KENTUCKY STATE UNIVERSITY Schedule of Findings and Questioned Costs
Year ended June 30, 2014
Section I - Summary of Auditors' Results (under Section .505(d)(1) of OMB Circular A-133):
Financial Statements:
The type of report issued on the financial statements: Unmodified Opinion
Internal control over financial reporting:
Material weaknesses in internal control over financial reporting: No Significant deficiencies identified that are not considered to be material weaknesses: Yes
Noncompliance which is material to the financial statements: No
Federal Award:
Internal control over financial reporting:
Internal control over financial reporting: Material weaknesses in internal control over major programs: No Significant deficiencies identified that are not considered to be material weaknesses: None noted
The type of report issued on compliance for major programs: Unmodified opinion
Any audit findings which are required to be reported under Section .510(a) of OMB Circular A-133: Yes
Major programs:
Student Financial Aid - Cluster
Federal Supplemental Educational Opportunity Grants Program, CFDA 84.007
Federal Work-Study Program, CFDA 84.033
Federal Perkins Loan Program, CFDA 84.038
Federal Pell Grant Program, CFDA 84.063
Federal Direct Student Loans Program, CFDA 84.268
Teacher Education Assistance for College and Higher Education Grant, CFDA 84.379
1890 National Scholars Program, CFDA 00.000
Cellulosic Derived Biodiesel Program, CFDA 00.000
1890 Institution Capacity Building Grants, CFDA 10.216
Cooperative Extension Program, CFDA 10.500
Dollar threshold used to distinguish between Type A and Type B programs: $366,933
Auditee qualified as a low-risk auditee: Yes
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