FAC Explorer

Audit 14586

FY End
2023-06-30
Total Expended
$4.95M
Findings
2
Programs
2
Organization: Montrose Voa Elderly Housing Iii, INC (cimarron Village) (VA)
Year: 2023 Accepted: 2024-01-30
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10865 2023-001 - - B
587307 2023-001 - - B

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $4.38M Yes 1
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $571,696 Yes 0

Contacts

Name Title Type
MMTCUKNG4EE9 Vanessa Tran Auditee
7033415000 Jeff Maddox Auditor
No contacts on file

Notes to SEFA

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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
The regulatory agreement requires the project to deposit "surplus cash" into a Residual Receipts account with 90 days after the year end of the fiscal year.
Finding 2023-001
The regulatory agreement requires the project to deposit "surplus cash" into a Residual Receipts account with 90 days after the year end of the fiscal year.