Session C-36

1. Session C-36 Historically Black Colleges and Universities Open Forum Joel V. Harrell 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.

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. HBCU CLIENTS Historically Black Colleges and Universities

8. Historically Black Colleges and Universities Expenditure Levels 2005-2006 AY  Pell Grants $489,639,171 FFEL $928,958,276 Direct Loans $663,902,602 FSEOG $ 48,038,727 FWS $ 36,980,439 Federal Perkins $ 18,617,702 Total $ 2,186,136,917

9. Most Frequently RecurringAudit/Program Review Findings • R2T4 calculations not performed    • R2T4 calculations performed late • R2T4 calculations performed incorrectly • Inadequate SAP policy

10. Most Frequently RecurringAudit/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: 404-562-6295 • Fax: 404-562-6283 • Email: joel.harrell@ed.gov

12. THANK YOU!