FAC Explorer

Audit 48257

FY End
2022-05-31
Total Expended
$48.97M
Findings
0
Programs
23
Organization: Norwich University (VT)
Year: 2022 Accepted: 2023-02-27
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $20.64M Yes 0
12.905 Cybersecurity Core Curriculum $6.88M - 0
84.038 Federal Perkins Loan Program $4.84M Yes 0
84.063 Federal Pell Grant Program $3.77M Yes 0
84.425 Education Stabilization Fund $2.90M Yes 0
21.019 Coronavirus Relief Fund $1.08M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $789,000 Yes 0
93.859 Biomedical Research and Research Training $516,000 - 0
84.033 Federal Work-Study Program $299,000 Yes 0
12.902 Information Security Grants $291,000 - 0
93.264 Nurse Faculty Loan Program (nflp) $254,000 Yes 0
12.903 Gencyber Grants Program $153,000 - 0
12.630 Basic, Applied, and Advanced Research in Science and Engineering $129,000 - 0
47.076 Education and Human Resources $101,000 - 0
12.357 Rotc Language and Culture Training Grants $64,000 - 0
45.162 Promotion of the Humanities_teaching and Learning Resources and Curriculum Development $28,000 - 0
11.417 Sea Grant Support $25,000 - 0
43.008 Education $15,000 - 0
97.005 State and Local Homeland Security National Training Program $14,000 - 0
43.001 Science $7,000 - 0
15.810 National Cooperative Geologic Mapping Program $3,000 - 0
66.481 Lake Champlain Basin Program $2,000 - 0
97.042 Emergency Management Performance Grants $1,000 - 0

Contacts

Name Title Type
VFQPWNA7EJF8 Leroy Young Auditee
8024852043 Vicki Raivitch Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for all awards with the exception of CFDA 21.019, which follows criteria determined by the Department of Treasury for allowability of costs. Under these principles, certain types of expenditures are not allowable or are limited to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The federal student loan programs listed subsequently are administered directly by the University, and balances and transactions relating to these programs are included in the Universitys basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule. Outstanding loans as of May 31, 2022 are as follows: FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 3598. NURSE FACULTY LOAN PROGRAM (NFLP) (93.264) - Balances outstanding at the end of the audit period were 163.