Flathead Valley Community College, Kalispell, Montana, financial and compliance report : fiscal years ended June 30, 1992 and 1991

148 Pages·1993·3.8 MB·English

by  Joseph Eve & Company

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378.106
L72FVCC
1992
STATE DOCUMENTS COLLECTION
1993
MC.NTANA STATE LIBRARY
1515 E. 6th AVE.
HELENA, MONTANA 59S20
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OFFICE OF THE LEGISLATIVE AUDITOR
STATEOFMONTANA
STATECAPITOL • HELENA

MONTANASTATELIBRARY
S351.7232L72hgJ1992c.1
FlatheadValleyCommunityCollege,Kalis
3 0864 00085631 3
FLATHEAD VALLEYCOMMUNITY COLLEGE
KAUSPELLy MONTANA
FINANCIAL AND COMPLIANCE REPORT
FISCAL YEARS ENDED
JUNE 30, 1992 AND 1991
SUBMITTEDBY:
JOSEPHEVE& COMPANY
CERTIFIEDPUBLICACCOUNTANTS
414STRAINBUILDING
GREATFALLS, MT 59401
[phone]

STATE OF MONTANA
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STATECAPITOL
HELENA, MONTANA59620
406/444-3122
DEPUTY LEGISLATIVEAUDITORS:
MARYBRYSON
Operationsand EDPAudit
LEGISLATIVEAUDITOR: JAMESGILLETT
SCOTTA.SEACAT Financial-ComplianceAudit
LEGALCOUNSEL: JIM PELLEGRINI
JOHN W. NORTHEY January 1993 PerformanceAudit
The Legislative Audit Committee
of the Montana State Legislature:
Enclosed is the report on the audit of the Flathead Community
College for the two fiscal years ended June 30, 1992.
The audit was conducted by Joseph Eve and Company, Management Con-
sultants and Certified Public Accountants, under a contract between
the firm and our office. The comments and recommendations contained
in this report represent the views of the firm and not necessarily
the Legislative Auditor.
The agency's written response to the report recommendations is
included in the back of the audit report.
Respectfully submitted,
Jcott^A. Seacat
Legislative Auditor

FLATHEAD VALLEY COMMUNITY COLLEGE
KALISPELL, MONTANA
TABLE OF CONTENTS
Page
Appointed and Administrative Officials 5
Summary of Recommendations and College Responses 6
Independent Auditors' Report 10
Financial Statements Fiscal Years Ended
June 30. 1992 and 1991
Combined Balance Sheet 1992 12
-
Combined Balance Sheet 1991 13
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Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - 1992 14
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - 1991 15
Notes to the Financial Statements 16
Supplementary Information
Combining Balance Sheet
General Operating Funds - 1992 30
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
General Operating Funds 1992 31
-
Combining Balance Sheet
Designated Funds - 1992 32
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Designated Funds - 1992 33
Combining Balance Sheet
Restricted Funds - 1992 34
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Restricted Funds - 1992 35
Combining Balance Sheet
Unexpended Plant Funds 1992 36
-

FLATHEAD VALLEY COMMUNITY COLLEGE
KALISPELL, MONTANA
TABLE OF CONTENTS - CONT.
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Unexpended Plant Funds - 1992 37
Combining Balance Sheet
Agency Funds - 1992 38
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Agency Funds - 1992 39
Combining Balance Sheet
General Operating Funds 1991 40
-
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
General Operating Funds - 1991 41
Combining Balance Sheet
Designated Funds - 1991 42
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Designated Funds - 1991 43
Combining Balance Sheet
Restricted Funds - 1991 44
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Restricted Funds 1991 45
-
Combining Balance Sheet
Unexpended Plant Funds - 1991 46
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Unexpended Plant Funds - 1991 47
Combining Balance Sheet
Agency Funds 1991 48
-
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
Agency Funds - 1991 49
Schedule of Full Time Student Equivalents (FTE) 50
Independent Auditors' Report on Supplementary
Information - Schedules of Federal Financial Assistance 51