Finding 61462 (2022-003)

Criteria or specific requirement: The College must prepare a Schedule of Expenditures of Federal Awards (SEFA) that is accurate and complete in accordance with Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Condition: The College did not prepare a SEFA that was accurate and complete in accordance with the Uniform Guidance as there were two programs missing from the original SEFA that was provided for audit. In addition, the federal expenditures for the Higher Education Emergency Relief Fund were not accurate. Cause: The cause is likely due to limited internal controls related to the preparation and review of the SEFA and understanding of which items should be included. Effect or potential effect: Without adequate internal controls over the SEFA, the College may not identify all the federal awards received and related compliance and reporting requirements applicable to each award. Recommendations: The College must assign individuals who are experienced and knowledgeable in the compliance requirements of the Uniform Guidance to monitor all federal grants received to ensure the College has met the applicable compliance and reporting requirements of each federal award.