FAC Explorer

Audit 8369

FY End
2023-03-31
Total Expended
$927,450
Findings
0
Programs
2
Organization: Pace Economic Development Corporation 122-35665 & 122-35569v (CA)
Year: 2023 Accepted: 2023-12-22
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $767,354 Yes 0
14.195 Section 8 Housing Assistance Payments Program $160,096 - 0

Contacts

Name Title Type
JJLARC2JA9M5 Grace Choi Auditee
2138983211 Jeffrey Lathrop Auditor
No contacts on file

Notes to SEFA

Title: Note 3 Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation elected to not use the 10% de minimis cost rate. The balance of the HUD Section 221(d)(3) pursuant to Section 223(f) loans as of March 31, 2023 is $738,691.