Preparing for the Audit – A-133 (Single Audit) Presented by Elisa Stilwell Senior Manager – KPMG LLP KPMG LLP

May 22, 2007 GAAP Reporting Workshop 2 First Day of Fieldwork – Submission to KPMG Campus Team All PBC schedules – see A-133 PBC list in Chapter 9 (higher and limited scope campuses) Completed and approved reporting package, which includes Schedule of Expenditures of Federal Awards (SEFA) Risk assessment questionnaires – to be completed for all federal programs with total expenditures greater than $300,000 (refer to Chapter 9)

May 22, 2007 GAAP Reporting Workshop A-133 Higher Scope Campuses – Student Financial Assistance Program 1. Channel Islands 2. Fullerton 3. Long Beach 4. Northridge 5. Pomona 6. San Francisco 7. Sonoma 8. Stanislaus

May 22, 2007 GAAP Reporting Workshop 4 KPMG Information Risk Management (IRM) Audit Team – Scope of Work Financial aid system controls at selected campuses (7 campuses – both higher and limited scope campuses) Department of Education upload to campus Student Information System (PeopleSoft or Legacy) Grade system – user access Interface from grade system to financial aid system (if applicable)

May 22, 2007 GAAP Reporting Workshop 5 Prior Year Activity Prior year expenditures Student Financial Assistance Cluster – $1,219,795,000 Research & Development Cluster – $19,845,000 San Francisco Head Start Program – $18,024,000 San Francisco – $13,737,000 Sonoma – $4,214,000 Bakersfield – $73,000

May 22, 2007 GAAP Reporting Workshop 6 Prior Year Activity, continued 4 programs with expenditures over $2,000, , , and Dept. of Education – TRIO Grants $2,091,000 (Chico, San Diego, Sonoma, Stanislaus) Dept. of Health and Human Services – Child Care and Development Block Grants $2,741,000 (Humboldt, Sonoma) Dept. of Health and Human Services – Biomedical Research and Research Training Grant $2,165,000 (San Francisco) Dept. of Commerce – Coastal Zone Management Estuarine Research Reserves Grant $2,263,000 (San Francisco) 6 additional programs with expenditures over $1,000,000

May 22, 2007 GAAP Reporting Workshop Major Programs Student Financial Aid Cluster Research & Development Cluster Head Start Program Other programs – to be determined based on consolidated expenditures and risk assessment process Type A program threshold – $3,000,000

May 22, 2007 GAAP Reporting Workshop 8 Key Deadlines – Submission to CO Preliminary Schedule of Expenditures of Federal Awards (SEFA) submitted in YES – July 31, 2007 Campus reporting package (includes financial statement and A-133 audits, including FISAP) – October 18, 2007 A-133 findings – November 7, 2007

May 22, 2007 GAAP Reporting Workshop 9 Questions?