FAC Explorer

Audit 37557

FY End
2022-12-31
Total Expended
$4.45M
Findings
0
Programs
6
Organization: Avesta Housing Development Corporation (ME)
Year: 2022 Accepted: 2023-07-26
Auditor: Otis Atwell

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program - Special Allocations and Covid 19 Supplemental Payments $2.35M - 0
10.415 Rural Rental Housing Loans $954,511 Yes 0
21.U01 Neighborworks System Program $458,750 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $350,000 - 0
66.818 Brownfields Assessment and Cleanup Cooperative Agreements $300,000 - 0
99.U19 Housing Stability Program $39,100 - 0

Contacts

Name Title Type
LW3GYMPU6AJ3 Eric Boucher Auditee
2075537777 Ron Worden Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using theaccrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 815937.