FAC Explorer

Audit 42552

FY End
2022-06-30
Total Expended
$6.06M
Findings
0
Programs
7
Organization: Southeast Kentucky Economic Development Corporation, INC (KY)
Year: 2022 Accepted: 2022-12-11
Auditor: Evans Harville Atwell & Company CPAS

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $1.83M - 0
11.307 Economic Adjustment Assistance $1.30M Yes 0
21.020 Community Development Financial Institutions Program $516,530 - 0
59.046 Microloan Program $483,350 - 0
10.767 Intermediary Relending Program $210,548 Yes 0
23.002 Appalachian Area Development $171,070 - 0
23.011 Appalachian Research, Technical Assistance, and Demonstration Projects $22,814 - 0

Contacts

Name Title Type
QX3HQAUT1DT3 Frank Rhodus Auditee
6066776000 Jon Harville, CPA Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 1520413. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 210548. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM (21.020) - Balances outstanding at the end of the audit period were 516530. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS RAPID RESPONSE PROGRAM (CDFI RRP) (21.024) - Balances outstanding at the end of the audit period were 1826265.