New funding allocations, changing regulations, and compliance requirements make it more important than ever to stay current to ensure fiscal compliance and integrity. Student success and student equity, and the related funding, have become a major priority for the community college system. New full-time faculty funding, base funding, and access funding methodologies increase the complexity of an already complex system. The resources provided here are intended to provide colleges with the guidance they need to achieve a successful audit. The first video in the playlist (Audit and Fiscal Compliance) offers the perspective of auditors as they work with California Community Colleges. Topics addressed include:
  • what auditors are expected to look for based on the Contracted District Audit Manual (CDAM),
  • the top audit findings identified and potential solutions,
  • the state and federal regulations that govern the audit process,
  • who is responsible for fiscal oversight of instructional, grant, and
  • categorical programs and how to effectively gather audit evidence.
The second video (Fiscal Management and Compliance) offers an examination of the major fiscal agencies overseeing California Community Colleges and what criteria they look at. Topics addressed include:
  • how to navigate regulations and formulas as they constantly change,
  • how to develop a framework by establishing targets, tools, and guidelines from state agencies to help implement best practices, and
  • how to achieve fiscal health by maintaining fiscal standards.
 
To learn more, please see the below contact information:
IEPI Division
CCC Chancellor's Office

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This entry was posted on Thursday, February 23rd, 2017 at 11:45 am