FAC Explorer

Audit 18509

FY End
2022-06-30
Total Expended
$11.64M
Findings
0
Programs
5
Organization: Tennessee Wesleyan University (TN)
Year: 2022 Accepted: 2022-12-27
Auditor: Henderson Hutcherson & McCullough PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $6.44M Yes 0
84.425 Education Stabilization Fund $2.92M Yes 0
84.063 Federal Pell Grant Program $2.14M Yes 0
84.033 Federal Work-Study Program $75,041 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $64,951 Yes 0

Contacts

Name Title Type
RPMVMD9MVJV4 Gail Harris Auditee
4237465208 Adam Osborne Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL DIRECT STUDENT LOANS (84.268) - Balances outstanding at the end of the audit period were 6444620.