FAC Explorer

Finding 72376 (2022-003)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-12
Audit: 64382
Organization: Sierra Nevada College (NV)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: Quarterly HEERF reports were submitted cumulatively instead of separately for each quarter.
  • Impacted Requirements: Reports must follow Department of Education guidelines, which specify that data should not be cumulative.
  • Recommended Follow-Up: Implement a process to ensure compliance with reporting requirements and prevent future errors.

Finding Text

2022-003: U.S. Department of Education Higher Education Emergency Relief Fund COVID-19 ? Higher Education Emergency Relief Fund ? Student Portion, Assistance Listing 84.425E P425E200015 Reporting Material Weakness in Internal Control over Compliance Criteria: Based upon the guidance provided by the Department of Education, the quarterly reports should appear on separate documents by quarter and should not be cumulative. Condition: The quarterly HEERF reports were reported on a cumulative basis rather than the information for only that quarter. Cause: The University did not have internal controls to ensure that the data reported on the quarterly student HEERF reports were quarterly information rather than cumulative. Effect: The information submitted on the quarterly student HEERF reports reported cumulative data rather than only the information for that quarter. Questioned Costs: None Context/Sampling: Nonstatistical sampling was used. Sample size of 3 reports were selected out of a total of 5 reports required to be submitted during the year. Repeat Finding From Prior Year: No Recommendation: We recommend that the University implement a process to ensure that all information submitted for the quarterly reporting is based upon the guidance provided by the Department of Education. Views of Responsible Officials: Management agrees with the finding; however, management disagrees with the classification of the finding as a material weakness versus a significant deficiency.

Corrective Action Plan

Finding 2022-003 U.S. Department of Education Higher Education Emergency Relief Fund COVID ? 19 Higher Education Emergency Relief Fund ? Student Portion, Assistance Listing 84.425E P425E200015 Reporting Material Weakness in Internal Control over Compliance Finding Summary: In the current year the quarterly HEERF reports were reported on a cumulative basis rather than only reporting the information for that quarter as per the guidance from the Department of Education. Responsible Individuals: Maia Rowland, Student Financial Aid Director Corrective Action Plan: This issue will cease to exist in the future due to the acquisition of SNU by UNR. The acquisition of SNU by UNR was effective July 1, 2022. Anticipated Completion Date: This issue will cease to exist in the future due to the acquisition of SNU by UNR. The acquisition of SNU by UNR was effective July 1, 2022.

Categories

Material Weakness Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 72371 2022-002
    Material Weakness
  • 72372 2022-002
    Material Weakness
  • 72373 2022-002
    Material Weakness
  • 72374 2022-002
    Material Weakness
  • 72375 2022-002
    Material Weakness
  • 648813 2022-002
    Material Weakness
  • 648814 2022-002
    Material Weakness
  • 648815 2022-002
    Material Weakness
  • 648816 2022-002
    Material Weakness
  • 648817 2022-002
    Material Weakness
  • 648818 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.24M
84.063 Federal Pell Grant Program $413,743
84.425 Education Stabilization Fund $69,347
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $51,979
84.007 Federal Supplemental Educational Opportunity Grants $34,887
84.033 Federal Work-Study Program $14,105
93.859 Biomedical Research and Research Training $6,822