FAC Explorer

Audit 379323

FY End
2025-06-30
Total Expended
$57.95M
Findings
0
Programs
4
Organization: Rural Economic Development Center, Inc. (NC)
Year: 2025 Accepted: 2026-01-06
Auditor: JOHNSON LAMBERT LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.019 CORONAVIRUS RELIEF FUND $6.17M Yes 0
21.031 STATE SMALL BUSINESS CREDIT INITIATIVE TECHNICAL ASSISTANCE GRANT PROGRAM $1.83M Yes 0
23.002 APPALACHIAN AREA DEVELOPMENT $244,399 Yes 0
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $86,399 Yes 0

Contacts

Name Title Type
VECPFJRPF7D5 Franklin T. Roberts Auditee
9192124232 Andrea Wright Auditor
No contacts on file

Notes to SEFA

The Center has received loan funding under federal programs as noted below. Outstanding loan balances related to these programs as of June 30, 2025 consist of the following: COVID-19 NC Rapid Recovery - Pass through program from: Golden Leaf Foundation 21.019 FY2019-081 $36,226,340 Wake County 21.019 EC03086/EC03083 $4,908,128 Total: $41,134,468 Appalachian Reginal Commission COVID-19 Rapid Recovery Loan Program 23.002 N/A $172,186