Finding Text
DEPARTMENT OF EDUCATION
ALN #: 84.063 and 84.263
Federal Award Identification #: 2022-2023 Financial Aid Year
Condition: Detailed reconciliations between COD and the University student information system were not performed.
Criteria: 34CFR 668.164(a)
Questioned Costs: $0
Context: Of the three months of reconciliations that were tested, it was noted that the reconciliations between COD and the University student information system were performed on a batch basis and were not on a student-by-student basis.
Cause: Oversight by the University. The reconciliations of University records to COD were not completed on a student-by-student basis.
Effect: Potential differences between the system and COD resulting in inaccurate student Title IV records.
Identification as repeat finding, if applicable: 2022-006
Recommendation: We recommend that the University implement procedures to monthly reconcile FDL and Pell disbursements to individual student accounts with disbursements reported to COD.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.