REPORT OF THE

NCAA DIVISION III FINANCIAL AID AUDIT TASK FORCE

ACTION ITEMS.

Issue. Task force timeline – delay proposed legislation to 2004.

(1) Recommendation. Approved a delayed submission of legislation regarding a financial aid audit until the 2004 NCAA Convention.

(2) Rationale. The task force agreed that the development of Web-based technology to facilitate the membership submission of financial aid information is critical to the overall success and effectiveness of the NCAA financial aid audit. To that end, the task force would like to operate in accordance with the following amended timeline:

Fall 2002	Begin developing audit-reporting technology (i.e., NCAA Compliance Assistance Software or other tool).
January 2003	NCAA Convention – task force update.
Summer 2003	Task force report to the NCAA Division I Management Council and Presidents Council including sponsorship of legislation for January 2004 Convention.
Fall 2003	Preliminary test of audit process (sampling of institutions represented on the task force).
January 2004	NCAA Convention discussion session and legislative vote. [Audit legislation requiring institutions to perform annual audits of financial aid, beginning with the 2004-05 academic year (2003-04 financial aid data). However, the audit performed in the 2004-05 academic year (2003-04 data), will be conducted as a pilot for the entire division.]
Fall 2005	First year of “official” institutional audit results and committee review process.

Committee Chair: R. Kevin LaGree Simpson College Iowa Intercollegiate Athletic Conference

Staff Liaisons: Dan Dutcher, Bridget Belgiovine, Eric Hartung, David Hill, Damani Leech