Compliance Certification Report

3.10.3
The institution audits financial aid programs as required by federal and state regulations. (Financial Aid Audits)
√ Compliant
Partially Compliant
Non-Compliant
Narrative:
All required audits related to financial aid programs have been conducted at The University of Texas Medical Branch at Galveston (UTMB). As a public institution, UTMB must comply with the Office of Management and Budget's (OMB) circular A-133, "Audits of States, Local Governments, and Nonprofit Organizations," which includes an audit of federal financial aid programs. UTMB is also part of the statewide audit performed annually by the Texas State Auditorís Office (SAO). As a State of Texas institution, UTMB's student financial aid activities are subject to periodic limited compliance audits as part of the Student Financial Aid Cluster by the Texas State Auditor in completion of the Statewide Single Audit. Since the Texas State Auditor uses a cluster approach, UTMB does not receive a compliance audit annually and was last included in the statewide audit in 2003. The Compliance audit in 2003 found the Financial Aid operation at UTMB to be in full compliance, with no exceptions.
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Source
No current reports