FSA-2012-6088

The results of our audit disclosed deficiencies in internal control and/or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards or OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. These items included: (1) For the Higher Education Institutional Aid program, the University entered into construction contracts totaling $594,255 which did not comply with the Davis-Bacon Act. (2) For the Higher Education Institutional Aid program, the University did not have adequate controls to ensure compliance with procurement and suspension and debarment requirements. (3) The University did not have adequate internal controls over cash management for the Higher Education Institutional Aid program. (4) The University did not have adequate internal controls in place to properly identify, safeguard and maintain equipment purchased with Higher Education Institutional Aid funds. Details about each item are provided in the Audit Findings and Responses section of the report.