FAC Explorer

Audit 16830

FY End
2022-09-30
Total Expended
$1.70M
Findings
2
Programs
2
Organization: Nhhi - Hopkins Barrier Free Housing CORP (MN)
Year: 2022 Accepted: 2022-12-19
Auditor: Hinrichs & Associates LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
12429 2022-001 - - N
588871 2022-001 - - N

Programs

ALN Program Spent Major Findings
14.181 Section 811 Capital Advance $1.55M Yes 1
14.181 Prac Assistance $150,335 Yes 0

Contacts

Name Title Type
KC7MHHH96QD1 Joann Rademacher Auditee
6516399799 Bob Baker Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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. NHHI - Hopkins Barrier Free Housing Corporation has elected not to use the10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
NHHI - HOPKINS BARRIER FREE HOUSING CORPORATION HUD PROJECT NO. 092-HD003-WPD SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2022. Criteria: The Project did not make one month of HUD required deposits into its replacement for reserve account. Effect: The replacement reserve cash balance was $1,506 less than it should be at September 30, 2022. Context: Activity in the replacement reserve account for the year ended September 30, 2022 was tested. No sample was tested. Questioned Costs $1,506 Cause: The Project mistakenly missed one of the required monthly deposits. Recommendation: The Project should deposit $1,506 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $1,506 to the replacement reserve account in October 2022 when it realized the oversight. Questioned Costs - Department of Housing and Urban Development $1,506 Non-compliance code - N
Finding 2022-001
NHHI - HOPKINS BARRIER FREE HOUSING CORPORATION HUD PROJECT NO. 092-HD003-WPD SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2022. Criteria: The Project did not make one month of HUD required deposits into its replacement for reserve account. Effect: The replacement reserve cash balance was $1,506 less than it should be at September 30, 2022. Context: Activity in the replacement reserve account for the year ended September 30, 2022 was tested. No sample was tested. Questioned Costs $1,506 Cause: The Project mistakenly missed one of the required monthly deposits. Recommendation: The Project should deposit $1,506 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $1,506 to the replacement reserve account in October 2022 when it realized the oversight. Questioned Costs - Department of Housing and Urban Development $1,506 Non-compliance code - N