Finding Text
FISAP Reporting DEPARTMENT OF EDUCATION
ALN #: 84.038
Federal Award Identification #: 2022-2023 Financial Aid Year
Condition: The College did not accurately report certain items relating to Perkins reporting on the FISAP report.
Criteria: 34 CFR 668.24(e)
Questioned Costs: $0
Context: The College did not properly report Perkins cash on hand information on the most recent FISAP.
Cause: Oversight by management.
Effect: FISAP cash on hand was overstated which potentially leads to the College returning more cash to the Department of Education than required.
Identification as repeat finding, if applicable: Not applicable.
Recommendation: We recommend the College work with the Department of Education to correct errors in the Perkins portion of the FISAP.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.