Ohio Administrative Code
Title 3354:2 - Lakeland Community College
Chapter 3354:2-3 - Board of Trustees
Section 3354:2-3-08 - Financial records and audits
Universal Citation: OH Admin Code 3354:2-3-08
Current through all regulations passed and filed through September 16, 2024
(A) The treasurer, as designated by the board, is responsible for all Financial records and statements.
(B) An audit of the college's Financial records is to be performed by the auditor of state or his/her representative as provided by the Ohio Revised Code.
(1)
Audit scope:
(a)
An examination of the general purpose financial
statement of the college as of and for the fiscal year ending June
thirtieth
.
(b)
Tests of compliance with various provisions of state
statutes, regulations, and applicable college policies and
procedures.
(c)
An examination of federal and state financial aid and
other grant programs in accordance with applicable guidelines.
(2)
They
board shall participate in an exit conference at which time the audit results
will be reviewed and explained by the auditor of state or his/her
representative.
Replaces: 3354-2-3-08
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