WTC 3.10.3 Narrative
Back to Sections Index | To Previous Narrative | To Next Narrative

Section 3:  Resources

3.10.3

The institution audits financial aid programs as required by federal and state regulations.

Compliance
Partial Compliance
Non-Compliance





Narrative:

Western Texas College (WTC), as required by the Texas Higher Education Coordinating Board (THECB), hires an independent certified public accounting firm to audit its annual financial reports.    The audited reports include the Schedule for Expenditures of Federal Awards and the Schedule for Expenditures of State Awards.   In fiscal year 2003, these reports were titled as Schedule C and Schedule D respectively (link, FY2003 AFR, pg 23-25, Schedule C and Schedule D).   Beginning with fiscal year 2004, the reports were renamed as Schedule E and Schedule F respectively (link, FY2004 AFR, pg 31-32, Schedule E and Schedule F and FY2005 AFR, pg 32-33, Schedule E and Schedule F).

In conjunction with the audit of the prepared schedules, the auditor also reviews the procedures and reports of each office affiliated with the federal and state grants received for any discrepancies in federal or state regulations.    The independent auditing firm of May & Hrbacek, LLP, has issued no qualified opinions regarding their annual audit of Western Texas College’s internal controls and compliance with regard to federal or state grant requirements as exhibited in the auditor’s Report on Compliance with Requirements Applicable to Each Major Program and Internal Controls Over Compliance in Accordance with OMB Circular A-133.(link FY2003, pg 38-39, link FY2004, pg 25-26, link FY2005, pg 26-27).     May & Hrbacek, LLP, also indicates that unqualified opinions  have been issued for Western Texas College on Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local Governments, and Non-Profit Organizations. (link, SF-SAC, 2003, 2004 & 2005).  This form is submitted to the United States Department of Commerce, Economics and Statistics Administration U. S. Census Bureau National Processing Center as required by OMB Circular 133-A.   Western Texas College has had no correspondence with the Department of Education regarding its handling and reporting of federal or state funded programs.

Evidence of Support:

FY2003 AFR, pg 23-25, Schedule C and Schedule D
FY2004 AFR, pg 31-32, Schedule E and Schedule F
FY2005 AFR, pg 32-33, Schedule E and Schedule F
FY2005 Budget Requirements and Annual Reporting Requirements for
              Texas Public Community Colleges and Junior Colleges
FY2003 AFR, pg 38-39, Report on Compliance with Requirements Applicable to
Each Major Program and Internal Controls Over Compliance in Accordance with OMB Circular A-133
FY2004 AFR, pg 25-26, Report on Compliance with Requirements Applicable to
Each Major Program and Internal Controls Over Compliance in Accordance with OMB Circular A-133
FY2005 AFR, pg 26-27, Report on Compliance with Requirements Applicable to
Each  Major Program and Internal Controls Over Compliance in Accordance with OMB Circular A-133
Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local
            Governments, and Non-Profit Organizations for period ending 8/31/03
Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local
            Governments, and Non-Profit Organizations for period ending 8/31/04
Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local
            Governments, and Non-Profit Organizations for period ending 8/31/05

 


Back to Sections Index | To Previous Narrative | To Next Narrative