FAC Explorer

Finding 598537 (2022-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-21
Audit: 22405
Organization: School of Urban Missions Dba Sum Bible College and Theological Seminar (CA)
Auditor: Nelson & Associates CPAS

AI Summary

  • Issue: The School improperly drew down $310,358 from USDE due to duplicate entries.
  • Requirements Impacted: The School failed to follow proper draw down procedures and did not qualify for the additional funds.
  • Recommended Follow-up: Review and correct the draw down process to prevent future duplicate entries and ensure compliance with funding requirements.

Finding Text

The School drew down $310,358 from U.S. Department of Education (USDE) for student loans that were based on duplicate entries. The School did not follow requirements for draw down nor did the School qualify for these additional drawn downs.

Categories

Cash Management Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 22095 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loan Program $2.10M
84.063 Federal Pell Grant Program $1.26M
84.425 Higher Education Emergency Relief Fund III $362,445
84.425 Higher Education Emergency Relief Fund II $102,555
84.007 Federal Supplemental Education Opportunity Grants $35,681
84.033 Federal Work Study $31,374