FAC Explorer

Audit 64571

FY End
2022-06-30
Total Expended
$2.38M
Findings
0
Programs
8
Organization: Greater Egypt Regional Planning and Development Commission (IL)
Year: 2022 Accepted: 2023-03-23
Auditor: Rice Sullivan LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $1.09M Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $511,723 Yes 0
20.205 Highway Planning and Construction $308,110 - 0
66.454 Water Quality Management Planning $174,092 - 0
10.351 Rural Business Development Grant $98,253 - 0
11.307 Economic Adjustment Assistance $90,664 - 0
11.302 Economic Development_support for Planning Organizations $74,447 - 0
90.202 Delta Local Development District Assistance $28,694 - 0

Contacts

Name Title Type
FZKLMX9BJF65 Cary Minnis Auditee
6189979351 Sarah Kary Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: NOTE 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Greater Egypt Regional Planning and Development Commission and is presented on the accrual basis of accounting. The information in this schedule 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 (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.Federal programs in titles are reported as presented by Assistance Listing Numbers (ALN), whenever possible. Greater Egypt Regional Planning and Development Commission elected to not use the 10% de minimis cost rate as covered in 200.414 Indirect (F&A) costs. NOTE 2 Sub-recipientsOf the federal expenditures presented in the schedule, Greater Egypt Regional Planning and Development Commission provided no federal awards to sub-recipients.NOTE 3 Non Cash AssistanceGreater Egypt Regional Planning and Development Commission did not receive non-cash assistance during the year ended June 30, 2022.NOTE 4 Loans OutstandingGreater Egypt Regional Planning and Development Commission has an amount Due to USDA in the amount of $1,735,000 at June 30, 2022. The total loan amount was $1,800,000. NOTE 5 Insurance CoverageSignificant losses are covered by commercial insurance for all major programs: property, liability, and workers compensation. During the year ended June 30, 2022, there were no significant reductions in coverage. Also, there have been no settlement amounts, which have exceeded insurance coverage in the past three (3) years. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 1735000.