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Audit Objective

Determine whether the Board provided adequate oversight of extra-classroom activity (ECA) finances and properly safeguarded and secured the District’s information technology (IT) assets.

Key Findings

• Student treasurers and faculty advisors did not maintain adequate supporting documentation for 25 deposits totaling $37,256.
• The central treasurer did not prepare timely reports for the Board or the auditor.
• IT assets valued at $11,397 were not included on the inventory list and could not be located.

Key Recommendations

• Maintain documentation for all ECA receipts.
• Ensure that the central treasurer reports to the Board and the auditor in a timely manner.
• Develop written policy and procedures for controls over equipment donated and purchased.

District officials agreed with our recommendations and have initiated or indicated they planned to initiate corrective action.