EIN: 430670936
UEI: EBYVJ3MCKDC5
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 19, 2025. 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 19, 2025, which was (336 days ago).
What is a management decision? →Finding 2024-002: Inaccurate Reporting of Disbursement Dates to the COD System – SFA Cluster (significant deficiency) Statement of Condition: The Financial Aid Office does not consistently report disbursement dates to COD correctly. Criteria: According to 34 CFR 668.164(a), Disbursing Funds, an institution makes a disbursement of Title IV, HEA funds on the date that the institution credits a student’s account at the institution or pays a student or parent directly with funds received from the Secretary; or institutional funds used in advance of receiving Title IV, HEA funds. Cause of Condition: The College did not consistently follow their policy over COD reporting to ensure the date awards are disbursed to students agrees to the date the disbursement is reported in the COD system. Effect of Condition: The College’s inadequate reporting caused two (2) out of six (6) students tested to be incorrectly reported to COD. Recommendation: We recommend the College establish and follow COD reporting procedures to ensure that the institution accurately reports to COD the date that the institution disburses Title IV funds to each student’s ledger account. Management’s Response: Management agrees and will submit a Corrective Action Plan to address these issues.
AUDIT FINDINGS Finding Reference Number: Finding 2024-002 Description of Finding: Statement of Condition: The Financial Aid Office does not consistently report disbursement dates to COD correctly. Two (2) out of six (6) students tested had been incorrectly reported to COD. Statement of Concurrence or Nonconcurrence: According to 34 CFR 668.164(a), Disbursing Funds, an institution makes a disbursement of Title IV, HEA funds on the date that the institution credits a student’s account at the institution or pays a student or parent directly with funds received from the Secretary; or institutional funds used in advance of receiving Title IV, HEA funds. Corrective Action: To ensure timely and accurate processing of financial aid disbursements, the Office of Accounting and the Office of Financial Aid will implement a Disbursement Memorandum outlining specific procedures. The Office of Accounting must upload disbursement files into PowerCampus on the same day they are received from the Office of Financial Aid. If disbursement files cannot be uploaded due to system issues, staff illness, or other delays, the Office of Accounting must immediately notify the Office of Financial Aid. In such cases, the Office of Financial Aid will update disbursement dates in COD as needed. The Office of Financial Aid already has a process in place to identify and correct mismatches between disbursement dates in PowerFAIDS and COD, and this process will continue as part of ongoing reconciliation efforts. The Office of Accounting will maintain awareness of the importance of same-day uploads and exercise diligence in ensuring compliance with this requirement. This corrective action plan will enhance coordination between offices, reduce discrepancies, and improve compliance with federal reporting requirements. Name of Contact Person: Keri Gilbert Associate Vice President of Financial Aid Analytics and Compliance (573) 876-7106 Projected Completion Date: 3/10/2025
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 28, 2023. 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 28, 2023, which was (1058 days ago).
What is a management decision? →Finding 2022-001: Policies and Procedures Related to Withdrawals ? SFA Cluster (significant deficiency) Statement of Condition: From our testing sample of ten (10) students, we found three (3) instances where changes in student status due to withdrawal were not reported timely and two (2) instances where the Title IV funds were not returned correctly or timely. Criteria: In accordance with 34 CFR 668.22, Treatment of Title IV Funds When a Student Withdrawals, any changes to a student?s enrollment status are required to be reported within thirty (30) days, or within sixty (60) days if a roster file is expected within that time frame. Also in accordance with 34 CFR 668.22, Treatment of Title IV Funds When a Student Withdrawals, all students who withdraw and receive Title IV funds should be identified so that return calculations can be performed and any refunds can be made within forty-five (45) days of the school?s determination that the student has withdrawn. Effect of Condition: We found three (3) instances where changes in student status due to withdrawal were not reported timely and two (2) instances where the Title IV funds were not returned correctly or timely. Cause of Condition: The changes in student status due to withdrawal that were not reported timely were due to the College?s roster file not being updated regularly/timely/upon the College?s determination that the students withdrew. The Title IV funds were not returned correctly or timely due to human error. Recommendation: We recommend the College develop policies and procedures to address these issues. These policies should require that an individual, separate from the reporting of enrollment status changes, review a listing of all students with enrollment status changes on a periodic basis to determine these changes have been properly reported within the allotted time frame as required by the U.S. Department of Education. Management?s Response: Management agrees and will submit a Corrective Action Plan to implement this recommendation.
Finding Reference Number: Finding 2022-001 Description of Finding: ?Statement of Condition: From our testing sample of ten (10) students, we found three (3) instances where changes in student status due to withdrawal were not reported timely and two (2) instances where the Title IV funds were not returned correctly or timely.? Statement of Concurrence or Nonconcurrence: In accordance with 34 CFR ? 668.22, Treatment of Title IV Funds When a Student Withdrawals, any changes to a student?s enrollment status are required to be reported within thirty (30) days, or within sixty (60) days if a roster file is expected within that time frame. Also, in accordance with 34 CFR ? 668.22, Treatment of Title IV Funds When a Student Withdrawals, all students who withdraw and receive Title IV funds should be identified so that return calculations can be performed and any refunds can be made within forty-five (45) days of the school?s determination that the student has withdrawn. The institution recognizes these findings, and that corrective action is required to follow the regulations outlined above. Corrective Action: Any changes to a student?s enrollment status will be reported within thirty (30) days, or within sixty (60) days if a roster file is expected within that time frame. An Office of the Registrar staff member will also review a listing of all students with enrollment status changes on a periodic basis to determine if these changes have been properly reported within the allotted time frame. Additionally, all official withdrawal and leave of absence notifications will be required to be in an electronic format to automatically notify the Office of Financial Aid. Name of Contact Person: Dane Fuhrman Vice President of Finance and Administration (573) 876-2364 Projected Completion Date: 8/1/2023
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 9, 2022. 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 November 9, 2022, which was (1381 days ago).
What is a management decision? →U.S. Department of Education Finding 2021-001: Higher Education Emergency Relief Fund (HEERF) Reporting (significant deficiency) Statement of Condition: Per the 2021 Compliance Supplement, the College is required to publicly post student and institutional reports to their website on a quarterly basis. The College posted the required reports for the institutional portion of the Education Stabilization Fund Higher Education Emergency Relief Fund (HEERF) to their website using cumulative method, rather than data per quarter. No other issues were noted in the accuracy of the reports. Criteria: The Compliance Supplement requires that institutions publicly post the required reports to the institution?s website that include only the expenditures incurred in the quarter. Effect of Condition: As the College posted cumulative reports, rather than quarterly information, the College was not in compliance with the reporting requirements of HEERF. Cause of Condition: The posting of cumulative reports was due to an uncertainty/lack of clarity of the requirements. Recommendation: We recommend that the College develop and implement procedures to ensure that reports are accurate. Management?s Response: Management agrees and has posted/updated the required reports on the College?s website.
Finding 2021-001: Higher Education Emergency Relief Fund (HEERF) Reporting (significant deficiency) Corrective Action: Management agrees and has corrected the reports by publicly posting the required institutional reports for HEERF to their website using quarterly data. Proposed Completion Date: The College implemented the above procedure in October 2021.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 4, 2019. 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 4, 2019, which was (2543 days ago).
What is a management decision? →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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