A Financial Review of The University of Texas at Brownsville
September 2002
Report Number 03-003
Overall Conclusion
The Legislature and other oversight bodies can rely on The University of Texas at Brownsville's (University) financial information.
Key Facts and Findings
- IT weaknesses make the University's computer systems vulnerable to unauthorized
access. Although weaknesses exist in IT controls, the University's manual
reconciliation process mitigates the risk that reported financial data could
be unreliable. Our testing found no evidence that the system had been compromised.
The University is actively correcting the weaknesses.
- The University is working to address weaknesses in wire transfer procedures
and check handling to ensure that assets are properly protected. Despite these
weaknesses, we saw no evidence of loss or abuse of funds.
- The University is spending state appropriations and local funds in accordance
with limitations set forth in the General Appropriations Act and other applicable
state laws and regulations.
- We determined that the University's reported performance for the first generation
graduation rate is understated because the University's data collection method
does not fully capture information on graduates whose parents attended college
but did not graduate. Also, the University's reported Examination for the
Certification of Educators in Texas (ExCET) pass rate is incorrect because
the University's data collection method for this performance outcome excludes
certain teacher education graduates. The University committed to take corrective
action.
- We found no duplication in the enrollment data that the University and Texas
Southmost College reported to the Higher Education Coordinating Board.
Contact the SAO about this report.
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