FAC Explorer

Audit 37157

FY End
2022-06-30
Total Expended
$13.56M
Findings
0
Programs
10
Organization: Peirce College (PA)
Year: 2022 Accepted: 2022-11-15
Auditor: Grant Thornton LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $7.21M Yes 0
84.063 Federal Pell Grant Program $2.08M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $222,359 Yes 0
84.382 Strengthening Minority-Serving Institutions $187,087 - 0
84.048 Career and Technical Education -- Basic Grants to States $142,660 - 0
84.425 Education Stabilization Fund $131,030 Yes 0
84.031 Higher Education_institutional Aid $61,261 - 0
17.258 Wia Adult Program $21,076 - 0
93.558 Temporary Assistance for Needy Families $16,606 - 0
17.278 Wia Dislocated Worker Formula Grants $1,522 - 0

Contacts

Name Title Type
UEK6RNK9P1X7 Elizabeth M. Krapp Auditee
2156709128 Angelica Roiz Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Peirce College (the College) 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL DIRECT STUDENT LOANS (84.268) - Balances outstanding at the end of the audit period were 7,213,227.