Audit 331890

FY End
2024-05-31
Total Expended
$25.09M
Findings
0
Programs
9
Organization: Daemen University (NY)
Year: 2024 Accepted: 2024-12-11

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $18.97M Yes 0
84.063 Federal Pell Grant Program $5.18M Yes 0
84.033 Federal Work-Study Program $382,671 Yes 0
84.031 Higher Education Institutional Aid $174,816 - 0
84.007 Federal Supplemental Educational Opportunity Grants $171,555 Yes 0
84.116 Fund for the Improvement of Postsecondary Education $137,515 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $62,284 - 0
84.038 Federal Perkings Loan Program $5,142 Yes 0
43.001 Science $4,514 - 0

Contacts

Name Title Type
JGF6G722EFB1 Jacquelyn Dole Auditee
7168398505 Matthew Montalbo Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures are reported on the accrual basis of accounting within the College. Such expenditures are recognized following the cost principle contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. The University has not elected to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.