FAC Explorer

Audit 292722

FY End
2023-06-30
Total Expended
$2.65M
Findings
0
Programs
6
Organization: Mqvn Community Development Corporation (LA)
Year: 2023 Accepted: 2024-02-28
Auditor: Ericksen Krentel LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
93.011 National Organizations of State and Local Officials $177,414 - 0
93.526 Affordable Care Act (aca) Grants for Capital Development in Health Centers $109,812 - 0
93.898 Cancer Prevention and Control Programs for State, Territorial and Tribal Organizations $100,000 - 0
93.527 Affordable Care Act (aca) Grants for New and Expanded Services Under the Health Center Program $91,786 Yes 0
93.224 Consolidated Health Centers (community Health Centers, Migrant Health Centers, Health Care for the Homeless, and Public Housing Primary Care) $65,500 Yes 0
93.185 Immunization Research, Demonstration, Public Information and Education_training and Clinical Skills Improvement Projects $19,210 - 0

Contacts

Name Title Type
XHHRJALSL4M1 David Nguyen Auditee
5042558665 William Eric Powers Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are reported on 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 reimbursements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of MQVN Community Development Corporation, Inc. under programs of the federal government for the year ended June 30, 2023. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of MQVN Community Development Corporation, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of MQVN Community Development Corporation, Inc.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the schedule are reported on 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 reimbursements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Expenditures reported on the schedule are reported on 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 reimbursements.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported on the schedule are reported on 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 reimbursements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MQVN Community Development Corporation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.