Finding Text
Compliance and Internal Control Finding 2023-009 Education Stabilization Fund 84.425 Requirements: (L) Reporting Condition: The college did not publicly post the required quarterly student aid reports. Criteria: CARES Act requires public reporting of student aid funds disbursed. Cause: The College's knowledge and internal controls around federal requirements need improvement. Effect: The College is not in compliance with federal regulations. Repeat Finding: Not a repeat finding Recommendation: RBT suggests that the College develop and follow detailed controls over federal grant requirements. Management’s Response: See corrective action plan.