Finding 598269 (2022-006)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-11-29

AI Summary

  • Core Issue: The Institution inaccurately reported fund amounts and missed key data in required quarterly reports.
  • Impacted Requirements: Compliance with Section 18004(e) of the CARES Act for HEERF reporting.
  • Recommended Follow-Up: Correct the reports to reflect accurate fund usage and ensure all required data elements are included.

Finding Text

FINDING 2022-006: INACCURATE REPORTING FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: HIGHER EDUCATION EMERFENCY RELIEF FUNDS ALN#: 84.425E & 84.425F FEDERAL AWARD YEAR: 2021-2022 Compliance Requirement: Reporting (L.) Criteria: Section 18004(e) of the CARES Act directs schools receiving funds under Section 18004 of the Act to submit a report to The Department describing the use of funds distributed from HEERF. There are three components to reporting for HEERF that are applicable to proprietary schools: 1) Quarterly public reporting on the (a)(1) Student Aid Portion; 2) Quarterly public reporting on the (a)(1) Condition: The Institution incorrectly reported the total amount of funds received and the total amount of quarterly expenditures on its Institutional report for the quarter ended June 30, 2022. The Institution's student quarterly report for the quarter ended March 31, 2022 is missing one of the seven required data elements set forth by the Department. We will qualify our opinion for this attribute. Cause: The condition was caused by administrative oversight. Effect: The result is that the Institution understated the amount of total funds received and total institutional expenditures for the quarter ended June 30, 2022, and did not list the total amount of Emergency Financial Aid Grants distributed to students as of the date of submission on its student quarterly report for the quarter ended March 31, 2022. Question Costs: $0 Recommendation: We recommend the Institution make corrections to the applicable reports. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.

Categories

Reporting

Other Findings in this Audit

  • 21815 2022-002
    -
  • 21816 2022-003
    - Repeat
  • 21817 2022-001
    - Repeat
  • 21818 2022-002
    -
  • 21819 2022-003
    - Repeat
  • 21820 2022-004
    Material Weakness
  • 21821 2022-005
    Material Weakness
  • 21822 2022-006
    Material Weakness
  • 21823 2022-007
    Material Weakness
  • 21824 2022-008
    Material Weakness
  • 21825 2022-004
    Material Weakness
  • 21826 2022-005
    Material Weakness
  • 21827 2022-006
    Material Weakness
  • 21828 2022-007
    Material Weakness
  • 21829 2022-008
    Material Weakness
  • 598257 2022-002
    -
  • 598258 2022-003
    - Repeat
  • 598259 2022-001
    - Repeat
  • 598260 2022-002
    -
  • 598261 2022-003
    - Repeat
  • 598262 2022-004
    Material Weakness
  • 598263 2022-005
    Material Weakness
  • 598264 2022-006
    Material Weakness
  • 598265 2022-007
    Material Weakness
  • 598266 2022-008
    Material Weakness
  • 598267 2022-004
    Material Weakness
  • 598268 2022-005
    Material Weakness
  • 598270 2022-007
    Material Weakness
  • 598271 2022-008
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.89M
84.425 Education Stabilization Fund $460,753
84.063 Federal Pell Grant Program $408,794
84.007 Federal Supplemental Educational Opportunity Grants $23,390