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 policy for communicating and reporting known or suspected fraud.

Finding No. 2:        The College did not, of record, verify subcontractor licensure prior to commencement of work on construction projects.

Finding No. 3:        The College did not ensure that annual safety inspections were performed by a certified inspector.

Finding No. 4:        Procedures over child care centers enrollment, fees, and records needed improvement.

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