FAC Explorer

Audit 47394

FY End
2022-06-30
Total Expended
$13.29M
Findings
0
Programs
6
Organization: Midway University, Inc. (KY)
Year: 2022 Accepted: 2023-03-27
Auditor: Dean Dorton Allen Ford PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $7.88M Yes 0
84.063 Federal Pell Grant Program $2.88M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $121,250 Yes 0
84.033 Federal Work-Study Program $119,358 Yes 0
84.425 Education Stabilization Fund $109,289 Yes 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $3,772 Yes 0

Contacts

Name Title Type
K7DNR8U1TL73 Leah Rice Auditee
8598465308 Megan Crane Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Midway University, Inc. (the University) for the year ended June 30, 2022 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.