Office of the Legislative Auditor - Financial Audit Division

Report Summary

Anoka-Hennepin Technical College

July 1, 2000, through June 30, 2002

Anoka-Hennepin Technical College operated within available resources and complied with applicable legal provisions and management's authorization. The college completed reconciliations to ensure that its financial activities were accurately recorded in the accounting records. The college's internal controls provided reasonable assurance that state treasury and local bank account financial activities were adequately safeguarded and in compliance with applicable legal provisions and management's authorization.

Key Findings:

• Anoka-Hennepin Technical College did not adequately restrict certain employee access to its computerized information systems.
• The college did not have an adequate process to monitor and follow-up on outstanding receivables for third-party, contract customized training, and bookstore financial activities.
• The college inappropriately transferred funds to its foundation.
• The college did not verify its daily bookstore and food service receipts to cashier records and subsequent deposits. Also, the bookstore did not properly document voided or sales return transactions.
• Anoka-Hennepin Technical College did not prepare financial statements or business/finance plans in fiscal year 2002 for it bookstore and food service operations.

Anoka-Hennepin Technical College is part of the Minnesota State Colleges and Universities (MnSCU) system. This audit report focused on financial management, tuition and fees, employee payroll, administrative expenditures, and bookstore and food service operations for the period July 1, 2000, through June 30, 2002.