A Report on State of Texas Compliance with Federal Requirements for the Student Financial Assistance Cluster for the Fiscal Year Ended August 31, 2013 Page: 2 of 204
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A Report on
tate State of Texas Compliance with Federal
"Aditor's Requirements for the Student Financial
ffice Assistance Cluster for the Fiscal Year
John Keel, CPA
State Auditor Ended August 31, 2013
SAO Report No. 14-021
February 2014
Overall Conclusion
With the exception of certain non-compliance
disclosed in this report, the State of Texas The Student Financial Assistance
complied in all material respects with the Cluster of Federal Programs
federal requirements for the Student Financial The Student Financial Assistance Cluster
is a group of federal programs through
Assistance CLuster of federaL programs in fiscaL which eligible students attending higher
year 2013. education institutions receive financial
assistance.
As a condition of receiving federal funding, The Student Financial Assistance Cluster
U.S. Office of Management and Budget (OMB) includes both grant and loan programs,
such as the Federal Pell Grant Program,
Circular A-133 requires non-federal entities the Federal Work-Study Program, and
that expend at least $500,000 in federal the Federal Direct Student Loan
awards in a fiscal year to obtain annual Single Program.
Audits. Those audits test compliance with
federal requirements in up to 14 areas that
may have a material effect on a federal program at those non-federal entities.
Examples of the types of compliance areas include eligibility and reporting.
The requirements for 1 of those 14 areas vary by federal program and outline
special tests that auditors are required to perform, such as determining
whether a higher education institution (1) accurately verified information on a
student's financial assistance application or (2) properly calculated the amount
of unearned Student Financial Assistance Cluster funds it needed to return to
the federal government. The compliance areas determined to be direct and
material may vary significantly among audited entities. Therefore, a
comparison of the number of reported findings among entities included in this
report may not be an accurate indicator of performance. The Single Audit for
the State of Texas included (1) all high-risk federal programs for which the
State expended more than $73,222,469 in federal funds during fiscal year 2013
and (2) other selected federal programs.
From September 1, 2012, through August 31, 2013, the State of Texas
expended $48.6 billion in federal funds. The State Auditor's Office audited
compliance with requirements for the Student Financial Assistance Cluster at
18 higher education institutions. Those 18 higher education institutions spent
$2.2 billion in federal Student Financial Assistance Cluster funds during fiscal
year 2013.This audit was conducted in accordance with Single Audit Act Amendments of 1996 and Office of Management and Budget Circular
A-133.
For more information regarding this report, please contact James Timberlake, Audit Manager, or John Keel, State Auditor, at (512)
936-9500.
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Texas. Office of the State Auditor. A Report on State of Texas Compliance with Federal Requirements for the Student Financial Assistance Cluster for the Fiscal Year Ended August 31, 2013, report, February 2014; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth517434/m1/2/?q=Lamar+University: accessed June 2, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.