Finding Text
Program: U.S. Department of Education; Assistance Listing #84.425E, for 8/1/2021 through 7/31/2022. Criteria: The Uniform Guidance in 2 CFR Section 200.303 requires that non-Federal entities receiving Federal Awards establish and maintain internal control designed to reasonably ensure compliance with Federal Statutes, regulations, and the terms and conditions of the Federal award. Condition: Certain financial aid grants to students were applied to outstanding balances with verbal consent. Context: This is a condition identified per review of the Board?s compliance with specified requirements using a statistically valid sample. Effect: Certain financial aid grants to students were applied to outstanding balances without proper written consent. Cause: Policies and procedures were not followed to ensure transactions are in compliance with regulations. Repeat of a Prior-Year Finding: No Recommendation: The Board should strengthen its policies and procedures over proper procedures to ensure that expenditures are in compliance. View of Responsible Officials: The Board and management agree with this finding.