FAC Explorer

Audit 24186

FY End
2022-12-31
Total Expended
$1.30M
Findings
0
Programs
2
Organization: New Mexico Trade Alliance (NM)
Year: 2022 Accepted: 2023-09-29
Auditor: Morton Accounting Services LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
12.800 Air Force Defense Research Sciences Program $846,550 Yes 0
11.307 Economic Adjustment Assistance $453,174 - 0

Contacts

Name Title Type
FMRJB4HNAZR9 Randy Trask JR Auditee
5052310677 Janet Pacheco-Morton Auditor
No contacts on file

Notes to SEFA

Title: NON-CASH FEDERAL ASSISTANCE Accounting Policies: NOTE 1 - GENERAL. The Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of the New Mexico Trade Alliance for the year ended December 31, 2022. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). NOTE 2 - BASIS OF ACCOUNTING. The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note B to the Alliance's basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. THE ALLIANCE DOES NOT RECEIVE ANY NON-CASH FEDERAL ASSISTANCE.