FAC Explorer

Audit 323068

FY End
2023-12-31
Total Expended
$16.19M
Findings
0
Programs
11
Organization: Mississippi County Arkansas Economic Opportunity Commission, Inc. (AR)
Year: 2023 Accepted: 2024-09-30
Auditor: Stan Parks CPA

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
93.600 Head Start $12.66M Yes 0
93.568 Low-Income Home Energy Assistance $1.54M Yes 0
10.558 Child and Adult Care Food Program $615,867 - 0
93.575 Child Care and Development Block Grant $487,420 - 0
93.569 Community Services Block Grant $436,953 - 0
10.569 Emergency Food Assistance Program (food Commodities) $151,773 - 0
10.433 Rural Housing Preservation Grants $151,557 - 0
93.870 Maternal, Infant and Early Childhood Homevisiting Grant Program $106,145 - 0
93.570 Community Services Block Grant Discretionary Awards $25,221 - 0
14.252 Section 4 Capacity Building for Community Development and Affordable Housing $15,672 - 0
10.568 Emergency Food Assistance Program (administrative Costs) $4,494 - 0

Contacts

Name Title Type
EKTYE1TBJVP1 Decarla Rinkines Auditee
8707761054 Stan Parks Auditor
No contacts on file

Notes to SEFA

Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation Note A – Basis of Presentation
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes federal grant activity of the Commission under the programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 operations of the Commission, it is not intended and does not present financial position, changes in net assets, or cash flows of the Commission.
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation Note B – Summary of Significant Accounting Policies
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation 1)     Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditure are not allowable or are limited as to reimbursement.
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation 2)     Pass-Thru entities are named and identifying numbers are presented where available.
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation 3)     Non-monetary assistance, such as food commodities are presented in the accompanying schedules of activity at the fair market value of the commodities received and disbursed. During 2023, the Commission received and disbursed food commodities valued at $109,771.
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation 4)     The Commission maintains insurance coverage with a blanket umbrella for liability of $2,000,000 and property and equipment coverage of $2,500,000.
Title: Notes to Schedule of Federal Awards Accounting Policies: See Attached Footnote to SEFA - Summary of Significant Accounting Policies De Minimis Rate Used: Y Rate Explanation: The Auditee used allowable up to a 10% of Grant funds or support for the de minimus cost allocation 5)     The Commission elected to adopt the 10% de minimis indirect administrative cost rate for the year beginning January 1, 2016 and after. The Administrative cost allocated in 2023 to all combined federal and state program expenditures under the Uniform Guidance referenced above amounted to $1,476,633.