Summary

Our operational audit for the fiscal year ended June 30, 2006, disclosed the following:

Finding No. 1: The College’s controls over tangible personal property needed improvement.

Finding No. 2: The College had not developed a methodology to ensure that the parking fee was based on the costs of providing the parking services and charged only to users of the service.

Finding No. 3: The College, when issuing credit cards to employees, did not always obtain from the employees signed written receipts evidencing custody of the credit cards.

Finding No. 4: College policies and procedures did not provide for adequate monitoring of the use of cellular telephone (cell phone) usage. As such, the College did not report to the Internal Revenue Service the taxable value of cell phone services as income for employees who did not make an adequate accounting of the business use of their assigned cell phones.

Finding No. 5: Vehicle usage logs prepared for College vehicles did not contain evidence of supervisory review, and did not always indicate the College business for which the vehicles were being used.

The College's response is included as Appendix B of this report.