FAC Explorer

Audit 5

FY End
2023-06-30
Total Expended
$2.95M
Findings
0
Programs
4
Organization: The Institute for Advanced Learning and Research (VA)
Year: 2023 Accepted: 2023-10-17
Auditor: Robinson Farmer Cox Associates

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
12.600 Community Investment $1.56M Yes 0
11.300 Investments for Public Works and Economic Development Facilities $1.11M - 0
94.006 Americorps $235,658 - 0
10.170 Specialty Crop Block Grant Program - Farm Bill $37,306 - 0

Contacts

Name Title Type
TCM3R4JPRKY4 Angela Anderson Auditee
4347666733 Corbin Stone Auditor
No contacts on file

Notes to SEFA

Title: Relationship to the Financial Statements Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB's Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. (2) Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Institute for Advanced Learning and Research did not elect to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. Grant income per the basic financial statements $5,049,173. Capital grant income per the basic financial statements $21,065,610. Less: Grants from the Non-Federal Sources $(23,166,513). Federal revenue as reported above $2,948,270.