FAC Explorer

Audit 358382

FY End
2024-06-30
Total Expended
$1.14M
Findings
0
Programs
8
Organization: Cooperative Development Institute Inc. (MA)
Year: 2024 Accepted: 2025-06-09
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.761 Water and Waste Technical Assistance and Training Grants $343,672 Yes 0
10.443 Outreach and Assistance for Socially Disadvantaged and Veteran Farmers and Ranchers $145,616 - 0
10.446 Rural Community Development Initiative $109,922 - 0
10.771 Rural Cooperative Development Grants $66,173 Yes 0
10.351 Rural Business Development Grant $52,486 - 0
10.872 Healthy Food Financing Initiative $52,479 - 0
10.871 Socially-Disadvantaged Groups Grant $41,946 - 0
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $10,161 - 0

Contacts

Name Title Type
DDKBKSJF5K16 Pam Zagorski Auditee
4136651271 Melissa Murphy Auditor
No contacts on file

Notes to SEFA

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Cooperative Development Institute, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: INDIRECT COST RATE Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Cooperative Development Institute, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.