Summary

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

Finding No. 1:     The College’s procedures could be enhanced to provide for the timely use of PECO funds.

Finding No. 2:     Capital outlay budgeting and expense reporting should be enhanced to provide for the timely reporting of capital appropriations and related expenses to the Board.

Finding No. 3:     The College does not have a written fraud policy for communicating and reporting known or suspected fraud.

Finding No. 4:     The College’s procedures for investigating missing tangible personal property items needed improvement.

Finding No. 5:     Administrative and instructional contracts were not always signed and returned to the Human Resource office in a timely manner.

Finding No. 6:     The College did not adequately conduct a review and evaluation of social security numbers it collected or notify individuals of the purpose for collection of the numbers, contrary to Section 119.071(5)(a), Florida Statutes.

Finding No. 7:     The College’s information technology (IT) disaster recovery plan lacked certain key provisions to facilitate a smooth recovery in the event of an actual disruption of IT operations.

Finding No. 8:     The College lacked written policies and procedures for certain IT functions.

Finding No. 9:     Access controls over the College’s IT resources needed improvement.

Finding No. 10: Certain security controls related to the College’s IT systems needed improvement.

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