Finding 611152 (2022-007)

Significant Deficiency
Requirement
A
Questioned Costs
-
Year
2022
Accepted
2023-04-02
Audit: 35403
Auditor: Rbt CPAS

AI Summary

  • Issue: The College lacks a control system to approve how grant funds are used.
  • Requirements Impacted: Grant funds were improperly applied to student accounts and administrative costs without proper approval documentation.
  • Follow-Up: The College should create and document clear approval controls for grant usage.

Finding Text

Internal Control Finding 2022-007 Education Stabilization Fund 84.425 Condition: The College does not have an established control to approve grant use. Criteria: The College used grant funds to apply against Student accounts and for administrative costs and could not provide anything indicating the amounts or students were approved. Cause: The College's internal controls and internal control documentation need improvement. Effect: Grant funding that was applied may not have been approved to be used. Recommendation: RBT suggests that the College develop and document detailed controls over approvals for grant use.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 34708 2022-005
    Significant Deficiency
  • 34709 2022-006
    -
  • 34710 2022-007
    Significant Deficiency
  • 611150 2022-005
    Significant Deficiency
  • 611151 2022-006
    -

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $2.06M
84.425 Education Stabilization Fund $1.52M
84.268 Federal Direct Student Loans $1.34M
84.048 Career and Technical Education -- Basic Grants to States $61,719
84.033 Federal Work-Study Program $46,052
84.007 Federal Supplemental Educational Opportunity Grants $45,364