ERIC Number: ED333922
Record Type: Non-Journal
Publication Date: 1991-Jun
Reference Count: N/A
Report on Fiscal and Compliance Accountability: Fiscal Year 1989-90. Report 91-2.
California Community Colleges, Sacramento. Office of the Chancellor.
The results of various California community college financial audits and reviews for fiscal year (FY) 1989-90 are presented in this report. Section I explains the scope, purpose, and procedures of annual financial and compliance audits that are conducted to evaluate financial statements, encourage sound fiscal management practices, ensure proper use of public funds, and strengthen fiscal accountability at the district level. This section includes an analysis of the 592 citings contained in the FY 1989-90 audits. Section II describes the design and implementation of a system for monitoring and evaluating the financial condition of community college districts. Section III presents results of audits of district attendance accounting and reporting procedures, completed to ensure compliance with state reporting regulations. This section includes a discussion of the most commonly cited categories in FY 1989-90 (i.e., problems related to instructor credentials, intercollegiate athletic reporting, and course repetition). Section IV focuses on audits of districts' use of funds from a variety of state and federal programs (e.g., disabled students programs and services and Carl D. Perkins Vocational Education Act programs) with specific requirements, practices, and procedures for determining student eligibility and expenditures. A concluding section reviews the new definitions of community college accountability mandated by Assembly Bill 1725, as well as new and prospective changes in Governmental Accounting Standards Board regulations. Appendixes provide federal and state compliance requirements, contracted district audit manual revisions, and detailed financial condition monitoring procedures. (JMC)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: California Community Colleges, Sacramento. Office of the Chancellor.