Finding 64084 (2022-005)

Significant Deficiency

Requirement

Questioned Costs

Year

2022

Accepted

2022-10-24

Audit: 70019

Organization: Morrison Institute of Technology (IL)

Auditor: Winkel Parker & Foster CPA PC

AI Summary

Core Issue: Three out of four quarterly reports were not posted on the website within the required 10-day timeframe.
Impacted Requirements: Timely public reporting of Education Stabilization Fund expenses is mandatory for compliance with grant requirements.
Recommended Follow-Up: Implement controls and procedures to ensure all quarterly reports are posted on time moving forward.

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.

Corrective Action Plan

2022-005 Quarterly Reporting 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. Corrective Action Plan - Quarterly reports will be done in a timely manner and a copy will be emailed to the Department of Education. This email will provide documentation that the reports were completed and posted in a timely manner. A screenshot of the website will also be collected. Additionally, the reports will be previewed and reviewed before submission at biweekly departmental meetings. Contact Person, Title and Phone Number - Scott Connelly, Vice President of Academics, Director of Career and Student Services, (815)-772-7218, Ext. 215 Anticipated Completion Date - October 1, 2022

Other Findings in this Audit

64082 2022-003

Material Weakness
64083 2022-004

Significant Deficiency
64085 2022-005

Significant Deficiency
640524 2022-003

Material Weakness
640525 2022-004

Significant Deficiency
640526 2022-005

Significant Deficiency
640527 2022-005

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
84.268	Federal Direct Student Loans	$529,045
84.425	Education Stabilization Fund	$269,755
84.063	Federal Pell Grant Program	$157,808
84.007	Federal Supplemental Educational Opportunity Grants	$20,021
84.033	Federal Work-Study Program	$11,883