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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