FAC Explorer

Audit 25767

FY End
2022-12-31
Total Expended
$2.42M
Findings
0
Programs
6
Organization: Headwaters Resource, Conservation and Development Area, INC (MT)
Year: 2022 Accepted: 2023-09-27
Auditor: Newland and Company PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.767 Intermediary Relending Program $1.23M Yes 0
11.307 Economic Adjustment Assistance $690,894 - 0
66.818 Brownfields Assessment and Cleanup Cooperative Agreements $166,433 - 0
11.302 Economic Development_support for Planning Organizations $70,000 - 0
10.351 Rural Business Development Grant $53,184 - 0
12.002 Procurement Technical Assistance for Business Firms $24,259 - 0

Contacts

Name Title Type
QPYE325YRQ47 Susan Ossello Auditee
4065336781 Pat Burt Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of HRCD and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 996099. ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were 440927.