EIN: 113203397
UEI: LNCMPVNTL6K5
Audited by: Bunker & Co CPA
Oversight agency: 84 [Department of Education]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 2026. 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 September 30, 2026 (31 days from today).
What is a management decision? →FAC accepted this audit on March 25, 2025 — management decision was due September 25, 2025.
FAC accepted this audit on March 26, 2024 — management decision was due September 26, 2024.
FAC accepted this audit on March 29, 2024 — management decision was due September 29, 2024.
FAC accepted this audit on May 21, 2023 — management decision was due November 21, 2023.
FAC accepted this audit on September 29, 2022 — management decision was due March 29, 2023.
Finding 2021-001 ? Special Reporting Program: Education Stabilization Fund ALN: 84.425E Federal Agency: US Department of Education Criteria ? In accordance with 86 FR 26213, institutions are required to publicly post on their website certain information relating to the HEERF grant. Condition ? RCOSY did not publicly post a report covering emergency financial aid grants to students for the quarter ending June 30, 2021. Cause ? Being that the program is new, and the reporting requirements were revised multiple times, the staff did not have a sufficient understanding of the compliance requirements and there were no monitoring controls in place to ensure reporting was being performed in accordance with requirements. Effect ? Institutions that have not met the reporting requirements may be subject to enforcement actions, up to and including being determined to be ineligible for certain other HEERF program funding. Questioned Costs ? None Context ? RCOSY failed to report financial aid grants to students for the quarter ending June 30, 2021, in the amount of $195,000. Recommendation ? RCOSY should review all new grants for specific compliance requirements, and to provide education on the reporting requirements to staff involved in the preparation and review of the HEERF. Views of Responsible Official ? RCOSY agrees with the finding and will provide education on the related reporting requirements.
Show full finding ▾Hide full finding ▴Finding 2021-001 ? Special Reporting Program: Education Stabilization Fund ALN: 84.425E Federal Agency: US Department of Education Criteria ? In accordance with 86 FR 26213, institutions are required to publicly post on their website certain information relating to the HEERF grant. Condition ? RCOSY did not publicly post a report covering emergency financial aid grants to students for the quarter ending June 30, 2021. Cause ? Being that the program is new, and the reporting requirements were revised multiple times, the staff did not have a sufficient understanding of the compliance requirements and there were no monitoring controls in place to ensure reporting was being performed in accordance with requirements. Effect ? Institutions that have not met the reporting requirements may be subject to enforcement actions, up to and including being determined to be ineligible for certain other HEERF program funding. Questioned Costs ? None Context ? RCOSY failed to report financial aid grants to students for the quarter ending June 30, 2021, in the amount of $195,000. Recommendation ? RCOSY should review all new grants for specific compliance requirements, and to provide education on the reporting requirements to staff involved in the preparation and review of the HEERF. Views of Responsible Official ? RCOSY agrees with the finding and will provide education on the related reporting requirements.
CORRECTIVE ACTION PLAN Finding 2021-001 ? Special Reporting Program: Education Stabilization Fund ALN: 84.425E Federal Agency: US Department of Education Auditor?s Recommendation RCOSY should review all new grants for specific compliance requirements, and to provide education on the reporting requirements to staff involved in the preparation and review of the HEERF. Corrective Action RCOSY agrees with the finding. We are working to post the missing quarterly reports to our website and providing education to the appropriate staff on the requirements for quarterly reporting. The reports will be reviewed by an individual other than the person preparing the reports prior to submission. Anticipated Completion Date September 30, 2022 Contact Person Responsible for Correction Action Rosa Friedman, Financial Aid director rosafriedman@theJnet.com
FAC accepted this audit on September 16, 2021 — management decision was due March 16, 2022.
FAC accepted this audit on July 8, 2020 — management decision was due January 8, 2021.
FAC accepted this audit on March 28, 2019 — management decision was due September 28, 2019.
FAC accepted this audit on March 21, 2018 — management decision was due September 21, 2018.
FAC accepted this audit on March 30, 2017 — management decision was due September 30, 2017.
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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