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 includes 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.
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.
The Institution is in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: • Correspondence courses the institution offers under 34 CFR 600.7(b) and (g) • Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) • Institution’s regular students that are incarcerated under 34 CFR 600.7(c) and (g) • Completion rates for confined or incarcerated individuals enrolled in non-degree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) • Institution’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) • Completion rates for short-term programs under 34 CFR 668.8(f) and (g) • Placement rates for short-term programs under https://www.ecfr.gov/current/title-34/subtitle-B/chapter-VI/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2)
Following is a reconciliation of federal revenues per the schedule of expenditures of federal awards to the federal revenues per the College’s basic financial statements. Expenditures per schedule of federal awards $8,311,377 Less: Revenues related to Federal Direct Student Loans $(2,234,977) Revenues per basic financial statements $6,076,400 Revenues per basic financial statements Operating - federal grants $1,754,523 Non-operating Federal financial assistance - Pell $4,321,877 Total $6,076,400
Following is a reconciliation of state revenues per the schedule of expenditures of state awards to the state revenues per the College’s basic financial statements. Expenditures per schedule of state awards $31,150,296 Revenues per basic financial statements Operating revenues - state grants $2,676,190 Non-operating State operating appropriations $28,380,367 Capital contributions (state portion) $93,739 Total $31,150,296