Finding Text
Finding 2022-001 - U.S. Department of Education (USDE), Title IV Student Financial Aid Programs (material weakness): 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. Criteria - Federal regulations governing Title IV programs. Condition - Non-compliances were noted, as more fully described in the context below. Questioned Costs-As 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. a. Three (3) out of 60 students tested had missing official transcripts with total questioned costs of $36,516. b. Twelve (12) out of 26 students tested did not have refunds given to students within the required 14 days. c. Two (2) out of six (6) students tested for R2T4 did not have Title IV funds returned to the Federal government within the required 45 days. Cause - Oversight by responsible employees. Effect - The College's participation in the Title IV programs could be subject to USOE sanctions as applicable. Repeat Finding - No Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and will not recur in future periods. Views of Responsible Officials - The College concurs with the finding. The College continues to be challenged with finding qualified staff in the Financial Aid Office and Business Office. The College will be working closely with staffing companies to identify qualified personnel. The College is working diligently to ensure all positions are filled to ensure compliance with all federal and state regulations. We understand the seriousness of these findings and implementing appropriate strategies to minimize and/or eliminate further audit findings. The College plans to start implementing these strategies beginning July 1, 2023.