Summary

Our operational audit for the fiscal year ended June 30, 2007, disclosed the following:

Finding No. 1:    The Board had not approved policies and related methodology for implementation of laboratory fees.

Finding No. 2:    The College did not identify in its Board‑approved capital outlay budget, or otherwise document of record, specific projects to be funded with $280,986 of capital improvement fees budgeted to be received in the 2006‑07 fiscal year.

Finding No. 3:    The College did not conform with certain provisions of law related to its energy performance‑based contract.

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