FAC Explorer

Audit 294906

FY End
2023-06-30
Total Expended
$87.92M
Findings
0
Programs
22
Organization: Douglas-Cherokee Economic Authority, Inc. (TN)
Year: 2023 Accepted: 2024-03-13
Auditor: Rodefer Moss & CO PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
93.600 Head Start $10.98M Yes 0
93.568 Low-Income Home Energy Assistance $6.72M Yes 0
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.60M Yes 0
14.157 Supportive Housing for the Elderly $1.89M Yes 0
10.415 Rural Rental Housing Loans $1.25M Yes 0
93.499 Low Income Household Water Assistance Program $1.04M Yes 0
93.569 Community Services Block Grant $949,158 Yes 0
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $818,472 Yes 0
84.047 Trio_upward Bound $806,514 Yes 0
10.558 Child and Adult Care Food Program $738,780 - 0
84.287 Twenty-First Century Community Learning Centers $620,560 - 0
84.044 Trio_talent Search $407,117 Yes 0
14.195 Section 8 Housing Assistance Payments Program $390,430 - 0
93.297 Teenage Pregnancy Prevention Program $286,213 - 0
84.066 Trio_educational Opportunity Centers $276,087 Yes 0
10.568 Emergency Food Assistance Program (administrative Costs) $104,136 - 0
93.053 Nutrition Services Incentive Program $65,452 Yes 0
10.427 Rural Rental Assistance Payments $60,193 - 0
97.024 Emergency Food and Shelter National Board Program $43,230 - 0
21.023 Emergency Rental Assistance Program $37,050 - 0
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $16,375 Yes 0
14.191 Multifamily Housing Service Coordinators $3,217 - 0

Contacts

Name Title Type
PT74Q7MKNP78 Curtis Morrison Auditee
4236388144 Curtis Morrison Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3979279
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3608509
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 2921563
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3297420
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 786212
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 736070
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1224525
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules 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 to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3512918