EIN: 474649648
UEI: Q5UNGJK7K1M4
Audited by: CliftonLarsonAllen LLP
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 January 7, 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 July 7, 2025 (418 days ago).
What is a management decision? →FAC accepted this audit on January 12, 2024 — management decision was due July 12, 2024.
FAC accepted this audit on December 21, 2022 — management decision was due June 21, 2023.
FAC accepted this audit on November 29, 2021 — management decision was due May 29, 2022.
FINDING 2021-001 FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION FEDERAL PROGRAM TITLE: STUDENT FINANCIAL AID CFDA NUMBER: STUDENT FINANCIAL AID CLUSTER AWARD PERIOD: JULY 1, 2020 TO JUNE 30, 2021 TYPE OF FINDING: SIGNIFICANT DEFICIENCY IN INTERNAL CONTROL OVER COMPLIANCE CRITERIA OR SPECIFIC REQUIREMENT: THE DEPARTMENT OF EDUCATION REQUIRES THE SCHOOL TO REPORT THE DISBURSEMENT DATES AND AMOUNTS TO THE COMMON ORIGINATION AND DISBURSEMENT (COD) SYSTEM FOR THE DIRECT LOAN (34 CFR 685.309) FUNDS. THE COD DISBURSEMENT DATE SHOULD BE REFLECTED AS THE DATE IN THE STUDENT ACCOUNTS LEDGER. QUESTIONED COSTS: NONE CONTEXT: DURING OUR TESTING, IT WAS NOTED THE SCHOOL DID NOT PROPERLY RECONCILE THE STUDENT ACCOUNT LEDGER DATE TO MATCH THE DATE REPORTED PER THE COD. CAUSE: THE SCHOOL USES A THIRD-PARTY SERVICE PROVIDER FOR THE REQUEST OF THE DISBURSEMENTS WHICH BECOMES THE COD DISBURSEMENT DATE. SUBSEQUENTLY, THE SCHOOL UPDATES THE STUDENT ACCOUNT LEDGER WHEN THE DISBURSEMENT IS RECEIVED. THEREFORE, THE COD DISBURSEMENT DATE AND THE STUDENT ACCOUNT LEDGER DATE DIFFER, WHICH DOES NOT MEET THE REQUIREMENT THAT THE DATES IN THE TWO SYSTEMS MUST MATCH. EFFECT: STUDENT ACCOUNT LEDGERS DOES NOT ACCURATLEY REFLECT DISBURSEMENTS REPORTED TO THE COD. REPEAT FINDING: NOT A REPEAT FINDING. RECOMMENDATION: WE RECOMMEND THE SCHOOL EVALUATE ITS PROCEDURE AND POLICIES AROUND THE DATES RECORDED IN THE STUDENT ACCOUNTS. VIEWS OF RESPONSIBLE OFFICIALS: THERE IS NO DISAGREEMENT WITH THE AUDIT FINDING.
