Finding 621690 (2022-005)

-
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2022-11-05
Audit: 40639
Organization: Wayland Baptist University (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: One student was under-awarded Pell funds due to a timing error in enrollment reporting.
  • Impacted Requirements: Compliance with 34 CFR 690.63(b) regarding accurate Pell award calculations based on current enrollment status.
  • Recommended Follow-Up: Implement a process to ensure Pell awards reflect the most up-to-date enrollment information.

Finding Text

Incorrect Pell Calculations DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: One student out of 48 was not properly awarded Pell based on enrollment status. Criteria: 34 CFR 690.63(b) Questioned Costs: $-0- Context: One student added additional classes just before the second module started. These classes were not captured in the enrollment status report used to pay Pell, and resulted in this student being eligible for $1,623 more than they received. This was not corrected during the audit. Cause: The enrollment report was pulled before the start of class, and there was not a second enrollment report to identify differences between those scheduled and those began. Effect: There was an incorrect amount of Pell paid to this student. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend a process be used to adjust Pell to be paid in alignment with enrollment status and classes in which the student began attendance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 41637 2022-002
    Material Weakness Repeat
  • 45247 2022-003
    Material Weakness Repeat
  • 45248 2022-005
    -
  • 45249 2022-006
    -
  • 45250 2022-002
    Material Weakness Repeat
  • 45251 2022-003
    Material Weakness Repeat
  • 45252 2022-004
    Significant Deficiency Repeat
  • 45253 2022-006
    -
  • 618079 2022-002
    Material Weakness Repeat
  • 621689 2022-003
    Material Weakness Repeat
  • 621691 2022-006
    -
  • 621692 2022-002
    Material Weakness Repeat
  • 621693 2022-003
    Material Weakness Repeat
  • 621694 2022-004
    Significant Deficiency Repeat
  • 621695 2022-006
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $16.31M
84.063 Federal Pell Grant Program $4.88M
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $4.51M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $4.12M
84.007 Federal Supplemental Educational Opportunity Grants $265,650
84.033 Federal Work-Study Program $134,681
84.038 Federal Perkins Loan Program $125,412
84.425 Covid-19 Education Stabilization Fund Heerf -- Supplemental Assistance to Institutions of Higher Education Program $121,174
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $15,088