A summary of the results of various California community college financial audits and reviews for fiscal year (FY) 1990-91 are presented in this report. Section I explains the scope, purpose, and procedures of annual financial and compliance audits which 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 645 citings contained in the FY 1990-91 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 a summary of the results of a study of coordinated accountability efforts and the changes that have occurred in coordinated program reviews, focusing on the discontinuation of site visits. Section IV discusses the proposed revision of the "Community College Budget and Accounting Manual" intended to make community college accounting techniques more consistent with generally accepted governmental accounting procedures. Appendixes provide federal and state compliance requirements, and contracted district audit manual revisions as of March 1992. (JSP)