Finding Text
2022-005 Quarterly Reporting Criteria - Quarterly public reporting for institutional and student aid portion expenses of the Education Stabilization Fund are required to be posted to the institution?s primary website no later than 10 days after the end of each calendar quarter. Condition - The Institute stated 3 of 4 quarterly reports selected for testing were not posted to their website within 10 days after the end of the calendar quarter. The Institute stated 1 of the 4 quarterly reports selected for testing was posted timely; however, the Institute was unable to provide information to show the date of the posting to their website. At the time of the audit, all reports were posted on the Institute?s website. Effect - As a result of this condition, the required information was not provided to the public timely and therefore, not in compliance with the grant requirements. Cause - The cause of the lack of timely reporting evidence was due to the untimely submission of the reports. The reports are currently posted and are present in the required locations. Recommendation - We recommend that the Institute establish controls and procedures to ensure quarterly reporting is posted timely in accordance with the grant requirements. Response - Largely, the demands of operating a college during a pandemic, and the constantly changing reporting requirements caused an inappropriate prioritization of the reporting and the documentation of the date of reporting. Conclusion - Response accepted.