FAC Explorer

Audit 26842

FY End
2022-12-31
Total Expended
$1.95M
Findings
0
Programs
5
Organization: Enterprise Development Fund of Erie County, Inc. (PA)
Year: 2022 Accepted: 2023-09-28
Auditor: Felix & Gloekler PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.767 Intermediary Relending Program $1.07M Yes 0
21.020 Community Development Financial Institutions Program $500,000 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $177,750 - 0
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $100,000 - 0
10.351 Rural Business Development Grant $99,500 - 0

Contacts

Name Title Type
JY96K537DAU6 Linda Robbins Auditee
8144800337 Stephen J Falk, III Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 1035521. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM (21.020) - Balances outstanding at the end of the audit period were 500000.