FAC Explorer

Audit 14427

FY End
2022-12-31
Total Expended
$2.90M
Findings
8
Programs
5
Organization: St Johns Housing Partnership, INC (FL)
Year: 2022 Accepted: 2024-01-30
Auditor: Moss Krusick & Associates LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10696 2022-001 - - P
10697 2022-002 - - P
10698 2022-001 - - P
10699 2022-002 - - P
587138 2022-001 - - P
587139 2022-002 - - P
587140 2022-001 - - P
587141 2022-002 - - P

Programs

ALN Program Spent Major Findings
10.415 Rural Rental Housing Loans $1.81M Yes 2
93.568 Low-Income Home Energy Assistance $525,651 - 0
10.427 Rural Rental Assistance Payments $184,085 - 0
14.169 Housing Counseling Assistance Program $26,464 - 0
14.218 Community Development Block Grant $7,869 - 0

Contacts

Name Title Type
NGGHB1L4KMR4 Bill Lazar Auditee
9048240902 Ed Moss Auditor
No contacts on file

Notes to SEFA

Title: 1. BASIS OF PRESENTATION Accounting Policies: NOTE 1 ORGANIZATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc.
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 1 ORGANIZATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE 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.
Title: 3. DE MINIMIS INDIRECT COST RATE ELECTION Accounting Policies: NOTE 1 ORGANIZATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE The Partnership has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Title: 4. CONTINGENCIES Accounting Policies: NOTE 1 ORGANIZATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies. If any expenditures are disallowed as a result of these audits, the claims for reimbursement to the grantor agency would become a liability to the Partnership.
Title: 5. PASS-THROUGH AWARDS Accounting Policies: NOTE 1 ORGANIZATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the St. Johns Housing Partnership, Inc. under programs of the federal government for the year ended December 31, 2022. 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 St. Johns Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of St. Johns Housing Partnership, Inc. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE The Partnership received certain federal awards from pass-through awards from state and other funding agencies. The total amount of such pass-through awards is included in the Schedule of Expenditures of Federal Awards.

Finding Details

Finding 2022-001
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit for the 2021 fiscal year. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-002
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-001
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit for the 2021 fiscal year. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-002
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-001
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit for the 2021 fiscal year. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-002
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-001
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit for the 2021 fiscal year. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.
Finding 2022-002
Criteria: The Partnership is required to file its audit report with the Federal Audit Clearing House within 9 months after the fiscal year end. Condition: The Partnership failed to file its report to the Federal Audit Clearing House within the 9 month deadline in accordance with Uniform Guidance. Cause: The Partnership did not receive a timely audit. Effect: The Partnership did not meet the deadline submission requirement as set forth by Uniform Guidance. Recommendation: We recommend the Partnership more closely monitor this important submission deadline to avoid missing the deadline. Management’s Response: Management will take corrective action to make sure the audit report is submitted to the Federal Audit Clearing House in compliance of the submission requirements. See Management’s Corrective Action Plan on page 33.