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AUDIT GIVES HIGH MARKS TO COLLEGE OF CANYONS.


Byline: Daily News

VALENCIA Valencia, region, Spain
Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia.
 - College of the Canyons College of the Canyons is one of the fastest-growing community colleges in the state. According to the National Junior College Research Association, College of the Canyons consistently ranks in the top 50 community colleges in the nation.  received a clean fiscal bill of health during its annual audit, approved recently by the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. .

The audit concluded ``no findings representing reportable conditions, material weaknesses and/or instances of noncompliance noncompliance

failure of the owner to follow instructions, particularly in administering medication as prescribed; a cause of a less than expected response to treatment.

noncompliance 
 related to the financial statements.''

The Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country,  Community College District, which governs the Valencia two-year college, earned the same conclusion for its federal and state awards.

College officials said the audit, approved by the board at its Jan. 19 meeting, serves as outside verification of a commitment to sound risk- management practices, skillful skill·ful  
adj.
1. Possessing or exercising skill; expert. See Synonyms at proficient.

2. Characterized by, exhibiting, or requiring skill.
 planning, successful dealing with the state's unstable unstable,
adj 1. not firm or fixed in one place; likely to move.
2. capable of undergoing spontaneous change. A nuclide in an unstable state is called
radioactive. An atom in an unstable state is called
excited.
 funding mechanism and the ability to anticipate liabilities.

The college has had to deal with budget uncertainties while serving a growing population. A second campus is planned in Canyon Country.

``The lack of findings contained in this audit report reinforces the district's consistent practice of complying with general accounting standards, anticipating new requirements and maintaining adequate internal budget controls,'' college President Dianne G. Van Hook said. ``As a result, we have been able to safeguard the assets of the district. Our fiscal stability and planning enable us to work with community partners in a forward-thinking manner to anticipate and prepare for future demands in our local economy.''

Board President Joan MacGregor said she was pleased with the results of the audit.

``The trustees and the administration have worked very hard to be good stewards of the taxpayers' money,'' she said.

It is unusual for an organization to come through an audit without a single finding, said Sharlene Coleal, vice president for business services at College of the Canyons, who credited the campus Business Services Department.
COPYRIGHT 2005 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Feb 5, 2005
Words:277
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