Finding Text
2022-002 Accurate Quarterly Reporting Federal Agency: U.S. Department of Education 84.425F HEERF ? Institutional Portion Criteria ? Per Federal Regulation 2 CFR Section 200.329(b), the Department of Education must require a recipient to provide financial data and accomplishments. The Department of Education required quarterly reports to be prepared by all recipients of HEERF funds, outlining the student funds used and the institutional funds used. Condition ? During review of the quarterly reports for HEERF, and reviewing against expenses, it was noted that the College was not submitting the reports with the expenses they intended to charge to HEERF in the quarter the expense was incurred. Questioned Costs ? N/A. Effect ? The quarterly reports submitted do not accurately reflect the use of the HEERF funding. Perspective Information ? There was no strong guidance for the College on reporting requirements for this grant. The College was under the impression that they should report the expenses they chose to apply to the grant in the quarter they chose to charge the grant rather than the quarter the expense was incurred. Cause ? Due to the lack of guidance, the College was incorrectly reporting the expenses in the quarter in which they applied the expense against the grant, rather than the quarter in which the grant expense was incurred. Recommendation ? We recommend that the College amend their prior quarterly reports and repost, which they are in the process of doing.