Tennessee Wesleyan University

“Federal form 990 is presented to the vice president for financial affairs who reviews to make sure numbers are correctly reported. Vp for financial affairs then presents 990 to the finance committee for review. They will then vote for approval. Once approved the 990 is presented to the entire board of trustees for review. Final approval is made by the board before filing of the return.”

“The president's salary is reviewed and approved by the executive committee of the board of trustees. Salary surveys are also utilized in order to provide comparative data for review prior to approval. Officers salaries are suggested by the executive committee of the board of trustees prior to hire date. Once hired salaries are adjusted based upon performance and recommendations of the board.”

“Governing documents, conflict of interest policies, and financial statements are only available upon request by the public.”

“Facility fees: program service expenses 244,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 244,694. Maintenance and repairs: program service expenses 196,511. Management and general expenses 24,575. Fundraising expenses 0. Total expenses 221,086. Dues and memberships: program service expenses 95,454. Management and general expenses 121,392. Fundraising expenses 3,723. Total expenses 220,569. Tuition waiver: program service expenses 154,095. Management and general expenses 39,390. Fundraising expenses 0. Total expenses 193,485. Copying and printing expense: program service expenses 0. Management and general expenses 172,902. Fundraising expenses 0. Total expenses 172,902. Institutional insurance: program service expenses 136,311. Management and general expenses 22,731. Fundraising expenses 0. Total expenses 159,042. Campus safety: program service expenses 116,712. Management and general expenses 33,494. Fundraising expenses 0. Total expenses 150,206. Telephone expense: program service expenses 3,184. Management and general expenses 136,944. Fundraising expenses 30. Total expenses 140,158. Athletic tournament expenses: program service expenses 97,140. Management and general expenses 32,380. Fundraising expenses 0. Total expenses 129,520. Restricted expenditures: program service expenses 105,608. Management and general expenses 23,537. Fundraising expenses 0. Total expenses 129,145. Equipment: program service expenses 78,228. Management and general expenses 50,043. Fundraising expenses 824. Total expenses 129,095. Student insurance: program service expenses 92,667. Management and general expenses 30,889. Fundraising expenses 0. Total expenses 123,556. Other athletic expenses: program service expenses 75,224. Management and general expenses 25,075. Fundraising expenses 0. Total expenses 100,299. Student activity expense: program service expenses 48,563. Management and general expenses 16,188. Fundraising expenses 0. Total expenses 64,751. Medical supplies: program service expenses 44,403. Management and general expenses 14,801. Fundraising expenses 0. Total expenses 59,204. Postage: program service expenses 2,457. Management and general expenses 48,139. Fundraising expenses 143. Total expenses 50,739. Bank/credit card fees: program service expenses 0. Management and general expenses 36,373. Fundraising expenses 738. Total expenses 37,111. Commencement expenses: program service expenses 0. Management and general expenses 30,753. Fundraising expenses 0. Total expenses 30,753. Networking expenses: program service expenses 0. Management and general expenses 23,961. Fundraising expenses 0. Total expenses 23,961. Vehicle expenses: program service expenses 12,081. Management and general expenses 5,984. Fundraising expenses 0. Total expenses 18,065. Recruitment expense: program service expenses 16,113. Management and general expenses 1,657. Fundraising expenses 0. Total expenses 17,770. Faculty development: program service expenses 16,779. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,779. Institutional assessment: program service expenses 0. Management and general expenses 16,010. Fundraising expenses 0. Total expenses 16,010. Entertainment: program service expenses 0. Management and general expenses 3,318. Fundraising expenses 11,255. Total expenses 14,573. Homecoming expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 14,461. Total expenses 14,461. Choir expenses: program service expenses 10,573. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,573. Faculty/staff meals: program service expenses 0. Management and general expenses 9,603. Fundraising expenses 0. Total expenses 9,603. Library expenses: program service expenses 8,517. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,517. Athletic team meals: program service expenses 4,334. Management and general expenses 1,445. Fundr”

“Change in value of perkins loan 3,800. Change in value of trusts held by third party 101,028.”

“The oversight process or selection process for the financial audit has not changed from the prior year.”