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Cares Act Reporting - Parker University - Parker University

Coronavirus Aid, Relief, and Economic Security (CARES) Act Higher Education Emergency Relief Fund (HEERF) – Institutional Portion Required Reporting & Disclosure
July 14, 2020

  1.   Parker University acknowledges that the institution has signed and returned to the U.S. Department of Education the Certification and Agreement for the Institutional Portion of the HEERF on May 7, 2020. Parker University will use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
  2.   The total amount of funds Parker University received on May 7, 2020, from the U.S. Department of Education to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus is $485,213.
  3.   The total amount of HEERF Institutional Portion (section 18004(a)(1) of the CARES Act) drawn by Parker University as of July 10, 2020, is $0.00.
  4.   Parker University has obligated $143,305 for purchasing of Personal Protective Equipment for the campus.
  5.   Internal controls are in place to ensure funds are drawn for allowable purposes. Those controls include utilization of the accounting system’s structure to segregate funding by source to identify and track the activity of that with externally imposed restrictions.
    Parker University will request HEERF reimbursement only after allowable costs have been incurred. Transaction documentation for HEERF draws are reviewed by senior fiscal management prior to submission, with draws initiated in the Department of Education’s G5 site by separate personnel. Reconciliation of funding received in banking records and accounting transactions for receipt are also segregated to additional, separate personnel.

Additional reporting required on emergency Financial Aid Grants made under HEERF is located on Parker University’s website @Parker.edu
For any questions or comments regarding this report, please contact Meg Johnson ‐ Controller, at MJohnson1@Parker.edu

Coronavirus Aid, Relief, and Economic Security (CARES) Act Higher Education Emergency Relief Fund (HEERF) – Strengthening Institution Required Reporting & Disclosure
July 10, 2020

  1.   Parker University acknowledges that the institution has signed and returned to the U.S. Department of Education the Certification and Agreement for the Strengthening Institution Portion of the HEERF on May 30, 2020.
  2.   The total amount of funds Parker University received on May 30, 2020, from the U.S. Department of Education to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus is $48,489.
  3.   The total amount of HEERF Institutional Portion (section 18004(a)(1) of the CARES Act) drawn by Parker University as of July 10, 2020, is $0.00.
  4.   Internal controls are in place to ensure funds are drawn for allowable purposes. Those controls include utilization of the accounting system’s structure to segregate funding by source to identify and track the activity of that with externally imposed restrictions.
    Parker University will request HEERF reimbursement only after allowable costs have been incurred. Transaction documentation for HEERF draws are reviewed by senior fiscal management prior to submission, with draws initiated in the Department of Education’s G5 site by separate personnel. Reconciliation of funding received in banking records and accounting transactions for receipt are also segregated to additional, separate personnel.

Additional reporting required for Emergency Financial Aid Grants made under HEERF is located on Parker University’s website.
For any questions or comments regarding this report, please contact Meg Johnson ‐ Controller, at MJohnson1@Parker.edu

 

Higher Education Emergency Relief Fund (HEERF)

Emergency Grants to Students

Reporting Information

On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to coronavirus.” This report provides details on the first award Parker University received under the HEERF, the funds for Emergency Grants to Students under Award No. P425E203608.

CERTIFICATION

Parker University signed and returned to the U.S. Department of Education the Certification and Agreement on May 4, 2020. Fifty percent of the funds received under Section 18004(a)(1) of the CARES Act have been allocated to provide Emergency Financial Aid Grants to Students.

AWARD

Parker University will receive a total of $970,426 under Section 18004(a)(1) of the HEERF and, in accordance with the terms of the grant, has allocated $485,213 to be distributed directly to students impacted by campus disruptions due to the coronavirus. These funds from the U.S. Department of Education will be awarded pursuant to our Certification and Agreement for Emergency Grants to Students.

FUNDS DISTRIBUTED

 

STUDENT ELIGIBILITY

Parker University has approximately 1,337 on-campus, undergraduate and graduate students eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and who are thus potentially eligible to receive HEERF Emergency Grants to students under Section 18004(a)(1) of the CARES Act.

METHOD USED TO DETERMINE STUDENTS ELIGIBILITY

All potentially eligible students were electronically notified of the application process developed by the university for these funds from Ms. Alaina Mount, Dean of Student Development. A committee reviews the individual application requests as they are received and recommends distributions of this money to newly approved students on a weekly basis. The U.S. Department of Education has specified that students must meet certain criteria to qualify for these funds. These include:
Grant No P425E200006 Report #1
As of June 1, 2020

  • Students must be Federal Title IV aid eligible, which has been determined by student’s having a completed valid 2019-2020 Free Application for Federal Student Aid (FAFSA) on file.
  • Students must meet Title IV aid eligibility criteria including:
    • U.S. Citizenship or Eligible noncitizen status
    • Having a valid Social Security Number
    • Be registered with Selective Service (if male)
  • Students must have been enrolled at Parker University as of March 13, 2020 (the date at which the national emergency was declared).
  • Students’ academic programs must include a requirement to be physically present on campus (i.e. students attending “exclusively” online programs are not eligible for emergency grant funding).

Maximum eligibility tiers were established by the university based upon various student situational experiences. Awards are focused on the six financial categories encouraged by the federal government. These include funding to help
students pay for housing, food, childcare, healthcare, technology and course materials. Distributions to students have ranged between $300 to $1,300.

INSTRUCTIONS/DIRECTIONS GIVEN TO STUDENTS

The application provided to students regarding the Cares Act HEERF Emergency Grants may be found by clicking HERE.

Grant No P425E200006 Report#2 As of August 24, 2020