The Waukesha County Area Technical College District Board oversees the operation of Waukesha County 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.
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.
The accompanying schedules of expenditures of federal and state awards (the Schedules) includes the federal and state award activity of WCTC 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 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and State Single Audit Guidelines. Because the Schedules present only a selected portion of the operations of WCTC, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of WCTC.
Federal Awards/ State Awards Revenues reported on the schedule of federal and state awards: $ 11,205,096 / $ 56,933,289 Revenues related to Federal Family Education Loan Program: (4,408,147) / - DVR Training Grant Student Awards: (501,599) / - Revenues reported in the basic financial statements: $ 6,295,350/ $ 56,933,289 State grants and contracts: $ - / $ 2,822,610 Federal grants and contracts: 6,284,915 / - State appropriations: - / 52,986,038 Federal and state appropriations for capital-related grants: 10,435 / 1,125,641 Other: - / (1,000) Total state and federal grants and contracts on the Statement of Revenues, Expenditures, and Changes in Net Position: $ 6,295,350 / $ 56,933,289