Session 18 HISPANIC SERVING INSTITUTIONS OPEN FORUM Joel

Session #18 HISPANIC SERVING INSTITUTIONS OPEN FORUM Joel V. Harrell, Director Special Initiative Services

Who are we? Within the School Services and Training Channel, the Special Initiative Service unit strives to proactively identify the unique needs of Historically Black Colleges and Universities, Hispanic Serving institutions, and Tribally controlled colleges. 2

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Examples of Services Provided • Technical assistance in programmatic and administrative areas. • Provide customized training that is developed to meet the unique needs of the institution 4

Examples of Services Provided • Assists institutions in performing on/off campus assessments and if warranted, the development of corrective action plans 5

Basic Guiding Principles of Assistance • We are here to help! • We are not program reviewers or auditors • Our emphasis is selfinitiated institutional self improvement 6

Hispanic Serving Institutions 7

HISPANIC SERVING INSTITUTIONS Expenditure Levels 2005 -2006 AY Pell Grants FFEL Direct Loans FSEOG FWS Federal Perkins $1, 503, 436, 785 $1, 766, 964, 862 $ 342, 860, 878 $ 73, 802, 117 $ 83, 248, 511 $ 52, 420, 911 Total $3, 822, 734, 064 8

Most Frequently Recurring Audit/Program Review Findings • R 2 T 4 Calculations not performed • R 2 T 4 Calculations performed late • R 2 T 4 Calculations performed incorrectly • Inadequate SAP Policy 9

Most Frequently Recurring Audit/Program Review Findings • Excess cash on hand FISAP incorrectly completed • Inadequate Title IV Funds reconciliation procedures • Failure to meet required institutional financial ratios • Lack of written policies and procedures 10

Special Initiative Service We appreciate your feedback and comments. We can be reached at: • Phone: 404 -562 -6295 • Fax: 404 -562 -6283 • Email: joel. harrell@ed. gov 11

THANK YOU! 12