Finding 616491 (2022-009)

- Repeat Finding
Requirement
NP
Questioned Costs
-
Year
2022
Accepted
2023-01-26

AI Summary

  • Core Issue: Incorrect R2T4 calculations led to missed and untimely returns of Federal Pell Grant funds.
  • Impacted Requirements: Funds must be returned within 45 days of withdrawal determination; total questioned costs amount to $1,167.43.
  • Recommended Follow-Up: Improve communication between financial aid and business offices; double-check R2T4 data entry to ensure timely returns.

Finding Text

FINDING 2022-009 ? R2T4 Calculations Federal Agency: U.S. Department of Education; Office of Federal Student Aid Pass through Entity: Not applicable Program Name: Federal Pell Grant Program Federal Direct Student Loan Program ALN and Program Expenditure: 84.063 ($484,684) 84.268 ($149,449) Award Number: P063P203976 P268K223976 Federal Award Year: July 1, 2021 to June 30, 2022 Questioned Costs: 84.063 ($1,167.43) Condition Found: All seven of the R2T4s completed by the School during the fiscal year were reviewed. The following items were noted: ? One R2T4 was calculated correctly, but $1,533.02 of Federal Grant funds were returned instead of $1,617.45 as required by the R2T4 calculation. ? One R2T4 was calculated correctly; however Federal Pell Grant funds totaling $1,083 were not returned to the Department of Education as required by the R2T4 calculation. ? One R2T4 was calculated correctly, but the funds were not returned timely. The correct amount of funds were returned before audit fieldwork began. Criteria: A R2T4 calculation is required when a student withdraws from all courses during an enrollment period. Funds are required to be returned to the Department of Education or lender within forty-five days of the date of determination. Cause: ? The incorrect amount was returned to the Department of Education. ? Due to a miscommunication between the financial aid and business offices, the School missed returning the R2T4 funds. ? Due to a miscommunication between the financial aid and business offices, the School returned the R2T4 funds after forty-five days from the date of determination. Possible Asserted Effect: ? An additional $84.43 of Federal Pell Grant funds should be returned to the Department of Education. ? $1,083 of Federal Pell Grant funds should be returned to the Department of Education. ? The R2T4 funds were not returned within forty-five days from the date of determination. Repeat Finding: See Finding 2021-005 for a similar finding in the prior year. Statistical Sampling: The sample was not intended to be, and was not, a statistically valid sample. Recommendation: The School should return at total of $1,167.43 of Federal Pell Grant funds. The Financial Aid Office should double check the data entry on the R2T4s. Procedures should be improved to ensure that R2T4 funds are returned timely. Management Response: The Student Financial Aid Director returned $84.43 of Federal Pell funds for the first student in question in November 2022. $1,083 of Federal Pell Grant funds were returned for the second student in question on November 4, 2022. Procedures will be improved to ensure that the R2T4 funds are returned timely.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 39999 2022-001
    Material Weakness
  • 40000 2022-002
    Material Weakness
  • 40001 2022-003
    Material Weakness
  • 40002 2022-004
    Significant Deficiency
  • 40003 2022-005
    - Repeat
  • 40004 2022-007
    -
  • 40005 2022-009
    - Repeat
  • 40043 2022-001
    Material Weakness
  • 40044 2022-002
    Material Weakness
  • 40045 2022-003
    Material Weakness
  • 40046 2022-004
    Significant Deficiency
  • 40047 2022-006
    -
  • 40048 2022-008
    - Repeat
  • 40049 2022-009
    - Repeat
  • 40050 2022-001
    Material Weakness
  • 40051 2022-002
    Material Weakness
  • 40052 2022-003
    Material Weakness
  • 40053 2022-004
    Significant Deficiency
  • 40054 2022-001
    Material Weakness
  • 40055 2022-002
    Material Weakness
  • 40056 2022-003
    Material Weakness
  • 40057 2022-004
    Significant Deficiency
  • 616441 2022-001
    Material Weakness
  • 616442 2022-002
    Material Weakness
  • 616443 2022-003
    Material Weakness
  • 616444 2022-004
    Significant Deficiency
  • 616445 2022-005
    - Repeat
  • 616446 2022-007
    -
  • 616447 2022-009
    - Repeat
  • 616485 2022-001
    Material Weakness
  • 616486 2022-002
    Material Weakness
  • 616487 2022-003
    Material Weakness
  • 616488 2022-004
    Significant Deficiency
  • 616489 2022-006
    -
  • 616490 2022-008
    - Repeat
  • 616492 2022-001
    Material Weakness
  • 616493 2022-002
    Material Weakness
  • 616494 2022-003
    Material Weakness
  • 616495 2022-004
    Significant Deficiency
  • 616496 2022-001
    Material Weakness
  • 616497 2022-002
    Material Weakness
  • 616498 2022-003
    Material Weakness
  • 616499 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $484,684
84.425 Education Stabilization Fund $300,177
84.268 Federal Direct Student Loans $149,449
84.033 Federal Work-Study Program $12,366
84.007 Federal Supplemental Educational Opportunity Grants $11,545