Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards for the District are
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance) and the “State Single Audit Guidelines” issued by the Wisconsin
Department of Administration.
The Schedules of Expenditures of Federal and State Awards include all federal and state awards
of the District. Because the schedules present only a selected portion of the operations of the
District, it is not intended to and does not present the financial position, changes in net position,
or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has an approved indirect cost rate approved by the Department of Health and Human
Services that is in effect until June 30, 2027. The District is not eligible to charge the de minimis
indirect rate of 10% of modified total direct costs on the grants.
The accompanying Schedule of Expenditures of Federal and State Awards for the District are
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance) and the “State Single Audit Guidelines” issued by the Wisconsin
Department of Administration.
The Schedules of Expenditures of Federal and State Awards include all federal and state awards
of the District. Because the schedules present only a selected portion of the operations of the
District, it is not intended to and does not present the financial position, changes in net position,
or cash flows of the District.
Title: Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards for the District are
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance) and the “State Single Audit Guidelines” issued by the Wisconsin
Department of Administration.
The Schedules of Expenditures of Federal and State Awards include all federal and state awards
of the District. Because the schedules present only a selected portion of the operations of the
District, it is not intended to and does not present the financial position, changes in net position,
or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has an approved indirect cost rate approved by the Department of Health and Human
Services that is in effect until June 30, 2027. The District is not eligible to charge the de minimis
indirect rate of 10% of modified total direct costs on the grants.
Revenues and expenditures in the schedule are presented in accordance with the accrual basis
of accounting and are in agreement with amounts reported in the District’s basic financial
statements. Expenditures are recognized following the cost principles contained in the Uniform
guidance and State Single Audit Guidelines, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Accrued revenue at year-end includes federal and
state program expenditures scheduled for reimbursement to the District in the succeeding year.
Match represents District contributions to federal and state programs.
Title: Oversight Agencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards for the District are
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance) and the “State Single Audit Guidelines” issued by the Wisconsin
Department of Administration.
The Schedules of Expenditures of Federal and State Awards include all federal and state awards
of the District. Because the schedules present only a selected portion of the operations of the
District, it is not intended to and does not present the financial position, changes in net position,
or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has an approved indirect cost rate approved by the Department of Health and Human
Services that is in effect until June 30, 2027. The District is not eligible to charge the de minimis
indirect rate of 10% of modified total direct costs on the grants.
The U.S. Department of Education is the federal oversight agency for the District. The Wisconsin
Technical College System Board is the state oversight agency for the District.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards for the District are
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance) and the “State Single Audit Guidelines” issued by the Wisconsin
Department of Administration.
The Schedules of Expenditures of Federal and State Awards include all federal and state awards
of the District. Because the schedules present only a selected portion of the operations of the
District, it is not intended to and does not present the financial position, changes in net position,
or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has an approved indirect cost rate approved by the Department of Health and Human
Services that is in effect until June 30, 2027. The District is not eligible to charge the de minimis
indirect rate of 10% of modified total direct costs on the grants.
The District has an approved indirect cost rate approved by the Department of Health and Human
Services that is in effect until June 30, 2027. The District is not eligible to charge the de minimis
indirect rate of 10% of modified total direct costs on the grants.