FAC Explorer

Audit 401331

FY End
2025-06-30
Total Expended
$3.14M
Findings
0
Programs
5
Organization: New Bedford Economic Development Council, Inc. (MA)
Year: 2025 Accepted: 2026-05-13
Auditor: AAFCPAS INC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $1.16M Yes 0
21.027 COVID-19 - Coronavirus State and Local Fiscal Recovery Funds $895,089 Yes 0
59.046 Microloan Program - Loans $533,070 Yes 0
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $490,000 Yes 0
59.046 Microloan Program - Grant $57,967 Yes 0

Contacts

Name Title Type
Q9LVVX3N65K8 Daniel Merline Auditee
5089913122 Andrew Puricelli Auditor
No contacts on file

Notes to SEFA

The Microloan Program (AL No. 59.046) expenditures include outstanding loans with a total balance of $454,810 as of June 30, 2025.
The amount of Economic Adjustment Assistance presented on the Schedule of Expenditures of Federal Awards represents the balance of RLF loans receivable at the year end, cash balance in the RLF at the year end and the administrative expenses paid out of the RLF income during the fiscal year, summarized as follows: