FAC Explorer

Audit 348453

FY End
2024-06-30
Total Expended
$1.80M
Findings
0
Programs
5
Organization: South Central Regional Transit District (NM)
Year: 2024 Accepted: 2025-03-26
Auditor: Beasley Mitchell & CO

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $765,383 - 0
20.507 Federal Transit Formula Grants $456,726 Yes 0
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $423,955 Yes 0
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $135,736 - 0
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $13,458 - 0

Contacts

Name Title Type
E46EK4C41Y25 Adam Shea Auditee
9152706388 Dahlia Garcia Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Accrual basis of accounting 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). De Minimis Rate Used: N Rate Explanation: The District did not use the 10% de minims cost rate for fiscal year 2024. grant activity of the South Central Regional Transit District for the year ended June 30, 2024 and is presented on the accrual basis of accounting. 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 only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the South Central Regional Transit District.
Title: Cost Rate Accounting Policies: Accrual basis of accounting 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). De Minimis Rate Used: N Rate Explanation: The District did not use the 10% de minims cost rate for fiscal year 2024. The District did not use the 10% de minims cost rate for the current year.