internal control over major programs. She stated that there was a financial statement finding, 2014-001 with the student accounts receivable subsidiary ledger and the allowance for uncollectable student accounts receivables which are not reconciled and adjusted periodically throughout the year, finding 2014-003, Direct Loan program, the University did not notify the guaranty agency of the student status change in a timely manner.
Action: Due to not having a quorum, the A-133 Audit Report was discussion only. Motion for approval was not made.
The Finance and Audit Committees discussion ended at 3:27 p.m.
The quick brown fox jumps over the lazy dog.
Submitted by: Approved by:
Mr. Mikeal Pinkard, Interim Vice President Finance and Facilities Regent LaVaughn Henry and Regent Mindy Barfield, Chairpersons
Finance and Audit Committees
Approved with no corrections
Approved with corrections
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