Finding No. 1:         The College had not fully developed comprehensive written procedures for all accounting and other business-related functions.

Finding No. 2:         The College did not reconcile its monthly cash advances from the Florida Department of Education (FDOE) to the College’s accounting records.

Finding No. 3:         The College incorrectly reported Public Education Capital Outlay expenditures totaling $1,577,133 to FDOE.

Finding No. 4:         The College purchased land from its Foundation for $115,025 in excess of the amount paid by the Foundation.

Finding No. 5:         The College did not obtain an environmental survey prior to purchasing a parcel of land.

The President's written response to the audit findings can be viewed in its entirety on the Auditor General's web site.