Finding 634907 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-02-20
Audit: 55290
Organization: McDaniel College and Subsidiary (MD)

AI Summary

  • Core Issue: The College did not publicly post the required institutional report for HEERF funds for the quarter ending March 31, 2022.
  • Impacted Requirements: This violates the CARES Act's requirement for timely public reporting of HEERF fund usage.
  • Recommended Follow-Up: Assign a person to monitor federal reporting requirements and ensure timely posting of reports on the College's website.

Finding Text

Finding 2022-001 - Reporting Federal Programs: COVID-19 - Education Stabilization Fund - Institutional Portion Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F Federal Award Year: May 31, 2022 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the ?final report? box. Additionally the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. Condition/Context: The institutional report for the quarter ending March 31, 2022 was not publicly posted to the College's website at the time of our audit. Cause: The College failed to follow HEERF institutional quarterly reporting requirements to ensure information is publicly available on their website. Effect: The College did not provide the public with timely data related to the amount and use of HEERF institutional aid spent during the quarter. Questioned Costs: None. Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance. Regular monitoring should be performed to ensure these reports are available to members of the public when public reporting requirements are present. Views of Responsible Officials and Planned Corrective Actions: The Consumer Information section of the College?s web page will be reviewed independently on the required filing dates to ensure that the information is appropriately posted.

Categories

Subrecipient Monitoring Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $12.53M
84.063 Federal Pell Grant Program $3.06M
84.425 Covid-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund - Institutional Portion $2.22M
84.425 Covid-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund - Student Aid Portion $2.21M
84.038 Federal Perkins Loan Program $1.29M
84.033 Federal Work-Study Program $269,860
84.007 Federal Supplemental Educational Opportunity Grants $174,748
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $85,249
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $18,860