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ERIC Number: ED431360
Record Type: Non-Journal
Publication Date: 1999
Pages: 39
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
State University of New York Maritime College: Selected Financial Management Practices.
New York State Office of the Comptroller, Albany. Div. of Management Audit.
This report presents audit findings of the financial management practices at the State University of New York (SUNY) Maritime College, which trains students to become licensed officers in the U.S. Merchant Marines. Specifically, the audit examined whether SUNY Maritime maintains an adequate internal control environment and adequate internal control procedures for on-campus employee housing, tuition and student fees, payroll and personnel functions, and equipment inventory. The audit found significant weaknesses in the College's control environment relating to employees' on-campus housing and the collection of tuition and student fees. These weaknesses included: approval, by the Vice President for Administration, of deviations from state and SUNY guidelines without satisfactory justification; significant shortfalls in the collection of rents from the paychecks of employees who lived in on-campus housing; failure to charge some employees who lived in student dormitories; inadequate collection of outstanding tuition and fees receivables; and inadequate documentation in the area of payroll. A response by SUNY Maritime and SUNY System administrators generally agrees with the audit's conclusions and indicates that many of the recommendations have been or will be implemented. (DB)
Office of the State Comptroller, Alfred E. Smith State Office Building, 13th Floor, Albany, NY 12236; Tel: 518-474-3271; Web site: http://www.osc.state.ny.us
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: New York State Office of the Comptroller, Albany. Div. of Management Audit.