FAC Explorer

Audit 320509

FY End
2023-06-30
Total Expended
$12.27M
Findings
2
Programs
7
Organization: Virginia University of Lynchburg (VA)
Year: 2023 Accepted: 2024-09-24
Auditor: Accutax Bizsolutions LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
497913 2023-001 - - L
1074355 2023-001 - - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Loan Program $5.56M Yes 0
84.425 Education Stabilization Fund $3.28M Yes 0
84.063 Federal Pell Grant Program $606,145 Yes 0
84.031 Higher Education Institutional Aid $591,052 Yes 0
15.904 Historic Preservation Fund Grants-in-Aid $28,000 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $20,393 Yes 0
84.033 Federal Work-Study Program $8,873 Yes 1

Contacts

Name Title Type
DJHEJ4JZ8354 Laura Tucker, D.h. Auditee
7703313094 Parth Shah Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Financial activity related to each grant is recorded once eligibilty under the program are estalished and expenses are incurred. The costs are recorded in program ledgers in the accounting system and reconciled to the program funds and actual costs. De Minimis Rate Used: N Rate Explanation: Total direct cost, 10%, was claimed for the Education Stabilization Fund-Institutional grants

Finding Details

Finding 2023-001
Criteria: A Single Audit requires the submission of the Date Collection Form (DCF) to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide.
Finding 2023-001
Criteria: A Single Audit requires the submission of the Date Collection Form (DCF) to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of an auditor’s report, or nine months after the end of the audit period, unless a different period is specified in a program-specific audit guide.