Finding 604967 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-11-10
Audit: 37100
Organization: McHenry County College (IL)
Auditor: Sikich LLP

AI Summary

  • Core Issue: The College failed to return Title IV Financial Aid for two students within the required 45 days after their withdrawal.
  • Impacted Requirements: This noncompliance violates 34 CFR 668.22 regarding timely calculations and returns of Title IV funds.
  • Recommended Follow-Up: Assign specific responsibilities for reviewing Title IV calculations to ensure timely and accurate returns in the future.

Finding Text

2022-001: Late Return of Title IV Financial Aid - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.268 - Grant Period - Year Ended June 30, 2022 Criteria: According to 34 CFR 668.22 when a recipient of Title IV grant or loan assistance withdraws from a College during a payment period or period of enrollment in which the recipient began attendance, the College must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date. Condition: During our Return of Title IV Fund testing, we noted that the College did not calculate or return Title IV Student Financial Aid for two out of twenty-five students tested until after 45 days when the student ceased attendance. We consider the untimely calculation and Return of Title IV Student Financial Aid to be an instance of noncompliance relating to the Special Tests and Provisions Compliance Requirement. See Schedule of Findings and Questioned Costs for chart/table. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The College did not calculate or return unearned Title IV Financial Aid to the U.S. Department of Education within 45 days of when the student was determined to cease their attendance at the College. Cause: The College?s internal controls did not identify the fact that a corrected return of Title IV amount occurred for two students within the required 45 days. Recommendation: We recommend the College assign specific responsibilities to review students return of Title IV calculation to verify the correct amount is calculated and returned in a timely manner. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.

Categories

Special Tests & Provisions Student Financial Aid Reporting Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.063 Pell Grant $3.94M
84.268 Federal Direct Student Loans $742,526
84.031 Pathways to Persistence and Graduation $381,854
84.047 Upward Bound $358,143
84.048 Perkins IV Postsecondary Basic $236,932
84.002 Federal Adult Education $202,734
47.076 Stem Scholarship Program $164,488
64.028 Gi Bill Student Grants $111,007
84.007 Seog Grant $109,902
10.175 Usda Campus-Based Food Hub $71,280
84.425 Covid-19 Education Stabilization Fund $65,393
84.033 College Work Study $61,006
84.048 Cte Leadership $48,234
59.037 Small Business Development Center $43,342
93.323 Covid-19 Illinois Public Health Association Pandemic Health Navigators- Regional Coordinators $41,647
21.009 Vita-Volunteer Income Tax Assistance $39,464
17.285 Expanding Community College Apprenticeships $36,449
17.259 Wioa Youth Program $31,200
21.019 Covid-19 Coronavirus Relief Fund $21,944
84.002 English Literacy/civics Program $19,000
84.335 Child Care Access Means Parents in School (ccampis) $9,473
93.575 Early Childhood Education-Access Consortium for Equity $6,516
10.170 Illinois Specialty Crop Block Grant Program $4,540
59.037 Covid-19 Small Business Development Center $3,275
84.048 Competency-Based Education $683