Summary

Our operational audit for the fiscal year ended June 30, 2008, disclosed the following:

Finding No. 1:        The College’s procedures relating to approval and documentation of student user fee assessments needed improvement.

Finding No. 2:        The College’s procedures for monitoring the food service contractor’s compliance with the terms of a written agreement needed improvement.

Finding No. 3:        The College’s internal controls related to the disposal of surplus tangible personal property were not operating effectively.

Finding No. 4:        The College needed to enhance its procedures for monitoring usage of College-owned motor vehicles.

Finding No. 5:        The College did not adequately monitor cellular telephone (cell phone) usage, and did not report to the Internal Revenue Service the value of cell phone services as income for employees.

Finding No. 6:        Two new Board Members did not timely file their statements of financial interests with the local supervisor of elections contrary to law.

Finding No. 7:        The College needed to enhance its procedures to ensure that terminated employees’ computer access is timely removed.

Finding No. 8:        The College did not maintain written policies and procedures governing certain important security functions.

Finding No. 9:        The College’s security controls within the financial application and supporting IT environment needed improvement.  

Management’s response is included as Exhibit B.