| | 1: | | Title: | | | | | Volume/Number: | 2012 | | | | Issuing Agency: | | | | | Description: | We identified several deficiencies in the administrative operations of the College Illinois! Prepaid Tuition Program (Program) including a procurement process that lacked consistency, transparency, independence, documentation, and compliance with procurement rules and the Procurement Code. We also identified management issues including a lack of support for actuarial assumptions used when setting contract prices, not having a set policy for how Program costs are allocated, and not utilizing key controls governing the Programs investments. | | | | Date Created: | 05 02 2012 | | | | Agency ID: | | | | | ISL ID: | 000000042178 Original UID: 21691 FIRST WORD: Management | |
|
