SOUTHERN VERMONT COLLEGE

EIN: 030214106

UEI: GSA_MIGRATION

Data as of August 22, 2026

SOUTHERN VERMONT COLLEGE4 audit years5 findings1 repeat
4
Audit Years
5
Total Findings
1
Repeat Findings

FY 2019-05-18

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 26, 2020. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by July 26, 2020 (2219 days ago).

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2019-001
Other

Finding 2019-001 Award Name: Student Financial Aid Cluster and Trio Cluster CFDA Number: 84.007, 84.033, 84.063, 84.268, 84.042A Condition Found: Because of the closure of the College, management and governance has elected to have the compliance audit performed, but not the financial statement audit. Criteria: Per 2 CFR 200.514(a), an entity that disburses more than $750,000 in federal funds must have a single audit performed. Context: Because of the pending closure, the College has chosen to forego having their full financial statements audited and has chosen to have its Title IV funds audited, as required by 34 CFR 668.26(b)(2)(ii). Effects: The effect of this decision is unknown. Questioned Costs: N/A Cause of Non-Compliance: The College has chosen to perform the compliance audit as required of a closing institution but not the financial statement audit. Recommendation for Corrective Action: We recommend the college have the required audit performed.

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Finding 2019-001 Award Name: Student Financial Aid Cluster and Trio Cluster CFDA Number: 84.007, 84.033, 84.063, 84.268, 84.042A Condition Found: Because of the closure of the College, management and governance has elected to have the compliance audit performed, but not the financial statement audit. Criteria: Per 2 CFR 200.514(a), an entity that disburses more than $750,000 in federal funds must have a single audit performed. Context: Because of the pending closure, the College has chosen to forego having their full financial statements audited and has chosen to have its Title IV funds audited, as required by 34 CFR 668.26(b)(2)(ii). Effects: The effect of this decision is unknown. Questioned Costs: N/A Cause of Non-Compliance: The College has chosen to perform the compliance audit as required of a closing institution but not the financial statement audit. Recommendation for Corrective Action: We recommend the college have the required audit performed.

Corrective Action Plan

Southern Vermont College officially closed the doors on 5/31/2019. NO corrective actions will be made.

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FY 2017-06-30

FAC accepted this audit on January 10, 2018 — management decision was due July 10, 2018.

2017-001
Eligibility
QUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2017-002
Special Tests & Provisions
QUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2017-003
Reporting

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2016-06-30

FAC accepted this audit on January 24, 2017 — management decision was due July 24, 2017.

2016-001
Eligibility
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-002

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Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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