St. Paul Technical College operated within available resources. Except as noted below, the college complied with applicable legal provisions and its internal controls provided reasonable assurance that assets were safeguarded and financial activities were properly recorded. The college made significant improvement in administering its programs since our last audit report was issued in August 1997.
St. Paul Technical College is a part of the Minnesota State Colleges and Universities (MnSCU) system. This audit report focused on financial management, tuition and fees, payroll, administrative expenditures, auxiliary enterprises, and the Minnesota Satellite and Technology (MnSAT) activities for the period from 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. The college's response to our recommendations is included in the report.