Notes to SEFA
Title: Programs Subject to Single Audit
Accounting Policies: In the accompanying schedules of expenditures of federal and state awards, expenditures are presented in conformity with generally accepted accounting principles. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal awards received by WCTC (either directly from the federal government or passed through the State of Wisconsin) and awards received from the State of Wisconsin have been included in the schedule of expenditures of federal and state awards.
Title: Schedule of Subrecipient Awards
Accounting Policies: In the accompanying schedules of expenditures of federal and state awards, expenditures are presented in conformity with generally accepted accounting principles. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no federal and state awards which were passed through to subrecipients for the year ended June 30, 2022.
Title: Scope of Review
Accounting Policies: In the accompanying schedules of expenditures of federal and state awards, expenditures are presented in conformity with generally accepted accounting principles. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Waukesha County Area Technical College District Board oversees the operation of Waukesha Area Technical College (WCTC) under the provisions of Chapter 38 of the Wisconsin statutes. WCTC includes the majority of Waukesha County and portions of Jefferson, Dodge, and Racine Counties and the local municipalities located therein. Activities of WCTC are subject to the audit requirements contained in the scope 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.
Title: Reconciliation of federal and state awards to the basic financial statement
Accounting Policies: In the accompanying schedules of expenditures of federal and state awards, expenditures are presented in conformity with generally accepted accounting principles. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
[see table in notes]
Title: Status of prior year findings
Accounting Policies: In the accompanying schedules of expenditures of federal and state awards, expenditures are presented in conformity with generally accepted accounting principles. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
One finding of noncompliance was reported in WCTC's Single Audit Report for the year ended June 30, 2021. Finding 2021-001 regarding suspension and debarment requirements was corrected in the year ended June 30, 2022.