FAC Explorer

Audit 343876

FY End
2024-06-30
Total Expended
$88.25M
Findings
0
Programs
21
Organization: Douglas-Cherokee Economic Authority, Inc. (TN)
Year: 2024 Accepted: 2025-02-26
Auditor: Rodefer Moss & CO PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
93.600 Head Start $13.28M - 0
93.568 Low-Income Home Energy Assistance $5.96M Yes 0
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.51M Yes 0
14.157 Supportive Housing for the Elderly $1.89M Yes 0
10.415 Rural Rental Housing Loans $1.22M Yes 0
93.499 Low Income Household Water Assistance Program $920,416 - 0
93.045 Special Programs for the Aging, Title Iii, Part C, Nutrition Services $725,686 Yes 0
93.569 Community Services Block Grant $724,359 - 0
10.558 Child and Adult Care Food Program $706,442 - 0
84.047 Trio Upward Bound $703,816 - 0
84.287 Twenty-First Century Community Learning Centers $435,198 - 0
84.044 Trio Talent Search $425,399 - 0
14.195 Project-Based Rental Assistance (pbra) $390,479 - 0
84.066 Trio Educational Opportunity Centers $307,996 - 0
21.023 Emergency Rental Assistance Program $235,677 Yes 0
93.297 Teenage Pregnancy Prevention Program $197,548 - 0
10.568 Emergency Food Assistance Program (administrative Costs) $124,901 - 0
10.427 Rural Rental Assistance Payments $71,612 - 0
93.053 Nutrition Services Incentive Program $54,743 Yes 0
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $28,770 Yes 0
97.024 Emergency Food and Shelter National Board Program $20,799 - 0

Contacts

Name Title Type
PT74Q7MKNP78 David Sigler Auditee
4233186900 Curtis Morrison Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3871843
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3528127
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 2845576
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3214977
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 767981
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 724754
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1197725
Title: Loan/loan guarantee outstanding balance Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Douglas-Cherokee Economic Authority, Inc. uses an 11.60% indirect cost rate approved by the Department of Health and Human Services. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3423419