Audit Procedures -- Perkins Grants

1. The Vice President of Finance and Operations monitors grant expenditures on a monthly basis and generates the monthly requests for funds. The Vice President of Instruction will ensure that time and effort sheets are maintained on a monthly basis and that expenditures are in accordance with grant guidelines.

2. In June of each year the Vice President of Finance and Operations 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

3. 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.

Revision Dates: 05-16-2017, 09-11-2007.

Policy Number: 

500-21

Policy Type: 

Administrative Policy

Adoption Date: 

Thursday, September 2, 2004

Review Date: 

Tuesday, May 16, 2017

Revision Date: 

Tuesday, May 16, 2017