Notes to SEFA
The accompanying schedules of expenditures of federal and state awards (the schedules) include federal and state award activity of Lawrence University Wisconsin (the University) under programs of the federal and state government for the year ended June 30, 2022. 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. Because the schedules present only a selected portion of operations of the University, they are not intended to and do not present the financial position, changes in net assets, or cash flows of the University.
The federal student loan program listed in the schedule of expenditures of federal awards is administered by the University, and balances and transactions relating to this program are included in the University’s basic financial statements. The following is the roll forward of the Perkins Loan Program (ALN 84.038) for the year ended June 30, 2025:Beginning Ending Balance Additions Reductions Balance $ 1,056,047 $ - $ (265,944) $ 790,103
The University has no sub-recipients of federal funds for the year ended June 30, 2025.