Finding 948497 (2023-001)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-04
Audit: 293308
Organization: Central Methodist University (MO)

AI Summary

  • Core Issue: The University inaccurately reported HEERF expenditures for Q3 2022 by using actual institutional expenditures instead of the required draws from G5.
  • Impacted Requirements: Compliance with Department of Education guidelines for HEERF reporting, which specify that only drawn and disbursed funds should be reported.
  • Recommended Follow-Up: Develop and implement clear policies and procedures to ensure accurate reporting in the future.

Finding Text

U.S. Department of Education Finding 2023-001 (continuing finding): Higher Education Emergency Relief Fund (HEERF) Reporting (significant deficiency) Statement of Condition: Per the Department of Education, the required quarterly institutional reports should only include expenditures for the quarter if the funds had been drawn down from G5 and disbursed during the quarter. The University publicly posted the required quarterly institutional reports for HEERF using actual institutional expenditures, rather than actual draws, for Q3 2022. No other issues were noted with the accuracy of the reports. Criteria: The Department of Education requires that institutions publicly post the required reports to the institution's website that only include the expenditures drawn down from G5 and disbursed during the quarter. Effect of Condition: As the University posted actual institutional expenditures, rather than actual draws, for Q3 2022, the University was not in compliance with the HEERF reporting requirements for that quarter. Cause of Condition: The errors were due to a lack of clarity/uncertainty with the HEERF reporting requirements. Recommendation: We recommend the University develop and implement policies and procedures to ensure the reports are accurate. Management's Response: Management agrees and will correct the Q3 2022 HEERF report accordingly.

Categories

Reporting Significant Deficiency

Other Findings in this Audit

  • 372054 2023-001
    Significant Deficiency Repeat
  • 372055 2023-001
    Significant Deficiency Repeat
  • 372056 2023-001
    Significant Deficiency Repeat
  • 948496 2023-001
    Significant Deficiency Repeat
  • 948498 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $13.07M
84.007 Federal Supplemental Educational Opportunity Grants $9,500
84.033 Federal Work-Study Program $9,500
84.063 Federal Pell Grant Program $7,995
84.425 Education Stabilization Fund $6,138