Comprehensive Standard 3.10.3

 

The institution audits financial programs as required by federal and state regulations. (Financial Aid Audits)

 

COMPLIANCE

 

Narrative:

 

The institution is audited annually for all programs to include all local, state and federal financial aid programs. The audited information is included in the annual financial statement audited by an independent certified public accounted contracted by the Board of Trustees. Copies of the audited financial report are filled with all appropriate agencies as required by local, state and federal law.

 

Documentation

 

1.    2007 Vernon College Annual Audit

2.    2006 Vernon College Annual Audit

3.    2005 Vernon College Annual Audit

4.    Eligibility and Certification Report, US Department of Education

5.    Financial Aid Eligibility and Certification Approval Report