FAC Explorer

Audit 13375

FY End
2023-06-30
Total Expended
$2.34M
Findings
2
Programs
2
Organization: Fellowship Commons Whalley, Inc. (CT)
Year: 2023 Accepted: 2024-01-24
Auditor: Bailey Moore Glazer Schaeffer & Proto LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
9657 2023-001 - - P
586099 2023-001 - - P

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $181,112 Yes 0
14.239 Home Investment Partnerships Program $56,000 - 0

Contacts

Name Title Type
V8GBKE9W4N83 Mary Guerrara Auditee
2034014227 Brian S Borgerson CPA Auditor
No contacts on file

Notes to SEFA

Title: Note C — U.S. Department of Housing and Urban Development Loan Program Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Fellowship Commons Whalley, Inc. and is presented on the accrual basis of accounting. 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). The schedule presents only a selected portion of the operations of Fellowship Commons Whalley, Inc. It is not intended to, and does not present, the financial position, changes in net assets or cash flows of Fellowship Commons Whalley, Inc. De Minimis Rate Used: N Rate Explanation: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Fellowship Commons Whalley, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Fellowship Commons Whalley, Inc. has received various U.S. Department of Housing and Urban Development funding. The advances outstanding at the beginning of the year are included in the federal expenditures presented in the schedule. Fellowship Commons Whalley, Inc. received no additional loans during the year. The advances outstanding at June 30, 2023, consist of: Program Name CFDA # Section 811 Capital Advance 14.181 $ 2,104,300 HOME Investment Partnership Program 14.239 $ 56,000

Finding Details

Finding 2023-001
Assistance Listing number: 14.181-Supportive Housing for Persons with Disabilities Grantor: HUD Questioned Costs: $0 Description of the Condition: The monthly deposit to the replacement reserves was increased effective August 1, 2022. Through a miscommunication the deposit made starting August 1 was the increase in the deposit indicated on the Form 9250 although the preapproval amount was incorrect on the form. Cause of the Condition: There were delays in processing the paperwork for the rent increase which the deposit increase was part of and through a miscommunication the incorrect deposit was made for the final 11 months of the year. Effect of the Condition: Replacement reserves were underfunded by 9,787.25 and excess cash remained in the operating fund. Recommendation: Deposits should only be made based on the Form 9250.
Finding 2023-001
Assistance Listing number: 14.181-Supportive Housing for Persons with Disabilities Grantor: HUD Questioned Costs: $0 Description of the Condition: The monthly deposit to the replacement reserves was increased effective August 1, 2022. Through a miscommunication the deposit made starting August 1 was the increase in the deposit indicated on the Form 9250 although the preapproval amount was incorrect on the form. Cause of the Condition: There were delays in processing the paperwork for the rent increase which the deposit increase was part of and through a miscommunication the incorrect deposit was made for the final 11 months of the year. Effect of the Condition: Replacement reserves were underfunded by 9,787.25 and excess cash remained in the operating fund. Recommendation: Deposits should only be made based on the Form 9250.