057-7 Wyo. Code R. § 7-4
(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.
057-7 Wyo. Code R. § 7-4
Amended, Eff. 11/29/2016.
Amended, Eff. 11/21/2017.