The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Alpena Community College under programs of the federal government for the year ended June 30, 2025. The information in this Schedule 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). Because the Schedule presents only a selected portion of the operations of Alpena Community College, it is not intended to and does not present the financial position, changes in net position, or cash flows of Alpena Community College.
Alpena Community College has formatted the Schedule to conform to the recommendations of the Michigan Department of Education. The Schedule has been arranged to provide information on both actual cash received and the revenue recognized. Accordingly, the effects of accruals of accounts receivable, unearned revenue and accounts payable items at both the beginning and end of the fiscal year have been reported. Cash received is recorded on cash basis; expenditures are recorded on the accrual basis of accounting, which is described in Note 1 to the College’s financial statements. Revenues are recognized when the qualifying expenditures have been incurred and all grant requirements have been met. Expenditures reported on the Schedule are reported on the same basis of accounting as the basic financial statements which uses an economic resource measurement focus and accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, 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. Pass-through entity identifying numbers are presented where available.
Alpena Community College has elected not to use the 10 percent de minimus indirect cost rate to recover indirect costs as allowed under the Uniform Guidance.
Alpena Community College transferred $24,739 of the Federal Work-Study program (ALN #84.033) to the Federal Supplemental Educational Opportunity Grants (ALN #84.007), which expended in the 2024-2025 award year. Strengthening Community Colleges (ALN #17.261) includes $6,477 that was adjusted in the current year due to a timing reconciling item and to avoid double recognition in the current-year SEFA.
Alpena Community College originates but does not provide funding for Federal Direct Student Loans (FDL’s). The amount presented in the schedule of expenditures of federal awards represents the value of new FDL’s accepted by students during the year ended June 30, 2025.
The following shows a reconciliation of the direct programs total of the U.S. Department of Education grants received reported on the schedule of expenditures of federal awards to U.S. Department of Education Central Automated Process System payment requests (EDCAPS G6):
Management has utilized the Michigan Department of Education’s NexSys Grant Auditor Report (GAR) in preparing the schedule of expenditures of federal awards. Unreconciled differences, if any, have been disclosed to the auditor.
Revenues from federal sources are reported in Alpena Community College's basic financial statements as follows: