Finding Text
Program Information: COVID-19 ? Education Stabilization Fund (?ESF?) (ALN: 84.425E, 84.425F and 84.425J) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): L. Reporting ? ESF Special Reporting ? Quarterly Public Reporting ? The University is required to publicly post certain information for the Student Aid Portion award on the University?s website in a conspicuous location. Institutions must post certain key line items identified by the ED as critical information directly to their website each calendar quarter, and reports must be updated no later than 10 days after the end of each calendar quarter. Condition: Certain key line items were not correctly reported in the University?s quarterly reports. Additionally, the University did not prepare quarterly reports using the appropriate reporting form, thus certain information could not be reconciled to underlying documentation. Cause: Administrative oversight with respect to ESF quarterly public reporting requirements. Effect or Potential Effect: The University is not in compliance with ESF reporting requirements. Questioned Costs: None. Context: For 2 of 2 quarters selected for testing, certain required key line items for the Student Aid Portion awards reported on the University?s website were not correctly reported. Additionally, the University did not prepare quarterly reports using the appropriate reporting form, thus certain information could not be reconciled to underlying documentation. Identification of Repeat Finding: No similar findings noted in the prior year. Recommendation: We recommend the University enhance its policies and procedures over ESF quarterly reporting to ensure that all required information is reported accurately and in accordance with federal regulations.