Finding Text
2023-008 Cash Management
Federal Assistance Listing Number: 84.425F
Name of Program or Cluster: COVID-19 - Higher Education Emergency Relief Fund (HEERF)
Institutional Aid
Agency: U.S. Department of Education
Criteria: COVID-19 - Higher Education Emergency Relief Fund (HEERF) Institutional Aid (“COVID-19 HEERF”) funds should be disbursed within three calendar days of the drawdown from the U.S. Department of Education’s G5 grants management system portal.
Condition: The College did not disburse funds within three calendar days of the G5 drawdown.
Cause: COVID-19 HEERF Institutional expenses were not reconciled to the G5.
Effect: Noncompliance with OMB federal grant compliance requirements.
Questioned Costs: None.
Repeat Finding: No.
Recommendation: The College should develop a process for reconciling all G5 drawdowns to grant expenditures and disbursed in accordance to the compliance requirements.
Views of Responsible Officials: See corrective action plan attached.