FAC Explorer

Audit 8290

FY End
2023-06-30
Total Expended
$12.49M
Findings
0
Programs
10
Organization: Town of Mooresville (NC)
Year: 2023 Accepted: 2023-12-22
Auditor: Potter & Company PA

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $10.72M - 0
20.933 National Infrastructure Investments $360,937 - 0
16.590 Grants to Encourage Arrest Policies and Enforcement of Protection Orders Program $167,683 - 0
14.239 Home Investment Partnerships Program $160,000 - 0
20.205 Highway Planning and Construction $79,332 - 0
20.600 State and Community Highway Safety $70,879 - 0
21.016 Equitable Sharing $60,492 - 0
16.588 Violence Against Women Formula Grants $40,379 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $24,057 - 0
16.607 Bulletproof Vest Partnership Program $7,939 - 0

Contacts

Name Title Type
Q6AUQKBXN426 Amanda Martin Auditee
7047994048 Daniel Morrow Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reporting in 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. De Minimis Rate Used: N Rate Explanation: The Town of Mooresville has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of the Town of Mooresville 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 Mooresville, it is not intended to and does not present the financial position, changes in net position of cash flows of The Town of Mooresville.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reporting in 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. De Minimis Rate Used: N Rate Explanation: The Town of Mooresville has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported in 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.