State University of New York
College of Agriculture and Technology at Morrisville: Selected Financial Management Practices We found that improvements are needed in the internal controls over equipment and revenue at the College of Agriculture and Technology at Morrisville. For example, cash handling duties in the Bursar's Office are not separated among different employees. Since a single employee can control an entire transaction, cash can be misappropriated and the records adjusted to conceal the misappropriation. We also determined that equipment inventories are not periodically verified, and newly purchased items are not recorded on inventory records in a timely manner. We make several recommendations aimed at strengthening the College's internal controls.
For a complete copy of Report 99-S-30 click here.
For a copy of the 90-day response click here.
For a copy of the associated follow-up report click here.