Finding Text
Program Information: Federal Supplemental Educational Opportunity Grants (ALN: 84.007) and Federal Work-Study Program (ALN: 84.033) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): L. Reporting ? Special Reporting ? The Fiscal Operations Report and Application to Participate (?FISAP?) is an electronic report submitted annual to receive funds for the campus-based programs. The institution uses the Fiscal Operations Report portion to report its expenditures in the previous award year and the Application to Participate portion to apply for the following year. Key line items containing critical information include: Part I, Identifying Information, Certification, and Warning; Part II, Application to Participate (selected sections); Part III, Fiscal Operations Report, Part IV, Fiscal Operations Report Federal Supplemental Educational Opportunity Grant (?FSEOG?) Program; Part V, Fiscal Operations Report Federal Work-Study (?FWS?) Program; and Part VI, Program Summary for Award Year. Condition: Through our testing, certain errors in key line items of the University?s FISAP were identified. Cause: Administrative oversight with respect to FISAP reporting. Effect or Potential Effect: The University is not in compliance with FISAP reporting requirements. Failure to report accurate records of expenditures for the previous award year could impact future availability of Title IV aid. Questioned Costs: None. Context: The University incorrectly reported the length/type of longest program in Part I of the FISAP. Additionally, the number of students and amount of FSEOG Funds to disaster-affected students was not properly reported in Part IV of the FISAP. Identification of Repeat Finding: No similar findings noted in the prior year. Recommendation: We recommend the University enhance its policies and procedures to ensure that key line items containing critical information are properly reported in the FISAP, in accordance with federal regulations.