The accompanying Schedules of Expenditures of Federal and State Awards include the federal grant and state grant activity of Gateway Technical College District (the “District”) under programs of the federal and state government for the year ended June 30, 2025. The information in these schedules is 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 Wisconsin 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.
The District's federal oversight agency for audit is the U.S. Department of Education. The District's state cognizant agency is the Wisconsin Technical College System. Grant monies received and disbursed by the District are for specific purposes and are subject to review and audit by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the District does not believe that such disallowances, if any, would have a material effect on the financial position of the District. As of June 30, 2025 management was not aware of any material questioned or disallowed costs as a result of grant audits in process or completed.
All programs under the Student Financial Aid Program Cluster heading in the Schedule of Expenditures of Federal Awards are considered Student Financial Aid Programs and expenditures are added together to determine if they meet the major program criteria.
The Direct Loans (Federal Assistance Listing Number 84.268) is comprised of the following types of loans: Subsidized Stafford Loans $3,693,529 Unsubsidized Stafford Loans $4,206,361 Total Direct Loans $7,899,890
The following is a reconciliation of federal revenues per the schedule of expenditures of federal awards to the federal revenues per the District basic financial statements. Revenues per schedule of expenditures of federal awards $23,697,546 Add other federal funding $194,663 Revenues per basic financial statements $23,892,209 Revenues per basic financial statements Operating revenue – federal grants $12,729,880 Nonoperating revenue – federal grants $11,018,630 Nonoperating revenue – federal capital grants $143,699 Total $23,892,209
The following is a reconciliation of state revenues per the schedule of expenditures of state award to the state revenues per the District’s basic financial statements. Revenues per schedule of expenditures of state awards $50,014,157 Other adjustments: Radio grant $30,000 Adjustments from the prior year$(22,681) Revenues per basic financial statements $50,021,476 Revenues per basic financial statements Operating revenue – state grants $4,923,802 Nonoperating revenue – state grants $44,173,083 Nonoperating revenue – state capital grants $924,591 Total $50,021,476
The following programs are included on the Schedule of Expenditures of State Awards but are not subject to the Single Audit Act. ID Number / Funding Agency / Name of Program / Amount 835.103 / Wisconsin Department of Revenue / State Aid – Personal Property / $551,428 835.109 / Wisconsin Department of Revenue / State Aid – Computers / $137,601
The District 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 34 CFR 668.8(e)(2)