FAC Explorer

Finding 607003 (2022-001)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-03-26
Audit: 33151
Organization: Manhattan School of Music (NY)
Auditor: Crowe LLP

AI Summary

  • Answer: $156,000 was disbursed late, over 15 days after cash was received.
  • Trend: This represents 26% of the total student funds disbursed for CRRSAA and ARP.
  • List: Review disbursement processes to ensure timely payments in the future.

Finding Text

During fiscal year ended June 30, 2022, approximately $156,000 (or 26% of the total $597,416) of the CRRSAA and ARP student portion was disbursed more than 15 days after the G5 cash draw receipt

Categories

No categories assigned yet.

Other Findings in this Audit

  • 30556 2022-002
    Significant Deficiency
  • 30557 2022-002
    Significant Deficiency
  • 30558 2022-002
    Significant Deficiency
  • 30559 2022-002
    Significant Deficiency
  • 30560 2022-002
    Significant Deficiency
  • 30561 2022-001
    Significant Deficiency
  • 30562 2022-001
    Significant Deficiency
  • 606998 2022-002
    Significant Deficiency
  • 606999 2022-002
    Significant Deficiency
  • 607000 2022-002
    Significant Deficiency
  • 607001 2022-002
    Significant Deficiency
  • 607002 2022-002
    Significant Deficiency
  • 607004 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $8.92M
84.U38 Federal Perkins Loan $532,204
84.063 Federal Pell Grant Program $350,947
84.425 Education Stabilization Fund $52,000
84.033 Federal Work-Study Program $37,825
84.007 Federal Supplemental Educational Opportunity Grants $36,881