Flathead Valley Community College, Kalispell, Montana, report on audit fiscal years ended June 30, ...

102 Pages·1996·2.6 MB·English

by  Montana. Legislature. Legislative Audit Division

s
378.106
L72FVCC
1998
15V
HELENA,
Prepared Under Contract With:
MONTANA LEGISLATIVE BRANCH, AUDIT DIVISION
PO Box 201705. Helena, MT 59620-1705
MONTANASTATELIBRARY
3 0864 0014 2620 7
STATE OF MONTANA
FLATHEAD VALLEY COMMUNITY COLLEGE
KALISPELL, MONTANA
REPORT ON AUDIT
FISCAL YEARS ENDED JUNE 30, 1997 AND 1998
CONDUCTED UNDER CONTRACT BY
JAMES WOSEPKA, PC
J.
CERTIFIED PUBLIC ACCOUNTANTS
GLENDIVE, MONTANA

LEGISLATIVE AUDIT DIVISION
Scott A. Seacat, Legislative Auditor Deputy Legislative Auditors:
John W. Northey, Legal Counsel Jim Pellegrini, Performance Audit
&
Tori Hunthausen, IT Operations Manager James Gillett, Financial-Compliance Audit
November 1998
The Legislative Audit Committee
of the Montana State Legislature:
Enclosed is the report on the audit ofthe Flathead Valley Community College for the two fiscal years
ended June 30, 1998.
The audit was conducted by James J. Wosepka, PC, Certified Public Accountant, 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 ofthe audit report.
Respectfully submitted,
Scott A. Seacat
Legislative Auditor
98C-02
Room 135, State Capitol Building, PO Box 201705 Helena MT59620-1705
Phone [phone] FAX [phone] E-Mail [email protected]

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1
FLATHEAD VALLEY COMMUNITY COLLEGE
KALISPELL, MONTANA
TABLE OF CONTENTS
Appointive and Administrative Officials 4
General 5
Background 5
Recommendations 6
FTE Counts 7
Prior Audit Recommendations 7
Independent Auditors' Report and Financial Statements: 8
Independent Auditors' Report 9
Balance Sheet, June 30, 1998 10-1
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances, Year Ended June 30, 1998 12-13
Balance Sheet, June 30, 1997 14-15
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances, Year Ended June 30, 1997 16-17
Statements of Cash Flow of Auxiliary Funds
Years Ended June 30, 1997 and 1998 1
.Notes to Financial Statements 19-27
Supplemental Schedules: 28
Independent Auditors' Report on Schedule
of Federal Awards 29
Schedule of Federal Awards,
Years Ended June 30, 1997 and 1998 30-33

TABLE OF CONTENTS (CONTINUED)
Supplemental Schedules: (Continued)
Schedule of Financial Aid Modified Statement of
Cash Receipts and Disbursements,
For the Year Ended June 30, 1998 34
Schedule of Financial Aid Modified Statement of
Cash Receipts and Disbursements,
For the Year Ended June 30, 1997 35
Schedule of Expenditures for each Student
Financial Aid Program for the Years
Ended June 30, 1997 and 1998 36
Schedule of Enrollment Statistics for the Years
Ended June 30, 1997 and 1998 37
Combined Statement of Revenues and Expenditures,
Lincoln County Campus, Year Ended June 30, 1998 38-39
Combined Statement of Revenues and Expenditures,
Lincoln County Campus, Year Ended June 30, 1997 40-41
Independent Auditors' Report on Compliance and on
Internal Control Over Financial Reporting Based on
an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards 42-43
Schedule of Findings and Questioned Costs 44-45
Independent Auditors' Report on Compliance with
Requirements Applicable to each Major Program
'and Internal Control over Compliance in Accordance
with OMB Circular A-133 46-47
College's Response
Digitized by the Internet Archive
in 2012 with funding from
Montana State Library
http://archive.org/details/flatheadvalleyco98mont