ERIC Number: ED444413
Record Type: Non-Journal
Publication Date: 2000-May
Reference Count: N/A
SUNY College of Agriculture and Technology at Morrisville: Selected Financial Management Practices.
New York State Office of the Comptroller, Albany. Div. of Management Audit.
This audit report of the State University of New York (SUNY) College of Agriculture and Technology at Morrisville addresses the question of whether the college management has established an effective system of internal control over its revenue, equipment, and student work-study payroll. The audit makes a number of observations and conclusions. These include: (1) management needs to take additional steps to maintain an effective system of internal control over equipment (such as desktop computers) and revenue; (2) the bursar's office does not provide appropriate separation of duties to ensure effective control over revenue, nor does it have adequate controls and follow-up for uncashed checks; and (3) there are deficiencies in recording and collection of significant amounts of revenue. College officials responded that while staff reductions and turnover were largely responsible for the problems identified, they concurred with the recommendations and list steps that have been or will be taken to implement changes. (RH)
Descriptors: Accountability, Administration, Computer Security, Educational Finance, Facility Inventory, Financial Audits, Higher Education, Income, Legal Responsibility, Money Management, Public Education, State Aid, State Regulation, State Universities
State of New York Office of the Comptroller, Alfred E. Smith State Office Building, 13th Floor, Albany, NY 12236. For full text: http///www.osc.state.ny.us.
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: New York State Office of the Comptroller, Albany. Div. of Management Audit.