The Florida Auditor General’s office issued the operational audit report for Tallahassee State College (TSC), pointing out concerns such as financial oversight and transparency. The report, covering the 2024 calendar year, revealed several weaknesses. Although TSC has already started working on these issues, they disagree with one of them.
The first concern was that the office identified a severe weakness in financial reconciliation, noting that they were often incomplete or inaccurate. This pertains to the comparison between the company’s internal accounting system and the balance reported on the bank statement. It was discovered that TSC had differences ranging from $5 million less to $4.7 million more. Without timely reconciliation, the college risks undetected errors, fraud, and unreliable financial reporting.
The audit also identified gaps in tracking the college’s tangible personal property, with 227 of 773 items not verified in the 2023-24 report. It was found that, although most items were depreciated, 92 items still held a net book value of $1.3 million. While TSC disagreed with the finding, the auditors warned that this weak control could increase the risk of asset loss, theft, or misuse.
Finding three revealed that TSC failed to post all tuition and fees along with the proposed changes on its website, as required by law. TSC had only listed the average tuition per credit hour, omitting fee information. The college has since updated the site, but this situation showed a lack of transparency for students and families.
In the fourth area of concern, the auditors discovered that over 290 students had incorrect hours reported for adult general education courses—some hours were overreported, while others were underreported. This raised concerns about the accuracy of the data used to determine state funding. Although the College claimed to follow the Department of Education guidelines, the auditors observed that the methodology had not been verified.
This audit highlights the need for stronger internal controls and improved procedures to ensure accurate reporting. While TSC has resolved previous issues, these findings reveal the ongoing challenges in financial management.
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Someone should look into TSCs lackadaisical policies regarding attendance and grade inflation. Word on the street is that the college no longer withdraws students who aren’t attending classes, instead, keeping them on faculty rosters til the bitter end because it affects students’ financial aid. That is a waste of federal financial aid which requires attendance. TSC has openly states it wants a 100 percent pass rate, placing enormous pressure on faculty to pass students. Soon those degrees will be worthless.