Federally Mandated Reporting/Disclosure Form
Program Title and Description:
Federal Audit. Schools eligible for Federal funds are required to have independent audits in compliance with guidelines as specified in Circular A-133.
Who is Responsible for Reporting?
Steve Foucourt, CFO
Cindy Schull, Director of Grants & Foundation Accounting
Where is Report Physically Located?
Chief Financial Officer's office – Carrington 119
What Should be Reported?
The reporting package includes audited financial statements, audited Schedule of Expenditures of Federal Awards (student financial assistance programs, grants and contracts), Data Collection Form SF-SAC, and a corrective action plan for any findings.
When Should it be Reported?
Due January, 2016
Where is it to be Reported?
It is reported to the Federal Audit Clearinghouse and to the Department of Education. Additionally, copies of audit reporting packages must be provided to any entity which passes through Federal funds to the University.
Why Should it be Reported?
The reporting is required for the University to be eligible to receive Federal funding for campus-based aid programs and sponsored grants and contracts.
How is it Reported?
It is reported to the Federal Audit Clearinghouse via mail and to the Department of Education electronically via the “eZ-Audit” website (https://ezaudit.ed.gov/EZWebApp/common/login.jsp)
If notification is required, how is it reported?