FAC Explorer

Audit 7977

FY End
2023-06-30
Total Expended
$14.25M
Findings
0
Programs
18
Organization: State Fair Community College (MO)
Year: 2023 Accepted: 2023-12-21
Auditor: Kpm CPAS PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $5.98M Yes 0
84.268 Federal Direct Student Loans $2.83M Yes 0
84.047 Trio_upward Bound $611,308 - 0
84.048 Career and Technical Education -- Basic Grants to States $496,344 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $434,431 - 0
17.268 H-1b Job Training Grants $426,213 - 0
84.042 Trio_student Support Services $318,761 - 0
47.076 Stem Education $222,747 - 0
59.037 Small Business Development Centers $134,885 - 0
84.007 Federal Supplemental Educational Opportunity Grants $117,439 Yes 0
84.033 Federal Work-Study Program $109,737 Yes 0
84.002 Adult Education - Basic Grants to States $108,683 - 0
11.307 Economic Adjustment Assistance $81,899 - 0
93.426 The National Cardiovascular Health Program $28,657 - 0
93.575 Child Care and Development Block Grant $12,222 - 0
17.245 Trade Adjustment Assistance $4,180 - 0
10.559 Summer Food Service Program for Children $3,365 - 0
84.425 Education Stabilization Fund $2,892 Yes 0

Contacts

Name Title Type
LRKQSF5B7518 Mr. Keith Acuff Auditee
6065967301 Rebecca Baker Auditor
No contacts on file

Notes to SEFA

Title: 3. LOAN PROGRAMS Accounting Policies: 1. BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of State Fair Community College under programs of the federal government for the year ended June 30, 2023. 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). Because the Schedule presents only a selected portion of the operations of State Fair Community College, it is not intended to and does not present the financial position, changes in net position, or cash flows of State Fair Community College. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1) Expenditures reported in the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the College’s basic financial statements. 2) Pass-through entity identifying numbers are presented where available. 3) The College has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The College participates in the Federal Direct Student Loan Program, which provides federal loans directly to the students rather than through private lending institutions. The College is responsible only for the origination of the loan (e.g., determining student eligibility and disbursing loan proceeds to the borrower). The Direct Loan Servicer is then responsible for the overall servicing and collection of the loan. Accordingly, these loans are not included in the College’s financial statements. The amount reported on the Schedule of Expenditures of Federal Awards for the loan program represents the total value of the loans awarded and paid to the College’s student during the year ended June 30, 2023.