An Audit of Asset Management
An Audit of Asset Management at the Lamar State Colleges
June 2026
Overview
All three higher education institutions audited, Lamar Institute of Technology (Institute), Lamar State College - Orange (College - Orange), and Lamar State College - Port Arthur (College - Port Arthur), had established processes and related measures to oversee the asset management process.
The College - Orange maintained and safeguarded assets in accordance with applicable requirements. However, the Institute and the College - Port Arthur did not consistently follow processes to ensure that assets were managed according to internal procedures and the Texas Government Code.
