Finding Text
2022-003 Education Stabilization Fund reporting Grantor: Department of Education Award Name: COVID-19 Education Stabilization Fund ? Student Aid Portion Award Year: July 1, 2021 ? June 30, 2022 Award Number: P425E204900 - 20B Assistance Listing Numbers: 84.425E Criteria In accordance with Coronavirus Response and Relief Supplemental Appropriations Act section 314(c)(1), (c)(3), and American Rescue Plan section 2003(5) and Pub. L. No. 117-2 (March 11, 2021), the entity is required to publicly post information no later than 30 days after the award and update that information every calendar quarter and post the report no later than 10 days after the end of each calendar quarter (i.e., Jan 10, April 10, July 10, and October 10). Condition We tested two of four quarterly report submissions that were required during the fiscal year for the student portion of funding received under the Higher Education Emergency Relief program. One of the submissions tested, the April 10th submission, was not submitted by the required deadline and was 14 days late. Cause The late reporting submission was an oversight as a result of turnover in the College?s Student Financial Aid department. Once the oversight was identified, the College filed the submission shortly thereafter. Effect The lack of timely and accurate reports could impact decision making of report users, including the Department of Education and the general public, among others. Questioned Costs None identified. Recommendation We recommend management establish automated reporting reminders that provide a notification to the individual submitting the report that the report is coming due. Management?s Views and Corrective Action Plan Management?s Views and Corrective Action Plan are included at the end of this report after the summary schedule of prior audit findings and status.