FAC Explorer

Audit 10128

FY End
2023-06-30
Total Expended
$2.91M
Findings
0
Programs
15
Organization: Magdalena Municipal Schools (NM)
Year: 2023 Accepted: 2024-01-08
Auditor: Willoughby & Willoughby CPAS PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $895,277 Yes 0
84.010 Title I Grants to Local Educational Agencies $372,540 - 0
84.041 Impact Aid $222,272 - 0
84.027 Special Education_grants to States $181,216 - 0
10.555 National School Lunch Program $143,098 - 0
10.553 School Breakfast Program $65,026 - 0
84.060 Indian Education_grants to Local Educational Agencies $47,368 - 0
10.672 Rural Development, Forestry, and Communities $45,168 - 0
84.173 Special Education_preschool Grants $21,591 - 0
84.424 Student Support and Academic Enrichment Program $19,936 - 0
84.367 Improving Teacher Quality State Grants $19,019 - 0
10.565 Commodity Supplemental Food Program $15,715 - 0
84.048 Career and Technical Education -- Basic Grants to States $13,661 - 0
15.130 Indian Education_assistance to Schools $11,062 - 0
84.196 Education for Homeless Children and Youth $50 - 0

Contacts

Name Title Type
GAR2VNVQRFC4 Michaela Zamora Auditee
5758548007 Deaun Willoughby Auditor
No contacts on file

Notes to SEFA

Title: Significant Accounting Policies Accounting Policies: Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate. Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards.
Title: Insurance Requirements Accounting Policies: Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate. There are no insurance requirements on the federal awards disclosed on the Schedule of Expenditures of Federal Awards.
Title: Loans or Loan Guarantees Accounting Policies: Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate. There were no loans or loan guarantees outstanding at year end.
Title: De Minimis Indirect Rate. Accounting Policies: Significant Accounting Policies used in preparing the Schedule of Expenditure of Federal Awards. The modified accrual basis was used to prepare the Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate. The District did not elect to use the 10% de minimis indirect cost rate.