Review Date:
Jul-31-2007
Revision Date:
Sep-11-2007
Replaces Policy Dated:
Sep-02-2004
Policy Number:
500-21
Adoption Date:
Sep-02-2004
- Vice President of Finance and Operations monitors grant expenditures on a monthly basis and generates the monthly requests for funds. Vice-president of Instruction and the Assistant Dean for Technical Education - Director of Area Vocational School will ensure that time and effort sheets are maintained on a monthly basis and that expenditures are in accordance with grant guidelines.
- In June of each year the Vice-president of Instruction and the Dean for Technical Education (also recognized by the state as the Director of the Area Vocational School)will conduct an audit of all Perkins Grant purchase orders and time and effort sheets. The audit will ensure that grant expenditures are with in grant guidelines, that funds have been charged to the correct grant line-items, that all time and effort sheets are complete, and that grant funds are either spent or returned to the Kansas Board of Regents.
- Annually as part of the independent audit of Pratt Community College the audit firm will prepare a single audit report in accordance with OMB Circular A-133. This report includes the Perkins Grant funds.
