Skip to main content
Business Office » Financial Reports

Financial Reports

Audited Financial Statements
The Indiana County Technology Center (ICTC) is required to have an outside firm perform an audit of the Center's financial records, internal controls, and operating systems annually. Additionally, certain grant funds require a Single Audit to be performed. 
 
Audited Financial Statements inclusive of Single Audit reporting requirements for the most recent seven (7) years are provided below.
Annual Financial Reports (AFR)
 
School districts (including Career and Technical Schools) are required to submit to the Pennsylvania Department of Education (PDE) a summary of their expenditures and revenues via the Annual Financial Report (AFR). This report is due annually, following the close of the fiscal year on June 30th, and is submitted through the Consolidated Financial Reporting System (CFRS). 
 
AFR CFRS reporting, as submitted to PDE by the Indiana County Technology Center (ICTC), for the most recent seven (7) years are provided below. This reporting is audited as required by law.
Annual Budgets
The Indiana County Technology Center (ICTC) is required to adopt an annual budget for a fiscal year that runs July 1 - June 30. The ICTC Budget is adopted by the Joint Operating Committee (JOC) after an affirmative vote by two-thirds of the ICTC Member Districts and a majority vote of all Board Members of those Member Districts. 
 
Details from adopted budgets are then submitted to PDE through the Consolidated Financial Reporting System (CFRS) via the General Fund Budget (GFB) package. These GFB package submissions, and a reader friendly ICTC Budget document, for the most recent seven (7) years are provided below.