3.10.3 Financial Aid Audits

The institution audits financial aid programs as required by federal and state regulations.

  Compliance           ___  Partial Compliance          ___  Non-Compliance

Narrative:

South Louisiana Community College  (SLCC) began participating in Title IV of the 1998 Higher Education Amendments during the 2005-06 fiscal year.  Annually, state agencies (including SLCC) must report all federal funds received and distributed to the Louisiana Office of the Legislative Auditor.  The Office of the Legislative Auditor audits both state and federal funds received and distributed by state agencies and colleges.

The Office of the Louisiana Legislative Auditor audits the compliance of the State of Louisiana with types of compliance requirements described in the Office of Management and Budget (OMB) Circular A-133 Compliance Supplement that are applicable to each of its major federal programs for the year ended. 

The State of Louisiana’s basic financial statements also include the operations of certain entities that are audited auditors.  The Legislative Auditors conducted an audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133; Audits of States, Local Governments, and Non-Profit Organizations.  The standards and OMB Circular A-133 require the auditors to plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to previously that could have a direct and material effect on a major federal program occurred.  An audit includes examining, on a test basis, evidence about the State of Louisiana’s compliance with those requirements and performing such other procedures as they considered necessary in the circumstances. 

In the Financial Aid Audit Report (1) completed in Spring of 2010 it was noted that the College “awarded three students, who failed to earn a passing grade, their entire Pell

Grant amount even though they did not attend the required number of days. The College

should have returned $1,488 of tuition to the Pell grant program.”  In a follow-up report in Spring 2011, it was noted the College “corrected the issues” stated earlier.

Documentation: