FAC Explorer

Audit 43151

FY End
2022-06-30
Total Expended
$13.97M
Findings
0
Programs
32
Organization: Colby College (ME)
Year: 2022 Accepted: 2022-11-15
Auditor: Mayer Hoffman McCann PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
97.036 Covid-19 - Federal Emergency Management Agency Disaster Grant - Public Assistance $6.39M Yes 0
84.268 Federal Direct Student Loans Program $3.07M Yes 0
84.063 Federal Pell Grant Program $1.63M Yes 0
84.038 Federal Perkins Loan Program $539,357 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $374,233 Yes 0
47.050 Acquisition of A Sem-Eds-Cl Microanalytical System for Research, Teaching, and Outreach in Geology at Colby College, A Primarily Undergraduate Institution (pui) $299,300 Yes 0
93.859 Nih/mdibl Comparative Functional Genomics Inbre in Maine $290,169 Yes 0
84.033 Federal Work-Study Program $212,141 Yes 0
10.310 Coast to Cow to Consumer $182,886 Yes 0
47.074 Collaborative Research: Rui: Comparative Analysis of Enocytic Trafficking During Cell Division $179,325 Yes 0
47.050 Rui: Collaborative Research: the Consequences of Species Loss for Food Web Persistence and Functioning in the Gulf of Maine Rocky Intertidal $154,299 Yes 0
47.049 Rui: An Experimental and Theoretical Study of Stannylcarbenes $132,041 Yes 0
47.075 A Global Nuclear Environmental History $78,520 Yes 0
12.900 Startalk Learning Chinese Through Art and Teaching Chinese Through Art $67,196 Yes 0
47.070 A Structure-Math-Function Approach for Designing Robustly Intelligent Synthetic Nervous Systemsg $54,613 Yes 0
47.078 Collaborative Research: Eager: Development of A Method for Paired Potassium/argon Geochronology and Strontium-Neodymium-Lead Radiogenic Isotope Geochemistry of Dust in Ice Cores $41,506 Yes 0
47.083 Rii Track-1 Rec: Molecule to Ecosystem: Environmental Dna As A Nexus of A Coastal Ecosystem Sustainability for Maine $39,117 Yes 0
47.070 Cue Ethics: Collaborative Research: Evaluating Frameworks for Incorporating Computing Across the Curriculum $35,513 Yes 0
45.RD Neh/acls Sustaining Public Engagement Grants Award - Freedom and Captivity $31,500 Yes 0
47.049 Rui: Using Atomic Physics to Achieve Strong Electron Coupling in Ultracold Plasmas $30,433 Yes 0
47.049 Collaborative Research: Rui: Connecting Spatial Graphs to Links and 3-Manifolds $28,070 Yes 0
47.070 A Remote Multimodal Learning Environment to Increase Graphical Information Access for Blind and Visually Impaired $27,839 Yes 0
47.RD Rii Track-2 Rec: Computational Methods and Autonomous Robotics Systems for Modeling $26,027 Yes 0
43.RD The Cosmic Evolution Early Release Science Survey (ceers) $19,157 Yes 0
10.250 Inequitable Food Retail Access and Nutritional Food Insecurity? $11,529 Yes 0
45.024 Promotion of the Arts_grants to Organizations and Individuals $8,278 Yes 0
47.050 Rui: the Timing and Evolution of Devonian Fire Systems and Their Implications for Atmospheric Oxygen Concentration $7,329 Yes 0
11.417 Community Engagement and Stakeholder Perceptions of Floating Offshore Wind $4,814 Yes 0
15.805 104g - Wrri Fy 2020: Using Paleolimnological and Seddna Reconstructions to Assess Links Between Warmer Winters and Summer Cyanohabs in Maine's Lakes $2,608 Yes 0
94.006 Maine Rural Americorps Program $1,816 Yes 0
47.050 Terrestrial Late Permian to Early Triassic Earth Systems in Ne Pangea $1,112 Yes 0
11.472 Volcanic Ash and Phytoplankton in the Subarctic Ne Pacific $132 Yes 0

Contacts

Name Title Type
HTDGDE48GHB5 Alicia Gardiner Auditee
2078595522 Patrick Quinn Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The College has elected not to use the 10percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Colby College and subsidiaries (the College) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the consolidated financial position, changes in net assets or statements of cash flows of the College.The College includes loans granted under the Federal Perkins Loans Program and Federal Direct Student Loans Program as expenditures of Federal Awards.
Title: Federal Student Loan Programs Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The College has elected not to use the 10percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The federal student loan program listed subsequently is administered directly by the College and balances and transactions relating to this program are included in the Colleges basic consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year would be included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2022 consists of: FEDERAL PERKINS LOAN PROGRAM (Assistance Listing Number: 84.038) - Balances outstanding at the end of the audit period were $373,443. The Federal Perkins Loans Program (the Program) expired in a prior year and the College will continue to administer the Program through final liquidation. The College will continue to monitor the Federal Share of the Colleges Federal Perkins Revolving Loan Fund for return upon the Programs final liquidation, in accordance with statutory requirements.