FAC Explorer

Audit 305965

FY End
2023-06-30
Total Expended
$1.77M
Findings
0
Programs
2
Organization: Ausable Valley Apartments, Inc. (MI)
Year: 2023 Accepted: 2024-05-10
Auditor: Maner Costerisan

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.58M Yes 0
14.195 Section 8 Housing Assistance Payments Program $190,647 - 0

Contacts

Name Title Type
K1BRTKYKCBL6 Tim Kalbfleisch Auditee
9892627388 Keith Pfeifle Auditor
No contacts on file

Notes to SEFA

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 reimbursement. De Minimis Rate Used: N Rate Explanation: AuSable Valley Apartments, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.