Finding 948722 (2023-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-05
Audit: 293553
Organization: Sweet Briar Institute (VA)
Auditor: Bdo USA PC

AI Summary

  • Core Issue: The College missed the deadline for posting the HEERF quarterly report and used an outdated form.
  • Impacted Requirements: Institutions must post HEERF reports within 10 days of the quarter's end using the latest form.
  • Recommended Follow-up: Improve internal controls and procedures for timely and accurate HEERF reporting.

Finding Text

Reporting Information on Federal Program(s) - COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (Federal Assistance Listing #84.425F) Criteria or Specific Requirement – An institution receiving HEERF funds is required to publicly post quarterly HEERF reports forms conspicuously on its website no later than 10 days after the calendar quarter end using the appropriate version of the quarterly report form. Condition – The College publicly posted the September 30, 2022 quarterly report on October 24, 2022, which was after the October 10, 2022 deadline. Additionally, the quarterly report form used for the September 30, 2022 quarterly reporting was not the most current version. Cause – Administrative oversight in internal controls over HEERF quarterly reporting requirements. Effect or Potential Effect - The Institute was not in compliance with the HEERF quarterly reporting requirements. Questioned Costs – None. Context – 1 of 1 quarterly report required to be publicly posted during the year ended June 30, 2023. Indication of Repeat Finding – No similar finding noted in the prior year. Recommendation – We recommend that the Institute enhances its procedures and its internal controls over HEERF quarterly reporting requirements. Views of Responsible Officials – The Institute agrees with this finding. The Institute made every attempt to meet the myriad of requirements throughout the various HEERF funding periods, with ever changing forms and due dates. The quarterly report noted was the final reporting requirement for all HEERF funds received by the Institute. Since no further reports are required, there is no action taken.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 372278 2023-001
    Significant Deficiency Repeat
  • 372279 2023-001
    Significant Deficiency Repeat
  • 372280 2023-002
    Significant Deficiency
  • 948720 2023-001
    Significant Deficiency Repeat
  • 948721 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.11M
84.063 Federal Pell Grant Program $739,935
84.425 Education Stabilization Fund $295,717
84.007 Federal Supplemental Educational Opportunity Grants $41,803
84.033 Federal Work-Study Program $40,089
84.038 Federal Perkins Loans $0