FAC Explorer

Audit 55478

FY End
2022-06-30
Total Expended
$2.14M
Findings
0
Programs
7
Organization: Snowy Mountain Development Corporation (MT)
Year: 2022 Accepted: 2023-03-30
Auditor: Newland and Company PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
66.818 Brownfields Assessment and Cleanup Cooperative Agreements $891,611 Yes 0
10.767 Intermediary Relending Program $475,327 - 0
11.307 Economic Adjustment Assistance $256,165 - 0
12.002 Procurement Technical Assistance for Business Firms $111,259 - 0
11.302 Economic Development_support for Planning Organizations $70,000 - 0
21.020 Community Development Financial Institutions Program $41,763 - 0
15.228 Blm Fuels Management and Community Fire Assistance Program Activities $32,616 - 0

Contacts

Name Title Type
EDPNNKARXDY3 Sara Hudson Auditee
4065352591 John Boyce Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the Corporations federal award program and has been prepared using the accrual basis of accounting.The Company has not elected to use the de minimis ten percent indirect cost rate.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principals contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were 316329. BROWNFIELDS ASSESSMENT AND CLEANUP COOPERATIVE AGREEMENTS (66.818) - Balances outstanding at the end of the audit period were 316329. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 330055.