FAC Explorer

Audit 1470

FY End
2023-06-30
Total Expended
$5.65M
Findings
2
Programs
1
Organization: Acadian Heritage Apartments (LA)
Year: 2023 Accepted: 2023-10-26
Auditor: Darnall Sikes & Fredereick

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
771 2023-003 - Yes E
577213 2023-003 - Yes E

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $149,867 Yes 0

Contacts

Name Title Type
D4KSDZHUKW93 Adrienne Melancon Auditee
3372625990 Steven Moosa Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balance Accounting Policies: The accompanying schedule of Expenditures of Federal Awards has been prepared on the accrualbasis of accounting. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in preparationof, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Balances outstanding at the end of the audit period were $5,500,300.

Finding Details

Finding 2023-003
2023-003 Record Keeping of Tenant Files Condition: Tenant files are not being completed based on compliance requirements of HUD. Criteria: Tenant files should be maintained to ensure all compliance requirements of HUD are completed timely and appropriately. Cause: Tenant files are not being maintained with complete and accurate information. Information such as annual recertification letters, support for rent calculations, and move in/out checklist were missing from the tenant files. Effect: Noncompliance with requirements impose a risk of penalties and fines assessed by HUD. Recommendation: Controls over record keeping and maintaining tenant files should be strengthened with an increas cumenting all compliance requirements of HUD.
Finding 2023-003
2023-003 Record Keeping of Tenant Files Condition: Tenant files are not being completed based on compliance requirements of HUD. Criteria: Tenant files should be maintained to ensure all compliance requirements of HUD are completed timely and appropriately. Cause: Tenant files are not being maintained with complete and accurate information. Information such as annual recertification letters, support for rent calculations, and move in/out checklist were missing from the tenant files. Effect: Noncompliance with requirements impose a risk of penalties and fines assessed by HUD. Recommendation: Controls over record keeping and maintaining tenant files should be strengthened with an increas cumenting all compliance requirements of HUD.