Finding 609204 (2022-001)

Significant Deficiency Repeat Finding
Requirement
C
Questioned Costs
$1
Year
2022
Accepted
2023-03-30
Audit: 24772
Organization: Tougaloo College (MS)

AI Summary

  • Core Issue: The College failed to comply with federal regulations for Title IV programs, leading to significant deficiencies and questioned costs of $18,768.
  • Impacted Requirements: Timely return of Title IV funds and reconciliation of program totals with the general ledger were not properly managed.
  • Recommended Follow-Up: Implement corrective actions, enhance internal controls, conduct monthly reconciliations, and provide specialized training for staff to prevent future issues.

Finding Text

Finding 2022-001 - U.S. Department of Education (USDE), Title IV Student Financial Aid Programs (Significant Deficiency): Information on the federal program - Federal Direct Student Loans, Assistance Listing No. 84.268, June 30, 2022; Federal Pell Grants Program, Assistance Listing No. 84.063, June 30, 2022; Federal Supplemental Educational Opportunity Grant, Assistance Listing No. 84. 007, June 30, 2022; Federal Work-Study Program, Assistance Listing No. 84.033, June 30, 2022; TEACH Grant Program, Assistance Listing No. 84.379, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous issues of non-compliance were noted, as described in the context below. Questioned Costs - Provided below. Context- We observed the following conditions in connection with our testing of the various U.S. Department of Education, Title IV, Student Financial Assistance Programs: ? Title IV awards for six (6) of twelve (12) students sampled for Return of Title IV (R2T4) did not have funding returned within the required 45-day time frame with total questioned costs of $18,768. ? The College had differences in the following programs which were not reconciled to the general ledger: Program Description Federal Work-Study Federal Direct Student Loans. ? FISAP Work-Study totals did not match general ledger totals. Cause - Oversight by responsible employees not properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Repeat Finding- Yes, regarding Title IV programs not reconciling to the general ledger. Auditor's Recommendation - We recommend the College implement corrective actions to ensure the above findings are resolved and do not recur in future periods. Moreover, internal controls over compliance with Federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes. View of Responsible Officials - The Office of Financial Aid understands the seriousness of these findings and are implementing appropriate strategies to minimize and/or eliminate further audit findings, including: ? Conduct monthly reconciliations between the Business and Financial Aid Offices reviewed and approved by the Vice President of Finance and Administration. ? Provide specialized Title IV training for the Financial Aid staff through resources and services provided by our auditors, The Wesley Peachtree Group, CPAs to improve and ensure processes align with federal reporting guidelines.

Categories

Questioned Costs Student Financial Aid Subrecipient Monitoring Reporting Significant Deficiency Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 32761 2022-001
    Significant Deficiency Repeat
  • 32762 2022-001
    Significant Deficiency Repeat
  • 32763 2022-001
    Significant Deficiency Repeat
  • 32764 2022-001
    Significant Deficiency Repeat
  • 32765 2022-001
    Significant Deficiency Repeat
  • 609203 2022-001
    Significant Deficiency Repeat
  • 609205 2022-001
    Significant Deficiency Repeat
  • 609206 2022-001
    Significant Deficiency Repeat
  • 609207 2022-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $3.66M
84.268 Federal Direct Student Loans $2.84M
84.063 Federal Pell Grant Program $2.40M
93.926 Healthy Start Initiative $1.18M
93.837 Cardiovascular Diseases Research $1.08M
84.031 Higher Education_institutional Aid $761,853
15.932 Preservation of Historic Structures on the Campuses of Historically Black Colleges and Universities (hbcus). $480,000
84.044 Trio_talent Search $412,340
84.047 Trio_upward Bound $283,591
84.066 Trio_educational Opportunity Centers $259,304
84.033 Federal Work-Study Program $230,192
84.007 Federal Supplemental Educational Opportunity Grants $198,873
84.287 Twenty-First Century Community Learning Centers $121,593
47.076 Education and Human Resources $117,230
93.859 Biomedical Research and Research Training $114,592
97.061 Centers for Homeland Security $112,242
12.905 Cybersecurity Core Curriculum $77,697
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $73,336
10.464 Socially Disadvantaged Farmers and Ranchers Policy Research Center $48,285
93.838 Lung Diseases Research $46,384
93.389 National Center for Research Resources $43,119
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $14,044
16.575 Crime Victim Assistance $11,011
93.421 Strengthening Public Health Systems and Services Through National Partnerships to Improve and Protect the Nations Health $4,161
43.008 Education $975
45.309 Museum Grants for African American History and Culture $469