FAC Explorer

Audit 291767

FY End
2023-06-30
Total Expended
$46.49M
Findings
0
Programs
16
Organization: Harding University, Inc. (AR)
Year: 2023 Accepted: 2024-02-22
Auditor: Mallory & Associates CPAS

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $36.05M Yes 0
84.038 Federal Perkins Loan Program $3.66M Yes 0
84.063 Federal Pell Grant Program $3.63M Yes 0
93.364 Nursing Student Loans $978,325 Yes 0
84.425 Education Stabilization Fund $460,264 - 0
84.033 Federal Work-Study Program $411,802 Yes 0
84.047 Trio_upward Bound $365,240 - 0
84.217 Trio_mcnair Post-Baccalaureate Achievement $241,709 - 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $216,433 Yes 0
47.041 Engineering $126,813 - 0
84.007 Federal Supplemental Educational Opportunity Grants $125,250 Yes 0
93.859 Biomedical Research and Research Training $98,652 - 0
93.658 Foster Care_title IV-E $90,062 - 0
43.008 Education $28,247 - 0
47.083 Integrative Activities $5,000 - 0
45.025 Promotion of the Arts_partnership Agreements $3,300 - 0

Contacts

Name Title Type
Q9D2D7M64DD5 Tamara H Hall Auditee
5012794018 George Mallory III Auditor
No contacts on file

Notes to SEFA

Title: Federal Student Loan Program 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimubursement. De Minimis Rate Used: N Rate Explanation: The auditee has not elected the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. FEDERAL PERKINS LOAN PROGRAM (84.038)-Balances at the end of the audit period were $2,583,498. NURSING STUDENT LOANS (93.364)-Balances outstanding at the end of the audit period were $809,986.