1. Internal Control Process at Geneseo

2. Objectives Understand the objectives of effective internal controls Describe Geneseo’s internal control program Accurately complete the Vulnerability Assessment Survey

3. Why Internal Controls? Achievement of College’s mission Integrity of financial and institutional data Safeguard assets and information Efficiency of programs & operations Compliance with the law Protects You!!

4. Geneseo Internal Control Systems Legal Rules Physical Custodial Financial Recordkeeping

5. Geneseo Internal Control Systems General NYS Ed Law, other laws,& regs SUNY Trustees Policies Admin professional handbook Mission statements & operational objectives Policy handbooks & memos Org. charts & decision hierarchies

6. Geneseo Internal Control Systems Administrative Budget process Chart of accounts Internal audit activity Equipment inventory system Institutional data coordination Risk Management

7. Geneseo Internal Control Systems People Position descriptions Hiring procedures Workforce & succession planning

8. Internal Control Review Process Internal Control Committee ICP brochure distributed annually Tone at the top-VP Admin memo Vulnerability Assessment Survey

9. Internal Control Review Process Internal control program audits Audits by SUNY, NYS & others Risk Management Periodic reports to SUNY & NYS

10. Vulnerability Assessment Survey IC Committee selects areas for review Ensures controls are in place to help College & Department meet objectives Identifies areas for improvement

11. Survey Tool includes Management Environment Organizational Structure Personnel Delegation & Communication Authority Policies & Procedures Org. checks & balances Budgeting & Monitoring

12. Survey Tool includes Procurement Property Control Impact outside College Cash Activities Travel Information Technology Supplies & Materials Documents & Records

13. Results Internal Control Officer & Coordinator  review  make recommendations IC Committee  evaluates  recommends action

14. Changes from Prior Year Survey software tool Categories revised Questions clearer & focused on what we do Opportunity to comment Glossary of terms No scoring!

15. Vulnerability Ranking Low Moderately low Moderately high High

16. Recommendations for Action No Action Instruct/Train Establish/ Modify Procedure Request IC audit Conduct IC Review Document Procedures Retake Survey Other (define)

17. Questions & Concerns