1 Milwaukee Area Technical College District Legislative Audit Bureau June 2006

2 Legislative Audit Activity at MATC u Report 03-4 released in March 2003 u Joint Audit Committee follow-up u Letter report on Outside Legal Counsel released in August 2005 u Personnel Policies and Practices audit is a work-in-progress

3 MATC Enrollment u District serves all of Milwaukee County, most of Ozaukee County, and parts of Washington and Waukesha counties u In , full-time equivalent student enrollment at MATC was 13,381 u In , Technical College System enrollment was 68,414

4 MATC Financial Information, FY u Operating expenditures - - $160,399,463 u Cost per FTE student - - $11,987 u State aid - - $26,272,800

5 Property Tax Revenues u MATC has been at or near the 1.5 operating mill rate limit since FY u Property value increases in the MATC District are higher than those reported in nine other districts

6 Budget Management at MATC u Board is meeting in June u The Board has been responsive to some of the recommendations we made in March 2003 u Some budget issues we identified in March 2003 are of continued concern

7 Milwaukee Area Technical College District Legislative Audit Bureau June 2006