South Central Technical College's internal controls provided reasonable assurance that it adequately safeguarded assets, accurately recorded transactions in the accounting records, and complied with applicable legal provisions and management's authorizations.
For the items tested, the college complied, in all material respects, with the significant finance-related legal provisions.
South Central Technical College is part of the Minnesota State Colleges and Universities (MnSCU) system. This financial-related audit report focused on financial management, tuition and fees, employee payroll, administrative and resale expenditures, and bookstore revenues for the period July 1, 1999, through June 30, 2002.
Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155