FAC Explorer

Audit 31882

FY End
2022-12-31
Total Expended
$3.01M
Findings
0
Programs
7
Organization: Washington Area Community Investment Fund, Inc. (DC)
Year: 2022 Accepted: 2023-06-03
Auditor: Marcum LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
59.046 Microloan Program $1.16M Yes 0
14.218 Community Development Block Grants/entitlement Grants $654,586 - 0
11.805 Mbda Business Center $569,797 - 0
21.020 Community Development Financial Institutions Program $388,954 - 0
59.050 Prime Technical Assistance $185,921 - 0
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $28,664 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $22,680 - 0

Contacts

Name Title Type
S6MSQBRZ3KT8 Kevin Fryatt Auditee
2025161156 Kimberly Robertson Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Suchexpenditures 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: The auditee did not use the de minimis cost rate. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 560721.