Finding Text
COVID-19 Education Stabilization Fund, Higher Education Emergency Relief Fund ? Student Aid Portion, ALN 84.425E Higher Education Emergency Relief Fund ? Institutional Aid Portion, ALN 84.425F U.S. Department of Education, Award Year 2022 Criteria or Specific Requirement ? Reporting ? Section 18004(a)(1) Student Aid Portion Quarterly Public Reporting and Institutional Aid Portion Quarterly Public Reporting ? 85 FR 53082 Condition ? One of the University?s required public reports for Higher Education Emergency Relief Fund (HEERF) III student aid portion dollars disbursed during the Fall 2021 term and one of the University?s required public reports for HEERF II institutional aid portion dollars were not publicly posted in a timely manner. Questioned Costs ? None Context ? Out of the population of five required quarterly public reports for HEERF I, II, and III student aid portion dollars, one was selected for testing. Out of four required quarterly reports for HEERF I, II, and III institutional aid portion dollars, one was selected for testing. Neither report tested was publicly posted by the stated Department of Education deadline. Our sample was not and was not intended to be a statically valid sample. Effect ? Information required to be made publicly available was not done so in a timely manner, which could result in a loss of funding. Cause ? This was a newer federal program with evolving compliance requirements and, due to turnover in the financial accounting services department in the prior year, current employees were not aware of the requirement. Identification as a Repeat Finding ? 2021-001 Recommendation ? The University should review its processes and controls to ensure awareness of compliance requirements. Views of Responsible Officials and Planned Corrective Actions ? Management agrees with the finding and, once made aware, timely filed all required reports.