Audit 344241

FY End
2024-09-30
Total Expended
$5.01M
Findings
0
Programs
8
Organization: Fivecap, INC (MI)
Year: 2024 Accepted: 2025-02-28
Auditor: Bdo USA PC

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
93.600 Head Start $3.80M Yes 0
10.565 Commodity Supplemental Food Program $406,743 - 0
93.569 Community Services Block Grant $300,883 - 0
10.766 Community Facilities Loans and Grants $153,772 - 0
10.558 Child and Adult Care Food Program $144,077 - 0
10.569 Emergency Food Assistance Program (food Commodities) $127,069 - 0
10.568 Emergency Food Assistance Program (administrative Costs) $48,972 - 0
93.647 Social Services Research and Demonstration $29,542 - 0

Contacts

Name Title Type
W1YGJQLWYP38 Mary Trucks Auditee
2317579669 John Laframboise Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule 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 as to reimbursement. De Minimis Rate Used: N Rate Explanation: A portion of general and administrative costs that benefit multiple functional areas (indirect costs) have been allocated across programs and other supporting services based on the proportion of full-time employee equivalents of a program or other supporting service versus the total organizational full-time employee equivalents. Expenses allocated using this method include salaries and wages, fringe benefits, travel, rental, and supplies.