[read complete report - pdf]

Audit Objective

Determine whether the College can obtain cost savings by reducing the costs of employee benefits.

Key Findings

• The College overpaid $4.6 million to the County for health insurance in fiscal years 2018 and 2019.
• Of the 20 employees paid health insurance buyouts totaling $81,189, 16 were inaccurate, for a net underpayment of $7,397.

Key Recommendations

• Reconcile insurance billings from the County to ensure they are billed the correct amounts.
• Perform the buyout calculations in order to verify the accuracy of the County calculation.

College officials generally agreed with our recommendations and indicated they plan to initiate corrective action.