Finding Text
Finding 2022-001: Untimely Submission of Quarterly Reports Identification of Federal Program: Education Stabilization Fund CARES Act: Higher Education Emergency Relief Fund (HEERF) Assistant Listing No: 84.425E and 84.425F Federal Award Year: 2022 Finding Type: Noncompliance Compliance Requirement: Reporting Criteria Based on the HEERF reporting compliance requirements, institutions are required to update their quarterly public reporting for both institutional aid and student aid no later than 10 days after the end of each calendar quarter. Condition and Context For a sample of 2 quarterly reports selected for testing (3rd quarter and 4th quarter of 2022), the Organization submitted both reports eleven (11) days after the end of each calendar quarter. The sample was not intended to be, and was not a statistically valid sample. Cause Due to administrative oversight, the Organization updated the quarterly reports one day late. Effect or Potential Effect The Organization is not in compliance with the timeliness of reporting requirements of the funding agency. Funds may be held or not disbursed timely from the funding source due to the late filing of reports. Questioned Costs None Recommendation The Organization should evaluate its finance and program department and increase resources as necessary to aid in compliance and implement stronger processes and internal controls to facilitate timely filings of reports. Views of Responsible Officials Internal controls have been strengthened to ensure timely filings of the reports.