FAC Explorer

Audit 38191

FY End
2022-06-30
Total Expended
$5.28M
Findings
0
Programs
7
Organization: Goldey-Beacom College, Inc. (DE)
Year: 2022 Accepted: 2023-02-13
Auditor: Belfint Lyons & Shuman P A

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $2.72M Yes 0
84.063 Federal Pell Grant Program $1.34M Yes 0
84.425 Education Stabilization Fund $124,360 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $116,288 Yes 0
21.019 Coronavirus Relief Fund $25,000 - 0
84.033 Federal Work-Study Program $21,747 Yes 0
84.048 Career and Technical Education -- Basic Grants to States $12,000 - 0

Contacts

Name Title Type
RV35L9HEZWN2 Susan Mannering Auditee
3022256232 Jonathan D. Moll Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The schedule of expenditures of federal awards presents the activity of all federal awardsreceived directly from federal agencies as well as awards passed through other governmental agencies. Becausethe schedule presents only a selected portion of the Colleges operations, it is not intended to, and does not,present the financial position, changes in net assets, or cash flows of the College.The schedule is presented using the accrual basis of accounting. Expenditures are recognized following the costprinciples contained in Uniform Guidance in 2 CFR Part 200 Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types ofexpenditures are not allowable or are limited to reimbursement. De Minimis Rate Used: N Rate Explanation: Goldey-Beacom College, Inc. has elected to use an indirect cost rate of 5% as allowed under the UniformGuidance.