Audit 8006

FY End
2023-06-30
Total Expended
$6.16M
Findings
0
Programs
15
Organization: New Mexico Consortium, Inc. (NM)
Year: 2023 Accepted: 2023-12-21
Auditor: Sjt Group LLC

Organization Exclusion Status:

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Findings

No findings recorded

Programs

Contacts

Name Title Type
TUMCX1C2C4B3 Greg Dye Auditee
5054124198 Armando Sanchez Auditor
No contacts on file

Notes to SEFA

Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE), WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. PASS-THROUGH ENTITY IDENTIFYING NUMBERS ARE PRESENTED WHERE AVAILABLE. De Minimis Rate Used: N Rate Explanation: THE CONSORTIUM HAD A NEGOTIATED INDIRECT COST RATE AGREEMENT APPROVED BY THE DEPARTMENT OF THE INTERIOR THAT COVERED FISCAL YEAR 2022 AND 2023. THEREFORE, THE CONSORTIUM DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE.