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Board approves formula, admissions and scholarship audit plans for FY2025–26
Summary
The Board of Regents' audit committee approved plans to audit formula funding, admissions and statewide scholarship programs (TOPS, GoGrants, Foster) for FY2025–26, covering 14 formula institutions and 17 scholarship‑funded institutions.
The Board of Regents audit committee approved audit plans for formula funding, admissions and the state's scholarship programs for fiscal year 2025–26.
Regent Williams Brown and staff explained that the formula and admissions audits are statutory, risk‑based evaluations intended to verify institutional data used to allocate formula funding and admissions compliance. Assistant Commissioner Patrick Roque and Associate Commissioner Amanda Kane described metrics the team will review for the formula audit, including adult Pell completers,…
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