SACS Compliance Certification Report (PDF) - South Florida State ...

SourcesSources2009 Financial Profile with IPEDS Report2010 Financial Profile with IPEDS ReportFinance | State of Florida Accounting Manual for Public Community Colleges - June 2008Financial Audit FYE 2006Financial Audit FYE 2007Financial Audit FYE 2008Financial Audit FYE 20093.10.3Financial Resources: Financial aid auditsThe institution audits financial aid programs as required by federal and state regulations.JudgmentCompliant Non-Compliant Not ApplicableNarrativeSouth Florida Community College (SFCC) has its financial aid programs audited as required by federaland state regulations.SFCC receives a federal audit in accordance with the Federal Office of Management and Budget (OMB)Circular A-133, Audits of States, Local Governments, and Non Profit Organizations. The State of FloridaAuditor General audits the college's financial aid programs annually as required by the OMB Circular A-133 and in accordance with Florida Statute (FS) 11.45. Specific grants and financial aid programsaudited include the following:• Federal Pell Grant• Federal College Work-Study Program• Federal Supplemental Education Opportunity Grant Program• Federal Family Educational Loan Programs• Federal Academic Competitiveness Grant• State of Florida Bright Futures ScholarshipsSFCC's independent auditors have concluded that for the last four fiscal years ending June 2006 through2009, the college has complied with the applicable requirements of OMB-Circular A-133, in all materialrespects (Finance | State of Florida – Compliance and Internal Controls over Financial andFederal Awards Report 2006 FYE (Page 381),Finance | State of Florida – Compliance andInternal Controls over Financial and Federal Awards Report 2007 FYE (Page 322),Finance |State of Florida – Compliance and Internal Controls over Financial and Federal Awards Report2008 FYE (Page 314),Finance | State of Florida – Compliance and Internal Controls overFinancial and Federal Awards Report 2009 FYE (Page 428). The FYE 2010 audit field work hasbeen completed and the audit report will be submitted under separate cover upon receipt.Additionally for the last four fiscal years ending June 2006 through 2009, no audit findings were reportedin relation to SFCC's compliance with State of Florida regulations for the Bright Futures Scholarshipprogram (FYE 2006 Bright Futures Audit,FYE 2007 Bright Futures Audit,FYE 2008 BrightFutures Audit, FYE 2009 Bright Futures Audit). The audit field work for FYE 2010 is in process andthis audit report will be submitted upon receipt. Further, the auditors also noted that no significantdeficiencies were disclosed during the audit of the basic financial statements as reported in theIndependent Auditor's Report on Internal Control over Financial Reporting. (See Critieria 2.11.1)South Florida Community College Page 162 / 202