Audit 311957

FY End

2022-06-30

Total Expended

$11.92M

Findings

Programs

Organization: North Central New Mexico Economic Development District (NM)

Year: 2022 Accepted: 2023-02-13

Auditor: Hinkle+ Landers

Organization Exclusion Status:

Checking exclusion status...

Findings

ID	Ref	Severity	Repeat	Requirement
410339	2022-002	-	-	P
410340	2022-002	-	-	P
410341	2022-002	-	-	P
410342	2022-002	-	-	P
410343	2022-002	-	-	P
410344	2022-002	-	-	P
410345	2022-002	-	-	P
410346	2022-002	-	-	P
410347	2022-002	-	-	P
410348	2022-002	-	-	P
410349	2022-002	-	-	P
410350	2022-002	-	-	P
410351	2022-002	-	-	P
410352	2022-002	-	-	P
410353	2022-002	-	-	P
410354	2022-002	-	-	P
410355	2022-002	-	-	P
410356	2022-002	-	-	P
410357	2022-002	-	-	P
410358	2022-002	-	-	P
410359	2022-002	-	-	P
410360	2022-002	-	-	P
410361	2022-002	-	-	P
986781	2022-002	-	-	P
986782	2022-002	-	-	P
986783	2022-002	-	-	P
986784	2022-002	-	-	P
986785	2022-002	-	-	P
986786	2022-002	-	-	P
986787	2022-002	-	-	P
986788	2022-002	-	-	P
986789	2022-002	-	-	P
986790	2022-002	-	-	P
986791	2022-002	-	-	P
986792	2022-002	-	-	P
986793	2022-002	-	-	P
986794	2022-002	-	-	P
986795	2022-002	-	-	P
986796	2022-002	-	-	P
986797	2022-002	-	-	P
986798	2022-002	-	-	P
986799	2022-002	-	-	P
986800	2022-002	-	-	P
986801	2022-002	-	-	P
986802	2022-002	-	-	P
986803	2022-002	-	-	P

Programs

ALN	Program	Spent	Major	Findings
93.053	Nutrition Services Incentive Program	$2.09M	Yes	1
93.044	Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers	$351,130	Yes	1
93.045	Special Programs for the Aging_title Iii, Part C_nutrition Services	$154,490	Yes	1
93.052	National Family Caregiver Support, Title Iii, Part E	$141,328	Yes	1
11.307	Economic Adjustment Assistance	$108,446	-	1
20.205	Highway Planning and Construction	$82,384	-	1
93.048	Special Programs for the Aging_title Iv_and Title Ii_discretionary Projects	$75,600	-	1
11.302	Economic Development_support for Planning Organizations	$54,624	-	2
93.043	Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services	$40,282	-	1
94.013	Volunteers in Service to America	$11,959	-	1

Contacts

Name	Title	Type
L7ZLA8MQM276	Bernadette Segobia-Abeyta	Auditee
5056099439	Farley Vener	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note 1 - Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the North Central New Mexico Economic Development District (District) under programs of the federal government for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements 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 District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.Note 2 - Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the modified 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The District has elected not to use the 10percent de minimis indirect cost rate allowed under the Uniform Guidance.Note 3 - Federal Loan ProgramThe federal loan program listed below is administered directly by the District and balances and transactions relating to these programs are included in the Districts financial statements. Loans made during the year and beginning of year loan balances which require continued compliance monitoring are included in the federal expenditures presented in the schedule of expenditures of federal awards. The federal expenditures and loan balances at June 30, 2022 consist of:Program Name - Economic Development - State and LocalCOVID 19 - CARES Act Revolving Loan Fund Federal AL Number - 11.307SEFA Federal Expenditures - 108,446 Outstanding Loan Balance $216,324 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Audit 311957

Organization Exclusion Status:

Findings

Programs

Contacts

Notes to SEFA

Finding Details