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KENTUCKY STATE UNIVERSITY Schedule of Prior Year Audit Findings, continued Year ended June 30, 2013
Finding 12-04, continued:
Condition:
During our testing of Return of Title IV Funds, we noted the University did not return unearned Title IV Funds within 45 days, because calculations for Return of Title IV Funds for the fiscal year ended June 30, 2012 were not being completed until April 2012.
Recommendation:
We recommend the University train several personnel to complete the Return of Title IV Funds calculation. We recommend that the University review its current procedures related to the timely return of unearned Title IV Funds and make the necessary changes to ensure that these calculations are being completed in a timely manner.
Current Status:
See finding 2013-002.
Finding 12-05:
Federal Program: U.S. Department of Education Trio Cluster: Talent Search, CFDA 84.044A
Condition:
During our testing, we were not able to verify that two-thirds of the individuals in the talent search program were low-income individuals who were potential first-generation college students and we were not able to verify that the minimum number of participants that the Secretary identifies in the Federal Register notice was served.
Recommendation:
We recommend that the University review its current procedures related to determining eligibility of students in the talent search program to ensure that at least two thirds of individuals participating in the talent search program are low-income individuals who are potential first-generation college students and that the minimum number of participants that the Secretary identifies in the Federal Register notice are served.
Current Status:
This finding was resolved in the current year.
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