FIN-2000-6844

This report presents the results of our financial statement audit of Isothermal Community College for the year ended June 30, 2000. The accompanying financial statements present fairly, in all material respects, the amounts and disclosures made in accordance with generally accepted accounting principles. Our tests disclosed no instances of noncompliance which require disclosure herein under Government Auditing Standards. The following significant deficiencies were detected in internal controls over financial reporting: Financial Statement Presentation; Receipting and Bank Reconciliation Controls. These matters are described in the Audit Findings and Recommendations section of this report.