impacted Requirements: The correct budget code was not used, leading to an incorrect auto-populated amount.
  • Recommended Follow-Up: Review and correct budget codes in EdExpress to ensure accurate reporting in the COD System.

Finding Text

Reporting: Inaccurate Reporting of Origination Records to Common Origination and Disbursement (COD) System We noted that 1 out of 15 students selected for Reporting test work had an inaccurate cost of attendance reported in the COD System. The correct cost of attendance applicable to the student was $26,148 but the amount auto-populated in COD system from the EdExpress software was $29,555 due to the incorrect budget code used. This error did not result in a questioned cost as the student received the correct federal award amount, however, the reported COA submitted in the COD system is still inaccurate.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.39M
84.063 Federal Pell Grant Program $642,047
84.268 Federal Direct Student Loans $462,959