Audit of the Bristol Community College Foundation (BCCF)

This is a state performance audit of Bristol Community College Foundation covering July 1, 2017 through June 30, 2019.

“This report details the audit objective, scope, and methodology for the audit period, July 1, 2017 through June 30, 2019.”

The audit was done to see whether the foundation’s expenses had proper backup and approval under its own rules.

“In this performance audit, we examined whether foundation expenditures were supported and approved in accordance with foundation policies and procedures.”

The foundation handles money meant to support Bristol Community College, including scholarships, grants, awards, fundraising, and property held for the college’s benefit.

“The foundation offers a scholarship program, grants for faculty and staff members, and student merit awards.”

If you are a student, family member, donor, taxpayer, or community member, this report says the sampled spending reviewed by auditors was properly documented, approved, and tied to the foundation’s mission.

“We reviewed supporting documentation, including invoices and evidence supporting receipt of purchases, for each of the 80 sampled transactions to determine whether expenditures were supported, approved, and applicable to the foundation’s mission.”

The auditor concluded that the foundation’s expenditures were supported and approved according to its policies and procedures.

“Are the expenditures that the foundation made supported and approved according to its policies and procedures?”

The report does not list required corrective actions because the audit found no significant reportable noncompliance.

“Our audit revealed no significant instances of noncompliance that must be reported under generally accepted government auditing standards.”

The review covered about $5.66 million in foundation spending over two years, so the conclusion applies to a meaningful amount of activity.

“The foundation incurred expenditures totaling approximately $5,661,518 during our audit period, July 1, 2017 through June 30, 2019.”

“Performance audit” means the State Auditor reviewed a specific question about how the foundation operated, rather than simply repeating the foundation’s financial statements.

“Below is our audit objective, indicating the question we intended our audit to answer and the conclusion we reached regarding the objective.”