FAC Explorer

Audit 48062

FY End
2022-09-30
Total Expended
$83.22M
Findings
0
Programs
17
Organization: Jacksonville State University (AL)
Year: 2022 Accepted: 2023-05-21
Auditor: Warren Averett LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $43.49M Yes 0
84.063 Federal Pell Grant Program $24.56M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $496,423 Yes 0
84.033 Federal Work-Study Program $271,088 Yes 0
84.425 Education Stabilization Fund $168,857 Yes 0
59.037 Small Business Development Centers $141,796 - 0
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $122,474 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $91,755 - 0
47.078 Polar Programs $71,567 - 0
12.002 Procurement Technical Assistance for Business Firms $53,185 - 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $23,576 Yes 0
47.074 Biological Sciences $21,655 - 0
47.041 Engineering $10,413 - 0
93.658 Foster Care_title IV-E $10,203 - 0
45.025 Promotion of the Arts_partnership Agreements $7,300 - 0
21.015 Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States $7,141 - 0
15.608 Fish and Wildlife Management Assistance $6,369 - 0

Contacts

Name Title Type
D7N5GMCLAMT8 David Lyon Auditee
2567825004 Jeri S. Groce Auditor
No contacts on file

Notes to SEFA

Title: Federal Direct student loan program Accounting Policies: 1. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) summarizes thefederal expenditures of Jacksonville State University (the University) under programs of the federalgovernment for the year ended September 30, 2022. The Schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform AdministrativeRequirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).Therefore, some amounts presented in the Schedule may differ from amounts presented in, or usedin the preparation of, the basic financial statements.For the year ended September 30, 2022, the University did not elect to use the 10% De MinimisIndirect Cost Rate permitted by Uniform Guidance.For the purposes of the Schedule, federal awards include all grants, contracts and similar agreementsentered into directly between the University and agencies and departments of the federal government,and all sub awards to the University by nonfederal organizations pursuant to federal grants, contractsand similar agreements.2. SIGNIFICANT ACCOUNTING POLICIES FOR FEDERAL AWARD EXPENDITURESFor purposes of the Schedule, expenditures for federal award programs are recognized on the accrualbasis of accounting. Expenditures for federal student financial aid programs include Federal Pellprogram grants to students, Federal Direct Student Loan Program, the federal share of studentsFederal Supplemental Educational Opportunity Grant (FSEOG) program grants, and Federal WorkStudy program earnings and administrative cost allowances, where applicable. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University participates in the Federal Direct Student Loan Program (the Program), FederalAssistance Listing Number 84.268, which includes the Federal Subsidized Direct Loan, the FederalUnsubsidized Direct Loan, the Federal Graduate Student PLUS Direct Loan, and the Federal DirectLoans to Parents of Undergraduate Students. The University is not responsible for collection of theseloans. The amount of disbursements under the Program during the current year is presented in theschedule of expenditures of federal awards.