FAC Explorer

Audit 59335

FY End
2022-06-30
Total Expended
$2.42M
Findings
4
Programs
7
Organization: New Mexico Military Institute (NM)
Year: 2022 Accepted: 2023-03-24
Auditor: Axiom CPAS and Business Advisors LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
62813 2022-001 - - L
62814 2022-001 - - L
639255 2022-001 - - L
639256 2022-001 - - L

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $568,244 - 0
84.425 Education Stabilization Fund $534,660 Yes 1
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $377,338 - 0
12.357 Rotc Language and Culture Training Grants $160,392 - 0
84.007 Federal Supplemental Educational Opportunity Grants $69,777 - 0
84.268 Federal Direct Student Loans $49,853 - 0
84.033 Federal Work-Study Program $6,682 - 0

Contacts

Name Title Type
KEJ4BXN6QMD7 Deana Curnuttdeana Curnutt Auditee
5056248379 Jaime Rumbaoa Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of New Mexico MilitaryInstitute and is presented on the modified accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Some amounts presented in this schedule may differ from amounts presented in, or used in thepreparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
NMMI management posted the Quarterly Public Reporting form for HEERF for quarter ending June 30,2022 on it?s website as soon they were notified of the incompliance. In the future, NMMI will be more diligent in understanding reporting information and assign key personnel to the task. The Quarterly Public Reporting Form for HEERF must be conspicuously posted on the institution?s primary website on the same page the reports of the IHE?s activities as to the emergency financial aid grants to students made with funds from the Institute of Higher Education?s allocation under (a) (1) of the CARES Act, CRRSAA, and ARP (Student Aid Portion) are posted.
Finding 2022-001
NMMI management posted the Quarterly Public Reporting form for HEERF for quarter ending June 30,2022 on it?s website as soon they were notified of the incompliance. In the future, NMMI will be more diligent in understanding reporting information and assign key personnel to the task. The Quarterly Public Reporting Form for HEERF must be conspicuously posted on the institution?s primary website on the same page the reports of the IHE?s activities as to the emergency financial aid grants to students made with funds from the Institute of Higher Education?s allocation under (a) (1) of the CARES Act, CRRSAA, and ARP (Student Aid Portion) are posted.
Finding 2022-001
NMMI management posted the Quarterly Public Reporting form for HEERF for quarter ending June 30,2022 on it?s website as soon they were notified of the incompliance. In the future, NMMI will be more diligent in understanding reporting information and assign key personnel to the task. The Quarterly Public Reporting Form for HEERF must be conspicuously posted on the institution?s primary website on the same page the reports of the IHE?s activities as to the emergency financial aid grants to students made with funds from the Institute of Higher Education?s allocation under (a) (1) of the CARES Act, CRRSAA, and ARP (Student Aid Portion) are posted.
Finding 2022-001
NMMI management posted the Quarterly Public Reporting form for HEERF for quarter ending June 30,2022 on it?s website as soon they were notified of the incompliance. In the future, NMMI will be more diligent in understanding reporting information and assign key personnel to the task. The Quarterly Public Reporting Form for HEERF must be conspicuously posted on the institution?s primary website on the same page the reports of the IHE?s activities as to the emergency financial aid grants to students made with funds from the Institute of Higher Education?s allocation under (a) (1) of the CARES Act, CRRSAA, and ARP (Student Aid Portion) are posted.