Summary

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

Finding No. 1:         The College does not have a written fraud policy for communicating and reporting known or suspected fraud.

Finding No. 2:        The College needed to improve its controls over procurement cards.

Finding No. 3:        The College had not developed a policy to require personnel evaluations for administrative and professional employees.

Finding No. 4:        The College’s procedures for monitoring access to its human resources system needed improvement.

Management's response is included in the report as Exhibit - B.