PI 49.08 HistoryHistory: EmR1619: emerg. cr., eff. 6-2-16; CR 16-005: cr., Register October 2016 No. 730, eff. 11-1-16; EmR1815: emerg. r. and recr. (1), cr. (3) to (5), eff 7-1-18; EmR1911: emerg. r. and recr. (1), cr. (3) to (5), eff. 7-1-19; CR 19-095: r. and recr. (1), cr. (3) to (5) Register March 2020 No. 771, eff. 4-1-20. PI 49.09PI 49.09 Financial audit supplemental schedule. PI 49.09(1)(1) Eligible education expenses. The eligible education expenses included in the financial audit supplemental schedule shall comply with all of the following: PI 49.09(1)(a)(a) Eligible education expenses may only include those expenses that already have or will result in a cash disbursement. PI 49.09(1)(b)(b) Eligible education expenses may only include the following: PI 49.09(1)(b)1.1. In a standard financial audit, expenses that are in the statement of activities, except for the cost of land. The amount that the school paid for land shall be included in the first year the land is used for educational programming using an allocation method under par. (d), if applicable. PI 49.09(1)(b)2.2. In a modified financial audit, expenses that would be included in the statement of activities for the school year based on generally accepted accounting principles except for the following: PI 49.09(1)(b)2.a.a. The amount that the school paid for land shall be included in the first year the land is used for educational programming using an allocation method under par. (d), if applicable. PI 49.09(1)(b)2.b.b. Post-retirement benefits may be included as an eligible education expense based on the amount expended for the post-retirement benefits in the school year. PI 49.09(1)(c)(c) An expense may only be included as an eligible education expense one time. PI 49.09(1)(d)(d) If an expense or government assistance revenue is partially related to educational programming, the school shall use an allocation method to determine the portion that is related to educational programming. PI 49.09(1)(e)(e) The following may not be included in kindergarten through grade 12 eligible education expenses: PI 49.09(1)(e)2.2. Scholarship awards and financial support for pupils to attend the private school, including payments to parents or others on behalf of pupils. PI 49.09(1)(e)3.3. Daycare expenses except expenses for before or after school care for kindergarten through grade 12 pupils that are enrolled in educational programming at the school. PI 49.09(1)(e)4.4. Expenses for pupils who are enrolled in the public school district and attending the private school. PI 49.09(2)(2) Auditor review of eligible education expenses. An auditor shall ensure the eligible education expenses a school included in the supplemental schedule comply with the requirements under sub. (1) and s. PI 49.08 (1) (c). PI 49.09(3)(3) Supplemental schedule calculations. The supplemental schedule shall calculate all of the following: PI 49.09(3)(a)(a) Net eligible education expenses incurred primarily for special needs scholarship program pupils as follows: PI 49.09(3)(a)1.1. Determine the amount of primarily special needs scholarship program expenses. The amount included as an eligible education expense shall be determined using an allocation method specifically related to the expense being allocated. This amount may not include costs included as eligible in any statements provided under s. PI 49.13 (7). PI 49.09(3)(a)2.2. Subtract all government assistance revenues received for primarily special needs scholarship program expenses. PI 49.09(3)(a)3.b.b. The non-administrative fundraising expenses included in the expenses in subd. 1. In this subdivision, administrative expenses include expenses for school personnel, copying, mailing, or fixed assets used for other school purposes. PI 49.09(3)(a)4.4. Subtract all insurance proceeds received for primarily special needs scholarship program expenses. PI 49.09(3)(b)(b) Net eligible education expenses for all pupils as follows: PI 49.09(3)(b)1.1. Determine the amount of eligible education expenses, excluding eligible education expenses in par. (a) and costs included as eligible in any statements provided under s. PI 49.13 (7) incurred in that school year. If an expense is included under par. (a) that is not 100 percent related to special needs scholarship program pupils, the total expense prior to applying the allocation percentage shall be excluded under this subdivision. PI 49.09(3)(b)2.2. Subtract all government assistance revenues received for eligible education expenses. This amount shall not include government assistance revenues subtracted in par. (a) 2. or in the statements provided under s. PI 49.13 (7).