Audit 318740

FY End
2023-12-31
Total Expended
$4.01M
Findings
0
Programs
7
Organization: Keystone Community Services (MN)
Year: 2023 Accepted: 2024-09-06
Auditor: Abdo

Organization Exclusion Status:

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Contacts

Name Title Type
YHY3E3NYN6C9 Adero Riser Cobb Auditee
6516036644 Jack Abdo Auditor
No contacts on file

Notes to SEFA

Title: Pass-through Entity Identifying Numbers Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, and Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis indirect cost rate. Pass-through entity identifying numbers are presented where available.
Title: Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, and Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis indirect cost rate. No federal expenditures presented in this schedule were provided to subrecipients.
Title: Loan or Loan Guarantee Programs Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, and Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis indirect cost rate. The balance of the loan outstanding for the Community Development Block Grants/Entitlement Grants program, Assistance Listing Number 14.218, as of December 31, 2023 is $2,592,509.