Title: GENERAL INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cairn University (the University) and is presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Cairn University (the University). All awards received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are included on the schedule.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cairn University (the University) and is presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The University did not pass any awards through to subrecipients.
Title: MATCHING CONTRIBUTIONS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cairn University (the University) and is presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards do not include matching contributions made by the University. The University made matching contributions to the following federal awards:Federal Work-Study Program$46,938
Title: HIGHER EDUCATION EMERGENCY RELIEF FUND
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Cairn University (the University) and is presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The University received funds for student and institutional purposes under the Higher Education Emergency Relief Fund (HEERF). These funds are administered by the University. Amounts expended for the year ended June 30, 2022, for both the student and institutional portions are included in the federal expenditures presented in the Schedule.HEERF activity for the year ended June 30, 2022 is as follows:AssistanceAmountAmount AmountListingAmount Expended Expended Available ForProgram Name Number Awarded2021 And Prior 2022 Expenditure HEERF I Student Portion84.425E$385,761$385,761$- $- HEERF I Institutional Portion84.425F385,761385,761- - HEERF II Student Portion84.425E385,761308,44977,312- HEERF II Institutional Portion84.425F957,779957,779- - HEERF II Strengthening Institutions84.425M202,57695,9853,101103,490HEERF III Student Portion84.425E1,192,762- 1,192,762- HEERF III Institutional Portion84.425F1,188,31960,769350,463777,087$4,698,719$2,194,504$1,623,638$880,577