Finding Text
The information included in FISAP should agree with the School’s records. However, several variances were noted in comparison to School's records, as follows:
1) For fiscal year ending June 30, 2022, the most recent FISAP submitted during fiscal year ending June 30, 2023, Federal Work Study’s (FWS) institutional and federal share did not agree to the general ledger. FISAP disclosed $47,927 and $86,616 of Institutional and Federal Share, respectively, while the School's general ledger included a total of $35,366 and $97,909 of Institutional and Federal Share, respectively. This resulted in a variance of $12,561 and $(11,293) of Institutional and Federal Share, respectively;
2) Part II, Section A, line 22 included total tuition and fees of $48,931,400 as compared to the School's trial balance of $49,648,675. This resulted in a variance of $717,275;
3) Part III, Sections A and B included various differences in comparison to the ECSI report and trial balance, as illustrated below: