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MICH]GAN TECHNOLOGICALUNIVERSITY
OMB CIRCULAR A-].33
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SUPPI,EMENTARYFINAI{CIAI,
REPORT
TABLE OF CONTENTS
Paqe Number
Descrintion
INTRODUCTION
of
Table
111
Contents
INDEPENDENT AUDITORS' REPORTS ON INTERNAIJ CONTROI'S
-
The University
-
Federal
ia
L-Z
as an EntitY
Financial
Assistance
3-5
Programs
INDEPENDENT AUDITORS ' REPORITS ON COMPIJIA}ICE
-
The University
-
Federal
.
as an EntiLY
Financial
Assistance
Applicable
Requirements
ceneral
Federal Financial- Assistance
-
-
the University-
to the Major
Programs
.
to the Major
Requirements Appticable
specific
Programs
Assistance
Federal Financial
.
Requirements Applicable
Assistance
Financial
SCHEDUIJE OF FEDERAIJ FINAIICIAI,
-
Programs of
tndependent
Financial
9-r-0
L1_
ASSISTADICE
Report
Auditors'
Assistance
Schedule of Federal- FinancialYear Ended June 30. 1993
Notes
for
to Nonmajor Federal
Program Transactions
7-B
on Schedule
Assistance
of
Federal
L2
for
the
LJ_26
to the Schedule of Federal Financiaf
the Year Ended June 30' 1993
I
Assistance
29
MICHIGAN TECHNOI,OGICALUNIVERSITY
OMB CIRCUI,AR A-133
SUPPLEMENTARYFINANCIAL REPORT
TABLE OF CONTENTS
I ^^^r.i
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L +rtqeg,
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Description
SCHEDULE I
-
SCHEDUITEOF FINDINGS
1993
SCHEDUIJE II - STATUS OF PRIoR-YEAR (1-992) AUDIT FINDINGS
REIJATING TO FEDEILAIJ FINASTCIAIJ ASSISTASICE PROGRAMS
SCIIEDUIJE III
. AUDITS PERFOR}IEDBY OTHER ORGANIZATIONS
GENERAIJ INFORMATION
3B
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AnruunAxoenseN
INDEPENDENT AUDITORS' REPORT ON INTERNAL
CONTROLS OF THE UNIVERSITY AS AN ENTITY
To the Board of Control-,
University:
Michigan Technological
of MICHIGAN TECHNOLOGICALUNIVERSITY
statements
the basic financial
We have audited
(the .University")
as of and for the years ended June 30, 1993 and 1992, and have
thereon dated August 20, 1993.
issued our report
and
standards
accepted auditing
We conducted. our aud,its in accordance with generally
(1988
Standards
in Government Auditinq
audits contained
for financial
the standards
Those standards
General of the United States.
issued by the Comptroller
Revision),
about
assurance
reasonable
perform
to
obEain
the audit
that we plan and.
require
m
i
s
s
t
a
t
e
m
e
n
t
.
m
a
t
e
r
i
a
l
f
r
e
e
o
f
a
r
e
s
t
a
t
e
m
e
n
t
s
f
i
n
a
n
c
i
a
l
t
h
e
b
a
s
i
c
whether
statements of the
and performinlJ our audits of the basic financial
In planning
c
o
n
sidered its internal
w
e
a
n
d
1
9
9
2
,
y
e
a
r
s
3
0
,
1
9
9
3
J
u
n
e
e
n
d
e
d
for the
University
procedures
for the purpose of
in ord.er to d,etermine our auditing
structure
control
and not to provlde
statements'
expressrngf our opinion on the basic financials
t
r
u
c
t
u
r
e
.
controlassurance on the internalan
and maintaining
for establishing
is responsible
The management of the University
a
n
d
e
s
t
i
m
a
t
e
s
t
h
i
s
r
e
s
p
o
n
s
i
b
i
l
i
t
y
,
In fulfilling
structure.
controf
inLernal
and related
judgments by management are required
to assess the expected benefits
of an
The objectives
policies
and procedures.
structure
controf
costs of internal
not
but
reasonable,
management with
are to provide
structure
control
internal
use
absol-ute, assurance that assets are safeguarded. against loss from unauthorized
are executed in accordance with managfement's
and that transactions
or d.isposition
of basic financialto permit Lhe preparation
and record.ed properly
authorization
principles.
Because of
generally
accounting
accepLed
in accordance with
statements
may
errors or irregularities
structure,
control
in any internal
limitations
inherent
of the
of any evaluation
A1so, projection
occur and not be d.etected.
neverthel-ess
that procedures may become
to the risk
is subject
to future periods
structure
of the design
the effectiveness
o
r
L
h
a
t
i
n
c
o
n
d
i
t
i
o
n
s
c
h
a
n
g
e
s
o
f
b
e
c
a
u
s
e
inadequate
and procedures may deteriorate.
of policies
and operation
control
internal
the significant
we have classified
For the purpose of this report,
to ensure
established
the controls
including
policies
and procedures,
structure
impact on the University's
that have a material
compliance with laws and regulations
to the
according
t
h
ereof,
a
u
d
i
t
s
o
f
t
h
e
r
e
s
u
l
t
s
t
h
e
statements and
basic financial
c
a
t
e
g
o
r
i
e
s
:
following
Cycle
Reporting
Financial
laws and regulations
with
staEements )
Treasury
to ensure
(includes
established
controls
impact on the basic
that have a material
Cycle
Revenue Cycle
1
compliance
financial
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.
Payroll
.
Vendor
.
conversion
'
Federal
ExPenditure
(Fixed
Grants
Assets/Inventory)
Cycle
CYcle
disclose
would not necessarily
structure
control
of the internal
Our consideration
w
e
a
k
n
esses
m
a
t
e
r
i
a
l
b
e
that might
controL structure
in the internal
alI matters
P
u
b
l
i
c
o
f
C
e
r
t
i
f
i
e
d
I
n
s
t
i
t
u
t
e
A
m
e
r
i
c
a
n
by the
under standards established
in which the design or
condition
weakness is a reportable
A material
Accountants.
efements does
conLrol structure
internal
of one or more of the specific
operation
in
i
r
r
e
g
u
l
a
r
ities
o
r
e
r
r
o
r
s
t
h
a
t
1ow level the risk
not reduce to a reLativefy
bei-ng
s
E
a
t
e
m
e
n
t
s
f
i
n
a
n
c
i
a
l
t
o
t
h
e
b
a
s
i
c
r
e
l
a
t
i
o
n
i
n
amounts that would be material
in the
p
e
r
i
o
d
e
m
p
l
o
y
e
e
s
b
y
a
t
i
m
e
l
y
w
i
t
h
i
n
d
e
t
e
c
t
e
d
b
e
a
n
d
n
o
t
o
c
c
u
r
m
a
y
audited
involving
We noted no matters
assigned. functions.
their
normal course of performing
material
be
to
consider
we
that
its
operation
and
structure
conLrol
the internalweaknesses as defined above.
and its
structure
control
the internal
matters involving
However, we nored certain
separate
in
a
University
the
of
the
manaqement
to
reported
we
have
that
operation
c o m m u n i c a t i o n d a t e d s e p t e m b e r 2 4 , 1 - 9 9 3.
of the Board members, University
This reDort is intended for t,he information
This is not intended
a
gencies.
F
e
d
e
r
a
l
o
t
h
e
r
a
n
d
c
o
g
n
i
z
a
n
t
t
h
e
management,
which is a matter of public record'
of this report,
the distribution
arAtu;6
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CYcle
above, we obtained an
listed
caLeqories
structure
control
For all of the internal
and whether they
policies
and. procedures
of the design of relevant
understand.ing
r
i
s
k
'
c
o
n
t
r
o
l
and we assessed
have been placed in operation,
t
t
CYcIe
ExPenditure
n^rvai
ts
us L! v f - ,
M
t , -i
a
- tl,-t r i ny -=I'I
August 20,
7
1993.
.)
to
limit
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Anruun ANpeRSEN
INDEPENDENTAUDIToRS,REPoRToNINTERNALcoNTRoLSoF
THE UNIVERSITY' s FEDER?\L FINANCIAL ASSISTANCE PRoGRj\Ms
To the Board of Contro],
University:
Michigan Technological
of MICHIGAN TECHNOLOGICALUNIVERSITY
statements
We have audited. the basic financialas of and for the years ended June 30, 1993 and 7992, and have
(the ,,University,,)
thereon dated August 20, 1-993. We have also audited the
issued our report
to its major Federal financialapplicable
compliance with reguiiements
University,s
dated August 20' 1"993'
t
h
e
r
e
o
n
r
e
p
o
r
t
o
u
r
h
a
v
e
i
s
s
u
e
d
p
t
o
g
t
.
*
s
a
n
d
.
assistanc.
standards,
accepted auditing
in accordance with generally
we conducted our audits
S
L
a
ndards (1988
A
u
d
i
L
i
n
q
G
o
v
e
r
n
m
e
n
t
i
n
c
o
n
t
a
i
n
e
d
a
u
d
i
t
s
for financial
the standards
O
ffice of
a
n
d
p ti r coul L1ea r G e n e r a l - o f t h e U n i t e d S t a t e s ,
i s s u e d b y t h e C o m- C
Revision),
H
i
q
her
o
f
I
n
s
t
i
t
u
t
i
o
n
s
o
f
A-1-33, Audits
(OMB)
Management and enaglt
A-133
o
M
B
C
i
r
c
u
lar
a
n
d
s
t
a
n
d
a
r
d
s
T
h
o
s
e
I
n
s
t
i
t
u
t
i
o
n
s
.
Education and other Nonprofit
about
assurance
reasonabl-e
to
obtain
perform
audit
the
pI""
we
that
require
and whettrer
""d
misstatement
are free of material
statements
whether the basrc financial
w
h
i
c
h woul-d be
w
i
t
h
n
o
n
c
o
m
p
l
i
a
n
c
e
r
e
g
u
t
a
t
i
o
n
s
,
a
n
d
complied. with laws
the University
p
r
o
g
r
a
m
'
a
s
s
i
s
t
a
n
c
e
f
i
n
a
n
c
i
a
l
F
e
d
e
r
a
l
maEerial to a major
stacements of the
our audits of the basic financial
and performing
In planning
c
o
n
s
idered its internal
w
e
L
9
9
2
,
a
n
d
1
9
9
3
3
0
,
J
u
n
e
y
e
a
r
s
e
n
d
e
d
for t-he
university
p
r
o
c
e
d
u
r
e
s
for the purpose of
a
u
d
i
t
i
n
g
o
u
r
d
e
t
e
r
m
i
n
e
t
o
o
r
d
e
r
i
n
s
t
r
u
c
t
u
r
e
controL
o
n
its compliance with
a
n
d
s
t
a
t
e
m
e
n
t
s
cial
progralns and not to
assistance
inancial
in accordance with oMB circular
structrure
structure
control
o
f
i
n
Lernal
:ation
to
applicable
.ance with requirements
and procedures
l have add.ressed policies
dated
in a separate report
statements
of the basic financial
to our audits
relevant
September 24, L993 '
for
(uAs) as servicer
Inc.
Accounting services,
University
utilizes
The university
c
o
n
t
r
ols
o
f
p
e
r
f
o
r
m
t
e
s
t
s
n
o
t
W
e
d
i
d
Perklns Loans administered. by the University.
c
o
n
t
r
o
]
o
f
i
n
t
e
r
n
a
L
o
p
e
r
a
t
i
o
n
a
n
d
d
e
s
i
g
n
t
h
e
o
f
the effectiveness
to evaluate
noncompliance with
policies
and proced.ures that would detect material
structure
we do not
A
ccordingly'
L
o
a
n
s
'
Perkins
to the University's
requrremencs applicable
U
A
S
'
b
y
u
t
i
l
i
z
e
d
on the controls
express an opinion
an
and' maintaining
for establishing
is responsibl-e
The management of the University
a
n
d
e
s
t
i
m
a
t
e
s
r
e
s
p
o
n
s
i
b
i
l
i
t
y
,
t
h
i
s
rn fulfilllng
strucLure.
control
internal
and related
to assess the expected benefits
judgments by manaqement are reguired
of an
o
b
j
e
ctives
T
h
e
p
r
o
c
e
d
u
r
e
s
.
p
o
l
i
c
i
e
s
a
n
d
s
t
r
u
c
t
u
r
e
c
o
n
t
r
o
r
costs of internal_
n
o
t
b
u
t
r
e
a
s
o
n
a
b
l
e
,
w
i
t
h
are to provide management
structure
control
internaL
l-oss from unauthorized
(1) asset; are safeguarded against
assurance that
absolute,
a
c
c
o
r
d
a
n
ce with management's
i
n
e
x
e
c
u
t
e
d
.
a
r
e
t
r
a
n
s
a
c
t
i
o
n
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use or disposition,
preparation
of the basic financialp
e
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i
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t
o
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n
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p
r
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nciples,
and
a
c
c
o
u
n
t
i
n
g
accepted
in accordance witi: geneially
statements
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above, we obtained
listed
categories
contro]
structure
For alf of the internal
p
r
o
c
e
d
u
r
es and determined
p
o
l
i
c
i
e
s
a
n
d
of the design of relevant
understanding
risk.
and we assessed control
whether they have been placed in operation,
expended 994 of its Lotal
During the year end.ed June 30, L993, the University
programs.
financial
assistance
F
e
d
e
r
a
t
i
t
s
m
a
j
o
r
u
n
d
e
r
a
s
s
i
s
t
a
n
c
e
Federal financial
A-133, to evaLuate the
by OMB Circular
as required
We performed tests of controls,
policies
and
structure
c
o
n
t
r
o
l
o
f
i
n
t
e
r
n
a
l
o! the design and operation
efflctiveness
or deEecting material
rel-evant to preventing
proced.ures that we considered
general requirements,
and requiremenLs
requirements,
noncompliance with specific
and amounts cl-aimed or used for
governing
claims for ad.vances and reimbursements
major Federal financial
to each of the University's
matching that are applicable
in the accompanying Schedule of Federal
programs, which are identified
assistance
Our procedures were less in scope than would be necessary to
Financial
Assistance.
policies
and procedures.
structure
conlrol
render an opinion on these internal
we do not express such an opinion.
Accord.ingly,
policies
and. procedures used in
control- structure
of the internalOur consideration
disclose all
n
e
c
e
s
s
a
r
i
ly
w
o
u
l
d
n
o
t
a
s
s
i
s
t
a
n
c
e
f
i
n
a
n
c
i
a
l
F
e
d
e
r
a
l
administering
weaknesses
material
that might constitute
control
structure
matters in the internal
of Certif ied Public
by the American Institute
und.er stand.ard.s established
of
in which the design or operation
weakness is a condition
A materia]
Accountants.
elements does not reduce Lo a
control- structure
one or more of the internal
that
with laws and regulations
that noncompliance
the risk
low level
relatively
m
ay occur
p
r
o
g
r
a
j
n
a
u
d
i
t
e
d
b
e
i
n
g
a
s
s
i
s
t
a
n
c
e
would be material- to a Federal financial
a timely period by employees in the normal course of
and not be detected within
the internal
We noted no matters involving
performing
their
assigned functions.
weaknesses as
that we consider to be material
and its operation
structure
controf
defined above.
the internal
matters
involving
However, we noted certain
to the management of the
that we have reported
operation
dated SepEernlcer 24, 1993 .
communication
and its
structure
controf
in a separate
University
of the Board members, University
is intended for the information
This report
This is not intended
and other Federal- agencies.
manag'ement, the cognizant
record.
which is a matter of public
of this report,
the distribution
aretu;6
Michigan,
Detroit,
August 20, 1993.
t
t
I
I
an
5
to
limit
t
sCo.
Anrnun ANoTRSEN
I
I
I
INDEPENDENTAUD]TORS' REPORT ON
COMPLIANCE OF THE UNIVERS]TY AS AN ENTITY
t
I
I
I
I
I
I
I
t
I
I
I
t
I
I
To the Board of Control-,
University:
Michigan Technological
of MICHIGAN TECHNOLOGICALUNIVERSITY
statements
the basic financial
We have audited
y
e
a
r
s
e
n
d
e
d June 30, 1993 and ]-992' and have
(the "UniversiLy")
as of and for the
2
0
,
1
9
9
3
'
A
u
g
u
s
t
d
a
t
e
d
t
h
e
r
e
o
n
issued our report
standards and
accepted auditing
in accordance with generally
we conducted our audits
(L988
S
t
a
n
dards
A
u
d
.
i
t
i
n
q
i
n
G
o
v
e
r
n
m
e
n
t
c
o
n
t
a
i
n
e
d
a
u
d
i
t
s
the standards for financials
t
a
n
d
ards
T
h
o
s
e
'
General- of the United' States
Revision) , issued by the Comptroller
a
b
o
u
t
a
s
s
u
r
a
n
c
e
r
e
a
s
o
n
a
b
l
e
o
b
t
a
i
n
that we plair and perform the audit to
require
misstatement '
staLements are free of material
wirdti:er the pasic financial
to the University
and grants applicable
contracts
Compliance with laws, regulations,
reasonabl-e
p
a
r
t
o
f
o
b
t
a
i
n
i
n
g
A
s
m
a
n
a
g
e
m
e
n
t
.
of University
is iire responsibility
m
a
t
e
rial
o
f
a
r
e
f
r
e
e
s
t
a
t
e
m
e
n
t
s
f
i
n
a
n
c
i
a
l
t
h
e
b
a
s
i
c
w
h
e
t
i
e
r
assurance about
compliance with certain
we performed tests of the university's
misstatement,
of
However, the objective
and grants.
contracts
nrorzisions or laws, regulations,
o
n
p
r
o
v
i
d
e
o
p
i
n
i
o
n
a
n
n
o
t
t
o
w
a
s
s
t
a
t
e
m
e
n
t
s
f
i
n
a
n
c
i
a
l
of the nasic
our audits
we do not elcpress such an
Accord.ingly,
compliance with such provisions.
overall
opinion.
I r ! v v
+ r f
v r
Lhe
with respect to the items tested,
of our tests ind.icate that,
The results
to in
p
r
o
v
i
s
i
o
n
s
r
e
f
e
r
r
e
d
t
h
e
respects, with
complied, in all material
University
o
ur
t
o
c
a
m
e
n
o
t
h
i
n
g
t
e
s
t
e
d
,
n
o
t
t
o
i
t
e
m
s
With respect
the preceding paragraph.
all
in
complied,
not
had
University
the
that
to
believL
us
caused
that
aLtenti-on
respects, with those provisions.
material
of Lhe Board members, University
This rcnorr
is intended for the information
This is not intended
a
gencies.
F
e
d
e
r
a
l
a
n
d
o
t
h
e
r
c
o
g
n
i
z
a
n
t
t
h
e
manaqement,
p
u
blic record'
o
f
which is a matter
oi tfti" report,
tn. li=ttibution
ar&tu;€
Michigan,
Detroit,
August 20, 1993.
to
fimit
I
I
I
I
I
I
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l
I
l
I
I
e.Cc.
Anruun ANpERSEN
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
WITH THE GENERAL REQU]REMENTSAPPLICABLE TO THE
IINIVERS]TY' S MAJOR FEDERAL F]NANCIAL ASSISTANCE PROGRAMS
To the Board of control,
University:
Michigan Technological
of MICHIGAN TECHNOLOGICALUNIVERSITY
statements
the basic financiaf
We have audited
(Ehe ,,University')
as of and for the years ended June 30, 1993 and 1992, and have
issued our reporL thereon dated August 20, 1993.
compliance with che following
We have applied proced.ures to test the University's
proqrams, which
assistance
to its major Federal financial
appficable
requirements
for the
A
ssistance,
F
i
n
a
n
c
i
a
l
in the accompanying Schedule of Fed.eral
are identified
year ended June 30, 1,993.
.
Political
-
Davis-Bacon
.
Civil
'
Cash management
.
Rel-ocation
.
Federal- financia]
t
.
Al-lowabl-e costs/cost
.
Drug-Free
I
I
I
I
.
Administrative
activitv
Act
riqhts
(* = not
and real
assistance
property
acquisition*
reports
Workplace
principles
Act
requirements
applicable
to
the university's
1993 Federal
programs)
of
in the Office
procedures described
orrr nro.artrrrcs were limited
to the applicable
o
f
H
i
d
h
e
r
I
n
s
t
i
t
u
t
i
o
n
s
o
f
A
u
d
.
i
t
s
f
o
r
S
u
p
p
l
e
m
e
n
t
Management and Budget's Compliance
were
(October L99t).
Our procedures
Institutions
Education and Other Nonprofit
of which is the expression
the objective
less in scope than an audit,
sunsiantially
listed
in the
compliance with the requirements
on the University's
of an opinion
o
p
i
n
i
o
n
.
a
n
s
u
c
h
n
o
t
e
x
p
r
e
s
s
w
e
d
.
o
p
a
r
a
g
r
a
p
h
.
preceding
Accordinqly,
"7
I
I
t
I
I
I
I
t
I
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no
of those procedures disclosed
the results
With respecL to the items tested,
s
e
c
o
n
d
i
n
E
h
e
l
i
s
t
e
d
t
h
e
r
e
q
u
i
r
e
m
e
n
t
s
w
i
t
h
o
f
n
o
n
c
o
m
p
l
i
a
n
c
e
instances
material
nothing came Lo our
With respect to items not tested,
paragraph of this report.
in a1i
had not complied,
that Lhe University
that caused us to believe
Ltt"ntiol
o
f
o
u
r
a
u
diL
r
e
s
u
l
t
s
t
h
e
H
o
w
e
v
e
r
,
wiEh Ehose requirements.
materia1 respects,
of noncompliance with those reguiremenLs,
instances
procedures discLosed immaterial
in a separate
to the management of the University
that we have reported
- Schedule
communication dated November 30, 1993 and in the accompanying Schedule I
of Findings 1993.
of the Board members, University
This renort
is intended for the information
This is not intended
agencies.
Federal
and other
management, the cognizant
p
u
blic record.
o
f
a
m
a
t
t
e
r
i
s
w
h
i
c
h
r
e
p
o
r
t
,
t
h
i
s
o
f
the distribution
arLtu;€
Michigan,
Detroit,
August 20, 1993.
t
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t
I
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to
limit
I
AnrHunAxpTRSEN
s Co.
t
I
t
I
INDEPENDENT AUD]TORS' REPORT ON COMPL]ANCE WITH
.qPtrCTF'TC RROI]TRF]MENTS APPLICABLE TO THE UNIVERSITY'S
MAJOR FEDERAI, FINANCIAL
ASSISTANCE PROGRAMS
r
f
To the Board of Control,
Michigan Technological
University:
I
I
statements
of MICHIGAN TECHNOLOGICALUNIVERSITY
We have audited
the basic financial
(the "University")
as of and for the years ended June 30, 1993 and 1992, and have
issued our report thereon dated Auqust 20, 1993.
I
I
governing
compliance wit.h the requirements
We have also audited the University's
(3) matching, level of
(2) eligibility,
(1) t)pes of services al-lowed or unallowed,
(5) special reporting
(4) financial
support and/or earmarkinq,
reporting,
subrecipients , (7 ) indirect
cost a11ocation,
requirements , ( 6) monitoring
(including
(8) alLowable costs/cost
principles
claims for advances and
(9) special Lests and provisions
and (10) amounts claimed or used
reimbursements),
assistance
for matching that are applicable
to each of its major Federal financial
programs, which are id.entified
in the accompanying Schedule of Federal Financial
^ ^ ^ i q f A n r . a . t fL o
rJ sraa! a r o
fu h
is
1993.
v Lr
r r sc
s r rn
u €ruf o r l ,
v qT
l lr
s r n ol Q ,
The management of the University
4>DriLqrl9g
our
for the Universicy's
compliance with those requirements.
responsible
based
responsibitity
is to e)<press an opinion on compfiance with those requirements
on our audits.
I
f
I
F
I
I
I
f
I
in accordance wlth
of compliance with those requiremenLs
We conducted our audit
g
e
n
e
r
a
l
l
y
s
t
a
n
d
a
r
d
s
f
i
n
a
n
cial
audits contained
t
h
e
f
o
r
a
c
c
e
p
t
e
d
a
u
d
i
t
i
n
g
s
t
a
n
d
a
r
d
s
,
Generaf
issued by the Comptroller
Standards (1988 Revision),
in Government Auditinq
I
Io'@ncrorficeoiiuianaqemencanqBuogeuloi"iorcrrtujarA-i]j,
Those
lnstitutions.
of Hiqher Education and Other Nonprofit
Audits of Institutions
that we pl-an and perform the audit to
A-133 require
standards and. OMB Circular
I
noncompliance with the
obtain reasonable assurance about whether material
I
r
An audit
includes examining, on a test
to above occurred.
requirements
referred
We
compliance with those reguirements.
basis, evidence about the University's
a reasonable basis for our opinion.
believe
that our audit provides
f
I
I
I
-
I
I
I
t
of
immaterial
instances
However, the t:esults of our audit procedures disclosed
to Ehe management of the
that we have reported
noncompliance
with those requirements
in a separate communj-cation dated. November 30, 1993 and in the
Univeriity
1993.
We considered these instances
accompanying schedul-e I - Schedule of Findings
which is e>cpressed in the
of noncompliance in forminq our opinion on compliance,
paragraph.
following
I
t
I
I
I
with the
complied,
respects,
in all material
the University
In our opinion,
(1) t)pes of services allowed or unal-lowed, (2) eligibility,
governing
requirements
(4) financial
reporting,
(3) matching,
leveI of support, and/or earmarking,
(7) indirect
(6) monitoring
cost
(5) special reporLing requirements,
subrecipients,
(including
principles
(S) al-lowabfe costs/cosL
claims for advances and
al-location,
(9) special
and (10) amounts claimed or used
t,ests and provisions
reimbursements),
assistance
to each of iLs major Federaf financial
for matching uhat are applicable
programs for the year ended ,June 30, 1993.
$his rcnort
is intended for the information
of the Board members, University
This is not intended
management, the cognizanu and other Federal agencies.
which is a matter of public record.
of this report,
the distribution
t
I
I
I
ar&&;6
Detro i t , Mi ch igfan ,
August 20, 1993.
I
I
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I
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t
I
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I
-10-
to
l-imit
I
c.Cc.
Anruun ANpERSEN
I
I
I
I
t
I
I
t
t
I
I
I
l
INDEPENDENTAUDITORS' REPORT ON THE UN]VERSITY'S
COMPI,IANCEWITHREQUIREMENTSAPPLTCABLETONONMAJOR
To the Board of Control,
Univers ity :
Technological
uichigan
of MICHIGAN TEcHNoLoGIcAL UNIVERSITY
statements
the basic financial
We have audited
,
,
U
n
i
v
e
r
s
i
t
y
"
)
y
e
a
r
s
e
n
d
e
d June 30, 1993 and 1992' and have
t
h
e
as of and for
(the
1
'
9
9
3
'
2
0
,
A
u
g
u
s
t
d
a
t
e
d
t
h
e
r
e
o
n
issued our report
statements of the University'
In connection with our audits of the basic financial
used Eo
strucLure
controf
i
n
t
e
r
n
a
l
U
n
i
v
e
r
s
i
t
y
'
s
t
h
e
o
f
and with our consideration
o
f
o
f
f
i
c
e
b
y
programs, as required
assistance
Federal financial
administer
of Hiqher
A-133, Audits of lnstitutions
Managfement and Budget (oMB) circular
t
r
a
n
sactl-ons
c
e
r
t
a
i
n
w
e
s
e
l
e
c
t
e
d
I
n
s
t
i
t
u
t
i
o
n
s
,
Ed.ucltion and Othei Nonprofit
progtrams for the year
a
s
s
i
s
t
a
n
c
e
f
i
n
a
n
c
i
a
l
F
E
d
e
r
a
l
n
o
n
m
a
j
o
r
c
e
r
t
a
i
n
t
o
applicable
4-133, we have performed auditir:.j
ended June 30 , L993. As requireO by OMB Circular
(1) t\rpes of servlce'r
governing
r
e
q
u
i
r
e
m
e
n
t
s
l
n
e
l i )a n J e w i t h
p r o c e d . u r e s t o t e s t c o m-p( Z
o
f support and/or
l
e
v
e
l
(
3
)
m
a
t
c
h
i
n
g
,
a
n
d
e
l
i
g
i
b
i
l
i
t
y
al]owed. or unallowea,
p
r
o
c
e
dures were
O
u
r
'
to those transactions
earmarking that are applicable
w
h
i
c
h is the express'l :
o
f
o
b
j
e
c
t
i
v
e
t
h
e
than an audit,
less inlcope
substantially
According'r'
compliance with these requirements.
of an opinion on the UnivLrsity's
o
P
i
n
i
o
n
'
a
n
s
u
c
h
e
x
P
r
e
s
s
we do not
of those procedures
with respect to the items tested., the results
listed
r
e
quirements
t
h
e
j
n
s
t
a
n
c
e
s
w
i
t
h
o
f
n
o
n
c
o
m
p
l
i
a
n
c
e
materialnothing came to our
with respect to items not tested,
paragraph.
has not complied, in all
caused us to believe that the university
with those requirements.
of the Board members, University
Thiq rcnorl- is intended for the information
is nor..inrended
rll?
a
siencies:
F
e
d
e
r
a
t
o
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r
a
n
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public
record"
o
f
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the distribution
t
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v ,n
yngnur! v r L
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August 20, 1'993.
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I
discl-osed nrin the prece:i':
t'il
atLention
r e s l '"
material
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e.Co.
Anrnun ANpERSEN
INDEPENDENT AUDITORS' REPORT ON SCHEDULE
OF FEDERAL FINANCIAL ASSISTANCE
To the Board of Control-'
Michigan TechnologicaL University
of MICHTGAN TECIS{OLOGICALUNIVERSTTY
statements
the basic financial
We have audited
,
,
U
n
i
v
e
r
s
i
t
y
,
,
)
y
e
a
r
s
June 30, 1993 and 1992, and have
e
n
d
e
d
t
h
e
f
o
r
a
n
d
o
f
a
s
(the
statements
These basic financial
issued our report thereon dated August 20, 1993.
is to
r
e
s
p
o
n
s
i
b
i
l
i
t
y
O
u
r
m
a
n
a
g
e
m
e
n
t
'
of the University's
are the responsibility
'
a
u
d
l
t
s
o
u
r
o
n
b
a
s
e
d
s
t
a
t
e
m
e
n
t
s
f
i
n
a
n
c
i
a
l
b
a
s
i
c
t
h
e
or
express an tpinior
standards'
accepted auditing
We conducted our aud.its in accordance with generally
(1988
standards
Auditing
Government
in
contained
aud.its
the stand.ard.s for f inancial
C
i
r
c
u
lar
O
M
B
a
n
d
General of the United SLates
issued by the Comptroller
Revision),
l
n
s
t
i
t
u
L
i
o
n
s'
N
o
n
p
r
o
f
i
t
o
t
h
e
r
a
n
d
of Hiqher Ed,ucation
A-L33, Audits of Institutions
r
e
a
s
o
n
a
b
l
e
o
b
t
a
i
n
t
o
a
u
d
i
t
p
e
r
f
o
r
m
a
n
p
f
"
"
that we
Those standards iequire
statements are free of material
f i n a"n"cai l l
assurance about whether the basit
the
evidence supporting
on a test basis,
examining,
An audit incfudes
misstatement.
i
n
c
l
u
d
e
s
a
l
s
o
a
u
d
i
t
A
n
s
t
a
t
e
m
e
n
t
s
.
f
i
n
a
n
c
i
a
l
in the basic
amounts and drsclosures
estimates made by
used and significant
assessing the accounting principles
we
s
t
atement presentation'
financial
the overafl
management, as well- as evaluating
o
p
i
n
i
o
n
'
o
u
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our aud.it was made for the purpose of forming an opinion
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A-133, and is not
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Michigan,
Detroit,
August 20, 1993.
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qLP - r0n 6r{o/91
tsrnPfll.oLPrJHSl
BY Crorl
s U x { A R yE X P f t i S Eo B J E C I C O C E S
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M]CHIGAN TECHNOLOGICAL UN]VERSITY
SUMMARYOF FEDERAL FTNANCIAL ASSISTANCE
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FOR THE YEAR ENDED JUNE 30.
Financial
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E:<penditures
Assistauce
ST'MMARY FROM PAGES L3-27
$ 2,860,874*
11,488 ,428*
Aid
Student Financial
Research and DeveLopment
Assistance
other Financial
trotal
Dlrect:
College Work StudY
Noncash Assistance:
Perkins Loans
Stafford
Loans
Loans for
Supplemental
PLUS Loans
Total
otber
Student
' 1) A * *
i ] - A, 5 3 2 , O 2 8
AID
363,457
$
5,881 ,943***
3,076,380
243,7 47
6 .064
Students
Fluancial
5 9,57L,601*
Aid
s 2 4 . 1 , 0 3. 6 2 9
TOTAL, FEDERAIJ FINATiICIAIJ ASSISTAIICE
* Major
1A1
&
From Pagee L3-27
OTHER STUDENT FINA}ICIAIJ
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program
** We reviewed the account detail
on pages t3-27 of this report noting
as a major
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as "oLher" qualified
classified
funded
Federally
***perkins
loans outstanding
by total
Loans are,'measured"
new loans awarded during the year ended June 30, 1993.
on pages 13-27 with a 'P" in
Any expense listed
column is Federal pass through money. All other
in nature.
are direct
The accompanying
notes
are
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-28-
part
at
June 30,
the source of
grants listed
of
this
no
program
1993, plus
funds (S/F)
on pages 13-21
schedu]e.
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MICHIGAN
TECHNOIJOGICAL UNIVERSITY
NOTES TO THE SCHEDUIJE OF FEDERAI'
FOR THE YEAR ENDED JUNE 30,
(1)
ASSISTANCE
]-993
SCOPE OF AUDIT PURSUANTTO OMB CTRCULARA-133
All
(the
University
of Michigan Technological
Federaf grant operations
,,University" ) , are included in the scope of the oMB Circular
A-133 audit
(the ',Single Aud.it.,'). The Single Audit was performed in accordance with
of the OMB's Compliance Supplement for Audits of
the provisions
(the
Institutions
of Hiqher Education and Other Nonprofit
Inst,itutions
,,Compliance Suppl-ement", issued October 1991) . Compliance testing
of all
in the Compliance Supplement, was
general reguirements,
as described
norformed.
requirements was performed for
of specific
Compliance testing
all major programs.
The U.S. Department of Hea1th and Human Services has been designated
cognizant agency for the Single Audit.
University's
(2\
as the
SUMMARYOF SIGNIFICANT ACCOUNT]NGPOI,]CIES
Basis
of
Presentation
alf
includes
Assistance
The accompanying Schedule of Federal Financial
during Lhe year
which had activity
Federal grants to the University
ended June 30, l-993. Grant revenues are recorded for financiaf
Ir ^YhI /^Vr! f i h Lt rr I r V
l-tra
r o qe enyoe -v 1 -
hrlrhnqaq
lJulyvpso
i 1ta
drant
u r
rv ^v rrrhe ror n f h o
llnirrorsit\,/ ui
q
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FINANCIAL
- zY'
rhr a
q !s
mAf
l-hc
cnralifications
for
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MTCHTGAN TECHNOLOGICAL UN]VERSTTY
SCHEDULE I
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Questioned
F'indi no
Drndrem
I..ts
Findinq
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SCHEDULEOF FINDINGS 1993
.........#
a^<f
#1
observation
U.S.
Dept. of
Education
purchased major equipment during
The UniversiLy
charged it Eo
fiscaL year 1993 and inadvertently
for eguipment in the
a grant that does not provide
Lhe error
budget. During the course of the audit,
properly
reclassiand the University
was discovered
account.
fied the equipment to a non-federal
University
$3,200
Response
system which
of a new accounting
We have full
implementation
e
g
u
i
pment being
p
l
a
c
e
to monitor
put budget checking in
will
account.
funded
to
a
Federally
charged
-30-
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MICHIGAN TECHNOLOGICALUNIVERSTTY
SCHEDULE I
- SCHEDULEOF FINDINGS 1993
(Continued)
Questioned
Fi ndi no
Drddr:m
.l.+ry
:
t
q
#2
Findinq
Observation
Student
Financial
Assistance
The University
financial
aid to students'
applies
accounLs before the time allowed by the Federal
However, no funds are disbursed
regulations.
and the
to students until
the time allowed,
directly
University
does not request
the funds from the
covernment until
five days before the academic
term begins.
Therefore,
there is no financial
impact.
University
Response
Beginning with Lhe fa11 quarter
of 1993, our institution
has implemented new computer software
for processing
student
financial
aid and Student Accounts Receivable.
This
software a11ows us Lo select the daEes for authorization
of st.udent financial
and disbursement
aid.
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* The reimbursement effect
is
not reimbursable
or not
-31-
either
nominal,
ascertainable.
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SCHEDULE II - STATUS OF PRIOR-YEAR (1992) AUDIT FINDINGS
RELATING TO FEDERAL FINANCIAL ASS]STANCE PROGRA}'IS
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F'i ndi no
Dfndrih
ry
Findinq
Questioned
^^^* ^
#1
observation
U.s.
Dept. of
Education
employee
We noted one case in which a University
advance approval
country without
to a foreign
traveled
agency. We also noted a specific
from the granting
to the University's
case where a minor exception
should
policy
The University
was discovered.
travel
policy
is enforced and provide
ensure that the travel
communications beEween the necessary departments.
better
1993 University
Response
The Deans and Department Heads were reminded in a special
that Grants
meeting on November L7, 1993 of the requirement
45 days prior
travel
is required
officer
approval on foreign
to their
and were asked to relay this requirement
to Lravel,
Also, statements that Grants Officer
and staff.
faculty
to trip
45 days prior
is required
travel
approval on foreign
forms that Ehe Principal
is included on two University
One form is the Contract Activity
receives.
Investigator
when
office
Sheet that is prepared by the Research Services
Grant
c
o
n
t
r
a
c
t
o
r
t
h
e
f
o
r
m
i
s
p
r
o
j
e
c
t
o
t
h
e
r
f
u
n
d
e
d
.
T
h
e
i
s
a
office.
Budget Format prepared by the Research Accountinq
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is
or not
not reimbursable
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nominal,
either
ascertainable.
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MICHIGAN TECHNOLOGICALUNIVERSITY
S C H E D U L EI I - S T A T U S O F P R I O R - Y E A R ( 1 9 9 2 ) A U D I T F I N D I N G S
RELAT]NG TO FEDERAL FINANCIAL ASSISTANCE PROGRAMS
(Continued)
Questioned
Findinq
Student
Financial
Assistance
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#2
applies
financial
aid to students '
The University
accounts before the time allowed by the Federal
However, no funds are disbursed
regulations.
and the
the time allowed,
to students until
directly
the funds from the
does not request
University
five days before the academi-c
eovernment untilthere is no financial
term begins. Therefore,
impact.
1993 University
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a^<
Observation
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F'indi no
Drndram
+4
Response
Beginning with the fa11 quarLer of 1-993, our institution
student
for processing
has implemented new computer software
Thls softaid and student Accounts ReceivabLe.
financial
and
the dates for authorization
ware allows us to select
aid.
of student financial
disbursement
k'lhd1nd
A....+.+.+=.+
!
<
Observation
student
Financial
Assistance
to go
students dropping all classes who failed
checkout procedures were
through the University's
in order
Aid office
to the Financial
not reported
to perform a refund calculation.
* The reimbursement effect
is
or not
not reimbursable
- 3 3-
either
nominal,
ascertainable.
*
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MICHIGAN TECHNOLOGICALUNIVERSITY
SCHEDULE ]] - STATUS OF PRIOR-YEAR (1992) AUDIT FINDTNGS
RELATING TO FEDERAL FINANCIAT, ASSISTANCE PROGR
(Continued)
Findino
Prooram
I
1 QQ?
TTni rrarqi
l-\/
Questioned
Costs
Raqn.1nsa
is in the process of implementing
the University
currently,
a new student software system (BANNER). Since thls new
such
data base, information
system operates on a relational
(i.e.,
brackets
as check-outs and changes in tuition
be readily
will
students dropping below half-time)
by the department or area needing
and retrievable
accessible
the data.
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work together
Management will
Aid and Enrollment
Financiala procedure to handle students who drop all
to establish
check-out
to go through the University's
cl-asses and fail
procedures.
It
E i nrli
4
na
#d
observati-on
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st,udent
Financial
Assistance
Cash drawdowns were made in excess of what was
on five occasions
allowabl-e by Federal regulatj-ons
year. TVro such occasions were
the fiscal
throughout
drawing down in excess of three
due to the UniversiLy
occasions were due to the
t
h
r
e
e
a
n
d
days' funds
due to
overdrawing on its SEOGallocation
University
than 858. However, these
drawing down at 1008 rather
At the end of the fiscal
only.
overdraws were temporary
The estimated
was in compliance.
year, the University
51,000.
on these funds is approximately
interest
* The reimbursement effect
is
or not
not reimbursable
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either
nominal,
ascertainable.
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MICHIGAN TECHNOLOGICAL UNIVERSITY
SCHEDUI,EII - STATUS OF PRIOR-YEAR (1992) AUDIT FINDINGS
RELATING TO FEDERAL FINANC]AL ASSISTANCE PROGRAMS
(Continued)
Questioned
1993 Universitv
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ry
nc
Student
Financial
Assistance
The Federal share of College Work Study (CWS)
Lhroughout
reported
was internally
disbursements
than the 708 as allowed by
the year aL 642, rather
resulEed in the
This practice
Federal regulations.
and
more CWS funds to itself
allocating
University
p
o
r
t
i
o
n
.
y
e
a
r
w
a
s no
e
n
d
L
h
e
r
e
A
t
o
f
a
F
e
d
e
r
a
l
l-ess
because the University
from this practice
effect
the balance from the General Fund to its
transferred
was zero.
cWS account and the net effect
1993 University
I
During
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=.....=.l.j+
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#E
Observation
t
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Resnonse
basis
Aid on a regular
We are communicating with Financial
to fund.
the DOE is required
of the portion
to be certain
monitored to ensure
be closely
A1so, our drawdowns will
w
i
t
h
DoE guidelinesi
n
c
o
m
p
l
i
a
n
c
e
a
r
e
r
e
c
e
i
v
e
d
funds
t
I
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costs
-
Findinq
DrndY:m
lg
pi
nrli
fiscal
nn
ResPonse
year
1993,
our
draw-down was at
70?.
#6
observatlon
Student
Financial
Assistance
was granted SEOG funds
a student
Due to an over-award,
The PELL was canceled
being a PELL recipient.
without
because of the overaward and the SEOG funds remainec'
account in error.
in the student's
* The reimbursement
effect
or
not reimbursable
-35-
is
not
either
nominal,
ascertainable.
$900
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MICHTGAN TECHNOLOGICALUNIVERSITY
S C H E D U L EI I - S T A T U S O F P R I O R - Y E A R ( 1 9 9 2 ) A U D I T F I N D I N G S
RELATING TO FEDERAL FINANCIAL ASSISTANCE PROGRA}.{S
(Continued)
Questioned
Findinq
DrAdram
*..+..4
1993 Universitv
i ^ ^ l
ResPonse
but to prevent further
incidenL,
This was an isolated
our
of the staff
we have communicated to all
occurrences,
eliminated.
are
awards
when
Pell
need to remove sEoG awards
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MICHIGAN
SCHEDULE
III
-
TECIil{OLOGICAIJ
AUDITS
UNMRSITY
PERFORMED BY OTHER ORGANIZATIONS
has not had any audits performed by other organizations
The University
during the year ended June 30, L993.
Assistance
Federal Financial
reLated
a
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MICHIGA}I TECHNOI,OGICAI,UNIVERS ITY
H O U G H T O NM
, ICHIGAN 49931-1295
GENERAL ]NFORMATION
Arthur Andersen & co.
Center
one Detroit
500 Woodward Avenue
Michigan 48226-3424
Detroit,
Mark W. Mehall
Engagement ParEner:
(313) 596-7831Tel- No.:
The aud.it was performed
Accounting and Financial
between June 7,
Aid Department
1993 and August 20, 1993 at the University's
in Houghton, Michigan.
facilities
Commission on Higher
OrganizaEion:
Major Accrediting
University,s
of Colleges and Secondary schools.
North Central Association
Education
of
the
utilizes
The University
an SFA Consultant.
does not utilize
The University
Inc. ("UAS"), which is located at 180 North Executlve
Accountinq Service,
University
The
for the Perkins Loans.
Wisconsin,
53005, as servicer
Drive, Brookfield,
p
r
o
v
i
d
e
d
U
A
S
:
b
y
a
r
e
functions
following
!.
2.
3.
Services
Billing
Services
Colfection
Loan Status RePorting
I
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and. compliance with l-aws and
structure
controf
A review of UAS,s internal& Co. - Milwaukee, Wisconsin - during
A
n
d
.
e
r
s
e
n
p
e
r
f
o
r
m
e
d
A
r
t
h
u
r
b
y
w
a
s
regulations
the period July 1, 1992 Eo June 30, 1-993.
I
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Assistance
of the Federal Financiaf
and administration
Records for the accounting
Houghton,
and Student Services Building,
Droqrams are located at the Administration
4993L-12g5.
it:-.friortr
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