Finding 963795 (2023-001)

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Requirement
P
Questioned Costs
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Year
2023
Accepted
2024-03-28
Audit: 299541
Organization: Georgian Court University (NJ)
Auditor: Bdo USA PC

AI Summary

  • Core Issue: The University failed to include approximately $162,000 provided to subrecipients in the SEFA for the Transition Program grant.
  • Impacted Requirements: This oversight violates SEFA presentation and disclosure requirements outlined in federal regulations.
  • Recommended Follow-Up: Enhance policies and procedures to ensure compliance with SEFA guidelines and proper identification of all required elements.

Finding Text

Federal Program Information: Transition Program for Students with Intellectual Disabilities into Higher Education Grant (ALN: 84.407A). Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): The auditee must prepare a schedule of expenditures of Federal awards (“SEFA”) for the period covered by the auditee's financial statements which must include the total Federal awards expended as determined in accordance with § 200.502. At a minimum, the schedule must: (1) List individual Federal programs by Federal agency. For a cluster of programs, provide the cluster name, list individual Federal programs within the cluster of programs, and provide the applicable Federal agency name. For R&D, total Federal awards expended must be shown either by individual Federal award or by Federal agency and major subdivision within the Federal agency. (2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity must be included. (3) Provide total Federal awards expended for each individual Federal program and the Assistance Listings Number or other identifying number when the Assistance Listings information is not available. For a cluster of programs also provide the total for the cluster. (4) Include the total amount provided to subrecipients from each Federal program. (5) For loan or loan guarantee programs described in § 200.502(b), identify in the notes to the schedule the balances outstanding at the end of the audit period. This is in addition to including the total Federal awards expended for loan or loan guarantee programs in the schedule. (6) Include notes that describe that significant accounting policies used in preparing the schedule, and note whether or not the auditee elected to use the 10% de minimis cost rate as covered in § 200.414 (2 CFR section 200.510(b)). Condition: For certain Federal grant programs presented on the SEFA, the total amount provided to subrecipients during the year was not included. Cause: Administrative oversight with respect to SEFA preparation. Effect or Potential Effect: The University was not in compliance with SEFA presentation and disclosure requirements. Questioned Costs: None. Context: The University did not properly present and disclose approximately $162,000 of funds passed to subrecipients under the Transition Programs for Students with Intellectual Disabilities into Higher Education grant (ALN 84.407A) on the SEFA for the year ended June 30, 2023. Identification as a Repeat Finding: No similar findings noted in the prior year. Recommendation: We recommend the University enhance its policies and procedures to ensure that the SEFA has been prepared in accordance with the required guidelines and that it contains all minimum required elements that must be presented and disclosed, in accordance with federal regulations. Views of Responsible Officials and Planned Corrective Actions: The University Finance department has updated their policies and procedures to ensure that the SEFA is being prepared in accordance with required guidelines. We will work closely with our grants department to ensure all required elements are properly identified and disclosed.

Categories

Subrecipient Monitoring Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $10.66M
84.063 Federal Pell Grant Program $2.50M
84.407 Transition Programs for Students with Intellectual Disabilities Into Higher Education $500,723
84.042 Trio_student Support Services $317,464
84.033 Federal Work-Study Program $163,042
84.007 Federal Supplemental Educational Opportunity Grants $125,816
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $66,936
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $19,331