Audit of the Quinsigamond Community College Foundation

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

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

The audit looked at whether foundation spending supported Quinsigamond Community College and followed the proper rules.

“In this performance audit, we examined the foundation’s expenditures that were used to support the mission of Quinsigamond Community College.”

The foundation handles donations meant to help scholarships, projects, services, and other college activities.

“This mission is accomplished by “contributing, soliciting, receiving and administering donations for any and all scholarships, projects, functions, services and activities sponsored by or participated in by the College.””

If you care about public education funds and donations, this report says the auditor found the foundation’s reviewed spending was documented and mission-related.

“For each payment, we noted that the expenditure supported the college’s mission and that invoices were approved by the appropriate authorized individuals.”

The foundation passed the audit question: its reviewed expenditures were properly documented and consistent with policies and procedures.

“Are the expenditures that the foundation makes properly documented and consistent with applicable policies and procedures?”

The report does not list corrective actions or recommendations; it says management reviewed the report contents with audit staff.

“My audit staff discussed the contents of this report with management of the agency, whose comments are reflected in this report.”

This matters because the foundation spent about $1 million during the two-year period the auditor reviewed.

“The foundation incurred approximately $1 million of expenditures during our audit period, July 1, 2017 through June 30, 2019.”

“Generally accepted government auditing standards” means the auditors followed formal government audit rules for planning, evidence, findings, and conclusions.

“Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives.”