Session C-36 Hispanic Serving Institutions Open Forum Joel V. Harrell Raul Galvan U.S. Department of Education

2 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.

3

4 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

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

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

7 Hispanic Serving Institutions

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

9 Most Frequently Recurring Audit/Program Review Findings R2T4 calculations not performed R2T4 calculations performed late R2T4 calculations performed incorrectly Inadequate SAP policy

10 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

11 Special Initiative Service We appreciate your feedback and comments. We can be reached at: Phone: Fax: Phone: (214)

12 THANK YOU!