FAC Explorer

Audit 7332

FY End
2023-06-30
Total Expended
$9.42M
Findings
0
Programs
9
Organization: Town of Nags Head (NC)
Year: 2023 Accepted: 2023-12-19
Auditor: Potter & Company P A

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $8.77M Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $474,062 - 0
97.044 Assistance to Firefighters Grant $67,268 - 0
11.473 Office for Coastal Management $45,000 - 0
11.419 Coastal Zone Management Administration Awards $25,000 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $17,895 - 0
97.039 Hazard Mitigation Grant $10,289 - 0
21.016 Equitable Sharing $6,970 - 0
16.607 Bulletproof Vest Partnership Program $2,504 - 0

Contacts

Name Title Type
QHFXEKKHA8R3 Amy Miller Auditee
2524492020 Emily Mills Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Generally Accepted Accounting Principles, Uniform Guidance, CFR 200, Modified Accrual Basis, State Single Audit Implementation Act. De Minimis Rate Used: N Rate Explanation: We are not paying for overhead costs that are not directly charged to federal awards. Basis of presentation: The accompanying schedule of expenditures of Federal and State awards (SEFSA) includes the Federal and State grant activity of the Town of Nags Head under the programs of the federal government and the State of North Carolina for the year ended June 30, 2023. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of the Town of Nags Head, it is not intended to and does not present the financial position, changes in net position or cash flows for the Town of Nags Head.
Title: Summary of Significant Accounting Policies Accounting Policies: Generally Accepted Accounting Principles, Uniform Guidance, CFR 200, Modified Accrual Basis, State Single Audit Implementation Act. De Minimis Rate Used: N Rate Explanation: We are not paying for overhead costs that are not directly charged to federal awards. Summary of significant accounting policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate Accounting Policies: Generally Accepted Accounting Principles, Uniform Guidance, CFR 200, Modified Accrual Basis, State Single Audit Implementation Act. De Minimis Rate Used: N Rate Explanation: We are not paying for overhead costs that are not directly charged to federal awards. The Town of Nags Head has elected not to use the 10-percent de minimum indirect cost rate as allowed under the Uniform Guidance.