Condition: The University did not have documentation of inventory of federal funding being completed every 2 years as well as documentation supporting the safeguard of assets.

Status: See current year finding 2024-010

Reason for finding's recurrence: Turnover in the finance area, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.

Corrective Action: See the University's 2024 Corrective Action Plan.

Condition: Credit card statements and receipts for transactions in which credit cards were used were not retained.

Status: Corrective action was taken.

Condition: Annual and quarterly reports were not adhering to compliance requirements.

Status: See current year finding 2024-017

Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.

Corrective Action: See the University's 2024 Corrective Action Plan.

Condition: The University did not submit the single audit report package by the required time.

Status: See current year finding 2024-019

Reason for finding's recurrence: Turnover in student financial aid and finance, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.

Corrective Action: See the University's 2024 Corrective Action Plan.

If the Department of Health and Human Services has questions regarding this schedule, please contact Dr. Heather Bigard, Vice-President of Finance and Administration at 502-597-5075.