FAC Explorer

Audit 354995

FY End
2024-09-30
Total Expended
$9.32M
Findings
0
Programs
15
Organization: Eastern Maine Development Corporation (ME)
Year: 2024 Accepted: 2025-04-30
Auditor: Rhr Smith & Company

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
17.277 Workforce Investment Act (wia) National Emergency Grants $564,489 - 0
66.818 Brownfields Assessment and Cleanup Cooperative Agreements $544,651 - 0
17.258 Wia Adult Program $424,196 Yes 0
12.002 Procurement Technical Assistance for Business Firms $230,710 - 0
17.278 Wia Dislocated Worker Formula Grants $199,999 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $109,248 - 0
11.300 Investments for Public Works and Economic Development Facilities $95,032 - 0
11.307 Economic Adjustment Assistance $81,944 - 0
17.259 Wia Youth Activities $78,598 Yes 0
11.302 Economic Development_support for Planning Organizations $70,000 - 0
90.601 Northern Border Regional Development $66,659 - 0
10.870 Rural Microentrepreneur Assistance Program $26,509 - 0
10.767 Intermediary Relending Program $12,774 - 0
17.289 Community Project Funding/congressionally Directed Spending $3,857 - 0
17.270 Reintegration of Ex-Offenders $2,117 - 0

Contacts

Name Title Type
G5A6F78SNKE3 Lee Umphrey Auditee
2079743237 Kristen Zita Auditor
No contacts on file

Notes to SEFA

Title: NOTE C - EXPENDITURES TO SUBRECIPIENTS 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: Eastern Maine Development Corporation has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. See the Notes to SEFA for the table/Chart
Title: NOTE D - LOANS OUTSTANDING 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: Eastern Maine Development Corporation has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. See the Notes to SEFA for the table/Chart
Title: NOTE E - ECONOMIC DEVELOPMENT ADMINISTRATION REVOLVING LOAN FUND 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: Eastern Maine Development Corporation has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. See the Notes to SEFA for the table/Chart