Summary

Report Number:	2010-047
Report Title:	Hillsborough Community College - Operational Audit
Report Period:	FYE 06/30/2009
Release Date:	11/17/2009

Our operational audit for the fiscal year ended June 30, 2009, disclosed the following:

Finding No. 1:  Improvements are needed in controls over the bank reconciliation process to ensure that cash balances are accurately recorded in the College's accounting system.

Finding No. 2:  Controls over cash collections at the College's bookstores needed improvement.

Finding No. 3:  The College's controls over petty cash funds needed improvement.

Finding No. 4:  The College's procedures for granting and monitoring sabbatical leave for faculty members needed improvement.

Finding No. 5:  Certain College information technology (IT) policies and procedures were either lacking or existed only in draft form and had not been approved by management.

Finding No. 6:  The College had not fully implemented an ongoing security awareness training program to protect IT resources.

Finding No. 7:  Physical access to the Data Center was not appropriately restricted.

Finding No. 8:  Logical access controls related to the College's financial management system needed improvement.

Finding No. 9:  The College's IT risk management and disaster recovery planning needed improvement.

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Management's response is included as Exhibit B of this report.