Finding Text
Finding Reference: 2023-002
Federal Agency: U.S. Department of Education
Federal Program: Student Financial Aid Cluster
Compliance Requirement: Reporting
Type of Finding: Material Weakness in Internal Control over Compliance and Noncompliance
Criteria: Institutions are required to report the website (URL) to the Department of Education that explains where students can obtain information concerning the outside organization that is processing refunds for the institution. This is published in the cash management contracts database.
Statement of Condition: The URL noted above was not reported to the Department of Education for publication in the cash management contracts database.
Statement of Cause: The College was not aware of this reporting requirement.
Possible Asserted Effect: The College is not in compliance with reporting required to the Department of Education.
Questioned Costs: None noted.
Context: N/A
Recommendation: We recommend that the College ensure the URL is reported to the Department of Education for publication in the cash management contracts database. Additionally, we recommend the College review reporting requirements and processes to ensure any new requirements are addressed in a timely fashion.
Views of Responsible Officials and Planned Corrective Actions: Management acknowledges and agrees with the findings. On February 15, 2024 HACC filed its contract URL with the Department of Education per 34 CFR 668.164(e)(2)(viii).