FAC Explorer

Audit 320833

FY End
2023-12-31
Total Expended
$9.24M
Findings
0
Programs
7
Organization: Cornerstone Community Action Agency, Inc. (TX)
Year: 2023 Accepted: 2024-09-25
Auditor: Jarred Gilmore & Phillips PA

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.558 Child and Adult Care Food Program $335,917 Yes 0
14.239 Home Investment Partnerships Program $321,201 - 0
93.568 Low-Income Home Energy Assistance $222,322 - 0
93.600 Head Start $113,654 Yes 0
21.009 Volunteer Income Tax Assistance (vita) Matching Grant Program $71,486 - 0
93.569 Community Services Block Grant $42,991 - 0
94.002 Americorps Seniors Retired and Senior Volunteer Program (rsvp) 94.002 $10,422 - 0

Contacts

Name Title Type
V8DGRE1BP599 Brandy Crowder Auditee
6204316342 Neil L Phillips Auditor
No contacts on file

Notes to SEFA

Title: NOTE A -- BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cornerstone Community Action Agency, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NONE The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cornerstone Community Action Agency, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE B -- INDIRECT COST RATE Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cornerstone Community Action Agency, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: NONE Cornerstone Community Action Agency, Inc, did elect to use the 10% de minimis cost rate during the year ended December 31, 2023.