State University of New York

Agency Accounts (Follow-Up Review)

SUNY campuses are authorized to use accounts called agency accounts to control funds not belonging to New York State, such as funds belonging to student organizations and campus food service providers. In our prior audit report 94-S-66, we examined the use of agency accounts at seven campuses and found that the accounts were appropriately used at four of the campuses. However, at the other three campuses, State funds and other inappropriate funds were sometimes deposited into the accounts, and some account disbursements were not adequately documented or were inconsistent with the purpose of the accounts. In our follow-up review, we found that steps have been taken to improve controls over agency accounts at the three campuses.

For a complete copy of Report 97-F-6 click here.