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Preparing for the Audit – A-133 (Single Audit) Presented by Elisa Stilwell Senior Manager – KPMG LLP KPMG LLP

Preparing for the Audit – A-133 (Single Audit) Presented by Elisa Stilwell Senior Manager – KPMG LLP KPMG LLP. First Day of Fieldwork – Submission to KPMG Campus Team. All PBC schedules – see A-133 PBC list in Chapter 9 (higher and limited scope campuses)

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Preparing for the Audit – A-133 (Single Audit) Presented by Elisa Stilwell Senior Manager – KPMG LLP KPMG LLP

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  1. Preparing for the Audit – A-133 (Single Audit)Presented by Elisa StilwellSenior Manager – KPMG LLPKPMG LLP

  2. First Day of Fieldwork –Submission to KPMG Campus Team • All PBC schedules – see A-133 PBC list in Chapter 9 (higher and limited scope campuses) • Completed and approved reporting package, which includes Schedule of Expenditures of Federal Awards (SEFA) • Risk assessment questionnaires – to be completed for all federal programs with total expenditures greater than $300,000 (refer to Chapter 9)

  3. 2007 A-133 Higher Scope Campuses – Student Financial Assistance Program • Channel Islands • Fullerton • Long Beach • Northridge • Pomona • San Francisco • Sonoma • Stanislaus

  4. KPMG Information Risk Management (IRM) Audit Team – Scope of Work • Financial aid system controls at selected campuses (7 campuses – both higher and limited scope campuses) • Department of Education upload to campus Student Information System (PeopleSoft or Legacy) • Grade system – user access • Interface from grade system to financial aid system (if applicable)

  5. Prior Year Activity • Prior year expenditures • Student Financial Assistance Cluster – $1,219,795,000 • Research & Development Cluster – $19,845,000 • San Francisco • Head Start Program – $18,024,000 • San Francisco – $13,737,000 • Sonoma – $4,214,000 • Bakersfield – $73,000

  6. Prior Year Activity, continued • 4 programs with expenditures over $2,000,000 • 84.042, 84.044, and 84.047 Dept. of Education – TRIO Grants $2,091,000 (Chico, San Diego, Sonoma, Stanislaus) • 93.575 Dept. of Health and Human Services – Child Care and Development Block Grants $2,741,000 (Humboldt, Sonoma) • 93.859 Dept. of Health and Human Services – Biomedical Research and Research Training Grant $2,165,000 (San Francisco) • 11.420 Dept. of Commerce – Coastal Zone Management Estuarine Research Reserves Grant $2,263,000 (San Francisco) • 6 additional programs with expenditures over $1,000,000

  7. 2007 Major Programs • Student Financial Aid Cluster • Research & Development Cluster • Head Start Program • Other programs – to be determined based on consolidated expenditures and risk assessment process • Type A program threshold – $3,000,000

  8. Key Deadlines – Submission to CO • Preliminary Schedule of Expenditures of Federal Awards (SEFA) submitted in YES – July 31, 2007 • Campus reporting package (includes financial statement and A-133 audits, including FISAP) – October 18, 2007 • A-133 findings – November 7, 2007

  9. Questions?

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