Financial Audit Report
Hibbing Community College operated within available financial resources. Except as noted below, the college operated in compliance with applicable legal provisions and its internal controls provided reasonable assurance that assets were safeguarded and financial activities were properly recorded.
Hibbing Community College, a technical and community college, is part of the Minnesota State Colleges and Universities (MnSCU) system. The college provides approximately 1300 full-time students with two-year degree and certificate programs in areas as diverse as law enforcement and culinary arts, along with transfer concentrations that students can take with them to four-year institutions. Dr. Anthony Kuznik is the president of the college.
In its written response, Hibbing Community College agreed with the report's findings and is taking corrective action to resolve the issues.
Financial Audit Reports address internal control weaknesses and noncompliance issues found during our audits of state departments and agencies. The scope of our audit work at Hibbing Community College included financial management, tuition, payroll, administrative expenditures, bookstore operations, and student financial aid from July 1, 1997, through June 30, 2000.