Financial-Related Audit Report
Alexandria Technical College operated within available financial resources and generally in compliance with applicable legal provisions and management's authorization. The college's internal controls provided reasonable assurance that it maintained an appropriate relationship with its foundation and complied with applicable legal provisions regarding local bank accounts. However, we identified some internal control weaknesses.
Alexandria Technical College is part of the Minnesota State Colleges and Universities (MnSCU) System. This financial-related audit report represents the conclusions of our audit of the college's tuition and fees, payroll, and purchased goods and services for the period July 1, 1996, through December 31, 1999. We also reviewed the college's internal controls over compliance with federal student financial aid for fiscal year 2000.