FAC Explorer

Audit 27327

FY End
2022-06-30
Total Expended
$17.84M
Findings
0
Programs
8
Organization: Massachusetts College of Art and Design (MA)
Year: 2022 Accepted: 2023-01-19
Auditor: O'Connor & Drew PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $10.08M - 0
84.063 Federal Pell Grant Program $2.31M - 0
84.425 Education Stabilization Fund $1.87M Yes 0
84.036 Federal Perkins Loan (beginning of Year) $502,467 - 0
84.007 Federal Supplemental Educational Opportunity Grants $132,700 - 0
84.033 Federal Work-Study Program $88,390 - 0
47.076 Education and Human Resources $20,151 - 0
45.024 Promotion of the Arts_grants to Organizations and Individuals $1,267 - 0

Contacts

Name Title Type
MR5NL7AJUGB4 Gina Spaziani Auditee
6178797899 David Diiulis 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 theUniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL PERKINS LOAN (BEGINNING OF YEAR) (84.036) - Balances outstanding at the end of the audit period were 447,134.