Finding 963094 (2023-005)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-27
Audit: 298971
Organization: Cabrini University (PA)

AI Summary

  • Core Issue: A significant deficiency was found in the internal controls over compliance, specifically regarding the timely reporting of disbursement dates to the COD system.
  • Impacted Requirements: Institutions must report Pell and Direct Loan disbursements within 15 days, as mandated by federal regulations.
  • Recommended Follow-Up: The University should review and improve its reporting procedures to ensure accurate and timely submissions to the COD system.

Finding Text

Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: 84.063, 84.268 Award Period: 7/1/2022 – 6/30/2023 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: The Department of Education requires institutions to report the disbursement dates and amounts to the Common Origination and Disbursement (COD) system within 15 days of disbursing Pell (34 CFR 690.83(b)(2) and Direct Loan (34 CFR 685.309) funds to a student. Condition: During our testing, we noted 1 of the 40 disbursements tested was not reported within the required 15 days. Questioned Costs: None Context: During our testing, one of the disbursements was not reported to COD within the required 15 days. Cause: There was turnover at the University and this process was supposed to be running automatically, however, the system was not working properly. As a result, the manual process of reporting to COD was not completed timely. Effect: Students interest accrues based on disbursement date reported to COD, thus interest calculation could be skewed due to the discrepancy in disbursement dates reported. Repeat Finding: No. Recommendation: We recommend the University evaluate its procedures and policies around reporting to the COD to ensure that student information is reported accurately and timely. Views of Responsible Officials: Management agrees with the finding.

Categories

Student Financial Aid Reporting Significant Deficiency Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 386637 2023-001
    Significant Deficiency
  • 386638 2023-001
    Significant Deficiency
  • 386639 2023-001
    Significant Deficiency
  • 386640 2023-001
    Significant Deficiency
  • 386641 2023-001
    Significant Deficiency
  • 386642 2023-001
    Significant Deficiency
  • 386643 2023-002
    Significant Deficiency
  • 386644 2023-003
    Significant Deficiency Repeat
  • 386645 2023-003
    Significant Deficiency Repeat
  • 386646 2023-003
    Significant Deficiency Repeat
  • 386647 2023-003
    Significant Deficiency Repeat
  • 386648 2023-003
    Significant Deficiency Repeat
  • 386649 2023-003
    Significant Deficiency Repeat
  • 386650 2023-004
    Significant Deficiency
  • 386651 2023-005
    Significant Deficiency
  • 386652 2023-005
    Significant Deficiency
  • 386653 2023-006
    Significant Deficiency
  • 386654 2023-006
    Significant Deficiency
  • 386655 2023-006
    Significant Deficiency
  • 386656 2023-006
    Significant Deficiency
  • 386657 2023-006
    Significant Deficiency
  • 386658 2023-006
    Significant Deficiency
  • 386659 2023-007
    Significant Deficiency Repeat
  • 386660 2023-007
    Significant Deficiency Repeat
  • 963079 2023-001
    Significant Deficiency
  • 963080 2023-001
    Significant Deficiency
  • 963081 2023-001
    Significant Deficiency
  • 963082 2023-001
    Significant Deficiency
  • 963083 2023-001
    Significant Deficiency
  • 963084 2023-001
    Significant Deficiency
  • 963085 2023-002
    Significant Deficiency
  • 963086 2023-003
    Significant Deficiency Repeat
  • 963087 2023-003
    Significant Deficiency Repeat
  • 963088 2023-003
    Significant Deficiency Repeat
  • 963089 2023-003
    Significant Deficiency Repeat
  • 963090 2023-003
    Significant Deficiency Repeat
  • 963091 2023-003
    Significant Deficiency Repeat
  • 963092 2023-004
    Significant Deficiency
  • 963093 2023-005
    Significant Deficiency
  • 963095 2023-006
    Significant Deficiency
  • 963096 2023-006
    Significant Deficiency
  • 963097 2023-006
    Significant Deficiency
  • 963098 2023-006
    Significant Deficiency
  • 963099 2023-006
    Significant Deficiency
  • 963100 2023-006
    Significant Deficiency
  • 963101 2023-007
    Significant Deficiency Repeat
  • 963102 2023-007
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $9.79M
84.063 Federal Pell Grant Program $2.23M
84.038 Federal Perkins Loan Program $516,627
84.365 English Language Acquisition State Grants $508,661
84.007 Federal Supplemental Educational Opportunity Grants $184,175
84.033 Federal Work-Study Program $84,132
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $77,328
84.021 Overseas Programs - Group Projects Abroad $74,106
45.149 Promotion of the Humanities_division of Preservation and Access $42,379
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $24,845
84.016 Undergraduate International Studies and Foreign Language Programs $16,841
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $10,845