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 436,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 436,978. Uniforms and other supplies: program service expenses 266,073. Management and general expenses 71,362. Fundraising expenses 16,057. Total expenses 353,492. Institutional assessment: program service expenses 243,490. Management and general expenses 31,147. Fundraising expenses 0. Total expenses 274,637. Dues and memberships: program service expenses 126,372. Management and general expenses 66,561. Fundraising expenses 80,851. Total expenses 273,784. Student acct collection expense: program service expenses 0. Management and general expenses 215,288. Fundraising expenses 0. Total expenses 215,288. Other grant expenditures: program service expenses 197,567. Management and general expenses 860. Fundraising expenses 0. Total expenses 198,427. Institutional insurance: program service expenses 160,600. Management and general expenses 27,047. Fundraising expenses 0. Total expenses 187,647. Campus safety: program service expenses 119,339. Management and general expenses 33,370. Fundraising expenses 0. Total expenses 152,709. Equipment: program service expenses 94,141. Management and general expenses 44,730. Fundraising expenses 635. Total expenses 139,506. Student insurance: program service expenses 102,886. Management and general expenses 34,295. Fundraising expenses 0. Total expenses 137,181. Copying and printing expense: program service expenses 0. Management and general expenses 130,755. Fundraising expenses 0. Total expenses 130,755. Telephone expense: program service expenses 555. Management and general expenses 128,311. Fundraising expenses 1,066. Total expenses 129,932. Networking expenses: program service expenses 93,742. Management and general expenses 15,389. Fundraising expenses 0. Total expenses 109,131. Student activity expense: program service expenses 81,165. Management and general expenses 26,898. Fundraising expenses 0. Total expenses 108,063. Other athletic expenses: program service expenses 79,276. Management and general expenses 26,425. Fundraising expenses 0. Total expenses 105,701. Tuition waiver: program service expenses 74,115. Management and general expenses 26,817. Fundraising expenses 0. Total expenses 100,932. Athletic tournament expenses: program service expenses 69,792. Management and general expenses 23,264. Fundraising expenses 0. Total expenses 93,056. Upward bound: program service expenses 68,160. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,160. Bank/credit card fees: program service expenses 0. Management and general expenses 63,449. Fundraising expenses 2,306. Total expenses 65,755. Medical supplies: program service expenses 44,213. Management and general expenses 14,738. Fundraising expenses 0. Total expenses 58,951. Vehicle expenses: program service expenses 27,468. Management and general expenses 13,906. Fundraising expenses 0. Total expenses 41,374. Cost of accrued vacation: program service expenses 0. Management and general expenses 41,032. Fundraising expenses 0. Total expenses 41,032. Other misc expenses: program service expenses 24,615. Management and general expenses 13,131. Fundraising expenses 0. Total expenses 37,746. Postage: program service expenses 1,572. Management and general expenses 29,995. Fundraising expenses 4,860. Total expenses 36,427. Faculty development: program service expenses 33,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,050. Publications-student life: program service expenses 1,420. Management and general expenses 60. Fundraising expenses 25,771. Total expenses 27,251. Commencement expenses: program service expenses 0. Management and general expenses 20,959. Fundraising expenses 0. Total expenses 20,959. Homecoming expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 18,360. Total expenses 18,360. Recruitment expense: program ser”

“Change in value of perkins loan -6,060. Change in value of trusts held by third party 8,785.”

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