Finding Text
Finding 2022-009: Eligibility ? Significant Deficiency and Noncompliance Federal Program: Student Financial Assistance Cluster - Federal Pell Grant Program Federal Agency: U.S. Department of Education Pass-Through Entity: Not applicable Assistance Listing Number: 84.063 Federal Award Year: June 30, 2022 Criterion: Title IV regulations (34 CFR 630.63) determines the method of calculating the Pell Award for a payment period. Condition and Context: For three of the twenty-five students selected for testing, the Pell Award calculation was not correctly performed, and the students did not receive an adequate amount of Pell Award for the period under audit. Our sample was not statistically valid. Cause and Effect: The College experienced several personnel changes in the financial aid office and did not have proper controls in place to monitor these requirements. As a result, the College did not perform adequate review and approval procedures over the calculation of the Pell Award. Recommendation: We recommend the College develop sufficient, appropriate internal controls over the calculation of the Pell Award for students. Management Response: Management agrees with this finding. The Vice President of Finance, Operations and IT and the Director of Financial Operations will enforce policies and procedures to ensure the Pell Award calculation are accurately performed.