Show full finding ▾Hide full finding ▴FINDING 2021-001 FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION FEDERAL PROGRAM TITLE: STUDENT FINANCIAL AID CFDA NUMBER: STUDENT FINANCIAL AID CLUSTER AWARD PERIOD: JULY 1, 2020 TO JUNE 30, 2021 TYPE OF FINDING: SIGNIFICANT DEFICIENCY IN INTERNAL CONTROL OVER COMPLIANCE CRITERIA OR SPECIFIC REQUIREMENT: THE DEPARTMENT OF EDUCATION REQUIRES THE SCHOOL TO REPORT THE DISBURSEMENT DATES AND AMOUNTS TO THE COMMON ORIGINATION AND DISBURSEMENT (COD) SYSTEM FOR THE DIRECT LOAN (34 CFR 685.309) FUNDS. THE COD DISBURSEMENT DATE SHOULD BE REFLECTED AS THE DATE IN THE STUDENT ACCOUNTS LEDGER. QUESTIONED COSTS: NONE CONTEXT: DURING OUR TESTING, IT WAS NOTED THE SCHOOL DID NOT PROPERLY RECONCILE THE STUDENT ACCOUNT LEDGER DATE TO MATCH THE DATE REPORTED PER THE COD. CAUSE: THE SCHOOL USES A THIRD-PARTY SERVICE PROVIDER FOR THE REQUEST OF THE DISBURSEMENTS WHICH BECOMES THE COD DISBURSEMENT DATE. SUBSEQUENTLY, THE SCHOOL UPDATES THE STUDENT ACCOUNT LEDGER WHEN THE DISBURSEMENT IS RECEIVED. THEREFORE, THE COD DISBURSEMENT DATE AND THE STUDENT ACCOUNT LEDGER DATE DIFFER, WHICH DOES NOT MEET THE REQUIREMENT THAT THE DATES IN THE TWO SYSTEMS MUST MATCH. EFFECT: STUDENT ACCOUNT LEDGERS DOES NOT ACCURATLEY REFLECT DISBURSEMENTS REPORTED TO THE COD. REPEAT FINDING: NOT A REPEAT FINDING. RECOMMENDATION: WE RECOMMEND THE SCHOOL EVALUATE ITS PROCEDURE AND POLICIES AROUND THE DATES RECORDED IN THE STUDENT ACCOUNTS. VIEWS OF RESPONSIBLE OFFICIALS: THERE IS NO DISAGREEMENT WITH THE AUDIT FINDING.
AUDIT REPORT FINDING: CRITERIA OR SPECIFIC REQUIREMENT: THE DEPARTMENT OF EDUCATION REQUIRES THE SCHOOL TO REPORT THE DISBURSEMENT DATES AND AMOUNTS TO THE COMMON ORIGINATION AND DISBURSEMENT (COD) SYSTEM FOR THE DIRECT LOAN (34 CFR 685.309) FUNDS. THE COD DISBURSEMENT DATE SHOULD BE REFLECTED AS THE DATE IN THE STUDENT ACCOUNTS LEDGER. QUESTIONED COSTS: NONE CONTEXT: DURING OUR TESTING, IT WAS NOTED THE SCHOOL DID NOT PROPERLY RECONCILE THE STUDENT ACCOUNT LEDGER DATE TO MATCH THE DATE REPORTED PER THE COD. CAUSE: THE SCHOOL USES A THIRD-PARTY SERVICE PROVIDER FOR THE REQUEST OF THE DISBURSEMENTS WHICH BECOMES THE COD DISBURSEMENT DATE. SUBSEQUENTLY, THE SCHOOL UPDATES THE STUDENT ACCOUNT LEDGER WHEN THE DISBURSEMENT IS RECEIVED. THEREFORE, THE COD DISBURSEMENT DATE AND THE STUDENT ACCOUNT LEDGER DATE DIFFER, WHICH DOES NOT MEET THE REQUIREMENT THAT THE DATES IN THE TWO SYSTEMS MUST MATCH. EFFECT: STUDENT ACCOUNT LEDGERS DOES NOT ACCURATLEY REFLECT DISBURSEMENTS REPORTED TO THE COD. REPEAT FINDING: NOT A REPEAT FINDING. RECOMMENDATION: WE RECOMMEND THE SCHOOL EVALUATE ITS PROCEDURE AND POLICIES AROUND THE DATES RECORDED IN THE STUDENT ACCOUNTS. CORRECTIVE ACTION: ALDER GSE WILL UPDATE ITS PROCESSES TO POST THE DISBURSEMENT IN THE STUDENT ACCOUNT LEDGER USING THE DISBURSEMENT REQUEST DATE ENTERED IN COD IN ORDER TO ENSURE THAT THE DISBURSEMENT DATE IN COD AND THE DATE IN THE STUDENT ACCOUNT LEDGER MATCH.
FAC accepted this audit on November 30, 2020 — management decision was due May 30, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
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