FAC Explorer

Audit 14602

FY End
2023-06-30
Total Expended
$4.66M
Findings
2
Programs
2
Organization: Fort Bend Voa Elderly Housing, INC (fort Bend Gardens) (VA)
Year: 2023 Accepted: 2024-01-30
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10872 2023-001 - - N
587314 2023-001 - - N

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.18M Yes 1
14.195 Supportive Housing for Persons with Disabilities $482,970 Yes 0

Contacts

Name Title Type
KPMNZKR9VKL8 Vanessa Tran Auditee
7033415000 Bryan Beale 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
Management agrees with the finding. The replacement reserve deficiency was funded on August 17, 2023 in the amount of $34. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.
Finding 2023-001
Management agrees with the finding. The replacement reserve deficiency was funded on August 17, 2023 in the amount of $34. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.