­Big Sandy Community and Technical College (BSCTC) is a part of the Kentucky Community and Technical College System (KCTCS). Crowe Chizek and Company LLC conducts an annual financial audit of KCTCS, which includes all its colleges. The audit is conducted in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller of the United States. The audit material produced annually by the audit firm includes the audited financial report, the A-133 audit (the audit of federally-funded programs including federal financial aid), and the audit management letter. The A-133 audit contains the auditors' management comments concerning federally-funded programs. The management comments (related to the financial audit or the A-133 audit) for Big Sandy Community and Technical College are specified in the letter [1]. The A-133 audits for KCTCS and BSCTC for FY06 [2], FY05 [3], and FY04 [4] are attached. The FY06 A-133 audit noted two minor exceptions related to financial aid and corrective action was implemented. BSCTC's responses are included on pages 43 and 45 [5] of the audit report. The 2005 A-133 financial aid audit noted three minor exceptions related to financial aid and corrective action was implemented and is documented on pages 56, 59, and 60 [6] of the A-133 Audit report. During the 2004 A-133 financial aid Audit, BSCTC was determined compliant in all areas. The A-133 audit contains auditor's comments related to the financial audit pertaining to each individual college.

BSCTC has received an acknowledgement notice from the United Sates Department of Education identifying compliance as stated by the program participation agreement (PPA) [7] entered into with the U.S. Department of Education and further documented in the Eligibility and Certification Report (ECAR) [8].

State administered programs such as the Federal Family Education Loan Program (FFELP), the College Access Program (CAP), the Kentucky Educational Excellence Scholarship (KEES), the KHEAA Teacher Scholarship, the Robert C. Byrd Scholarship, the Early Childhood Scholarship, high school dual credit, and the Kentucky National Guard Tuition Scholarship are audited by the Kentucky higher Education Assistance Authority (KHEAA). KHEAA provides written notification of areas that are not in compliance. BSCTC has not received any notices of non-compliance.

KCTCS is on the electronic transfer method for receipt of federal funds. Funds are then allocated to the appropriate College account for disbursement.

Source

Location/Special Instructions

1.

FY06 Audit Management Letter

3.10.3.1_Management_Letter_From_Independent_Auditor.pdf

2.

2006 A-133 Audit

3.10.3.2_5_A_133_audit_FY06.pdf

3.

2005 A-133 Audit

3.10.3.3_6_A133_FY05.pdf

4.

2004 A-133

3.10.3.4_A133_for_2004.pdf

5.

2006 A-133 Audit, pgs. 43 and 45

3.10.3.2_5_A_133_audit_FY06.pdf#page=46

6.

2005 A-133 Audit, pgs. 56, 59, and 60

3.10.3.3_6_A133_FY05.pdf#page=59

7.

Program Participation Agreement (PPA)

3.10.3.7_PPA.PDF

8.

Eligibility and Certification Approval Report (ECAR)

3.10.3.8_ECAR.PDF