FAC Explorer

Audit 356004

FY End
2023-06-30
Total Expended
$1.11M
Findings
0
Programs
2
Organization: Town of Princeton (NC)
Year: 2023 Accepted: 2025-05-12
Auditor: Thompson Price Scott Adams & CO P A

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.862 Rural Decentralized Water Systems Grant Program $668,940 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $445,539 - 0

Contacts

Name Title Type
WR2MLVXEMTB8 Michael King Auditee
9199368171 Austin Eubanks Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Town of Princeton has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.