057-7 Wyo. Code R. §§ 7-4 - Reporting Financial and Enrollment Audits
(a) Community college audits shall be
accomplished in the manner set forth in
W.S.
16-4-121.
(b) Community college audits shall include a
financial and compliance audit that meets recognized industry standards, the
audit requirements of any federal agencies participating in a program of the
community college, the reporting requirements of the Department of Audit, and
the NACUBO reporting requirements of the Commission.
(c) Each community college shall request
their independent auditor to provide audit reports to the community college
board of trustees, the Commission, and the Budget Division of the Department of
Administration and Information by December 31 of each year pursuant to W.S.
W.S.
16-4-122 and
21-18-204.
(d) By October 1 of every even numbered year,
the community colleges shall provide a report of expenditures made for
emergency repair, preventive maintenance, and renewal projects funded or
partially funded by the contingency reserve account. The listing shall cover
the previous biennium and shall be provided in a Commission approved format as
shown in its Facilities Handbook.
(e) The community colleges shall submit
adopted fiscal year budgets to the Commission by July 31 of each
year.
(f) The community colleges
shall submit a Biennial Funding Report (BFR) to the Commission by September 1
of each year in the format shown in the Fiscal Handbook.
Adjustments made by community college boards to annual budgets, and therefore
to the BFR, shall be submitted as soon as possible after adoption by a
community college board.
(g) Each
community college shall provide to the Commission enrollment data per the
schedule in the Data Collection & Reporting Requirements
Handbook. These data elements shall be used to create Commission
approved publications four times yearly. The draft reports shall be reviewed by
the community college prior to presentation to the Commission.
(h) Community college data that pertain to
the reporting of full time equivalent student headcounts as well as course
level of instruction coding shall be audited by the Commission in accordance
with W.S.
21-18-202(e)(ii). Along with
these two core audit topics, additional audit components may be added to
further validate the student headcounts that relate to full time equivalency
headcount reported by the colleges. These additional audit components, referred
to as ancillary audit items, shall be presented to the Commission.
Notes
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