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SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended June 30, 2003
A - SUMMARY OF AUDIT RESULTS:
1. The independent auditor's report expresses an unqualified opinion on the financial statements of Lane Community College.
2. There were no reportable conditions in internal control over financial reporting disclosed during the audit of the financial statements of Lane Community College.
3. No instances of noncompliance material to the financial statements of Lane Community College were disclosed during the audit.
4. There were no reportable conditions in internal control over compliance disclosed during the audit of the major federal award programs of Lane Community College.
5. The independent auditor's report on compliance for the major federal award programs of Lane Community College expresses an unqualified opinion.
6. No audit findings relative to the major federal award programs of Lane Community College are reported in this schedule.
7. The programs tested as major programs included the following programs:
| Program Name | CFDA Number | |
| Student Financial Aid Cluster: | ||
Supplemental Educational Opportunity Grants |
84.007 | |
College Work Study |
84.033 | |
Perkins Loans |
84.038 | |
Pell Grant |
84.063 | |
Federal Direct Student Loan |
84.268 | |
| Vocational Education – Basic Grants to States | 84.048 | |
| Small Business Development Center | 59.03 |
8. The threshold for distinguishing Type A programs from Type B programs was $970,000.
9. Lane Community College was determined to be a low-risk auditee.
B - FINDINGS, FINANCIAL STATEMENTS AUDIT:
None.
C - FINDINGS AND QUESTIONED COSTS, MAJOR FEDERAL AWARD PROGRAMS AUDIT:
None.
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