FAC Explorer

Audit 18908

FY End
2022-09-30
Total Expended
$1.87M
Findings
2
Programs
2
Organization: Nhhi-St. Paul Barrier Free Housing Corporation (MN)
Year: 2022 Accepted: 2022-12-19
Auditor: Hinrichs & Associates LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
15865 2022-001 - - N
592307 2022-001 - - N

Programs

ALN Program Spent Major Findings
14.155 Section 223(a)(f) Insured Mortgage $1.59M Yes 1
14.195 Section 8 Housing Assistance Payments Program $284,022 - 0

Contacts

Name Title Type
UMJCF8NSQXJ1 Joann Rademacher Auditee
6516399799 Bob Baker Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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 - St. Paul Barrier Free Housing Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SECTION 223(A)(F) INSURED MORTGAGE (14.155) - Balances outstanding at the end of the audit period were 1552484.

Finding Details

Finding 2022-001
NHHI - ST. PAUL BARRIER FREE HOUSING CORPORATION HUD PROJECT NO. 092-11423 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 223 (f), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project's replacement reserve cash balance for September 30, 2022 was $1,455 less than it should be. Criteria: The Project withdrew $1,455 from the replacement reserve account for an invoice that was unpaid as of September 30, 2022. Effect: The replacement reserve cash balance is $1,455 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 $1,455 Cause: The Project made a mistake and withdrew funds for an invoice that was unpaid as of September 30, 2022. Recommendation: The Project should pay the open invoice. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The Project will pay the open invoice immediately. Questioned Costs - Department of Housing and Urban Development $1,455 Non-compliance code - A
Finding 2022-001
NHHI - ST. PAUL BARRIER FREE HOUSING CORPORATION HUD PROJECT NO. 092-11423 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 223 (f), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project's replacement reserve cash balance for September 30, 2022 was $1,455 less than it should be. Criteria: The Project withdrew $1,455 from the replacement reserve account for an invoice that was unpaid as of September 30, 2022. Effect: The replacement reserve cash balance is $1,455 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 $1,455 Cause: The Project made a mistake and withdrew funds for an invoice that was unpaid as of September 30, 2022. Recommendation: The Project should pay the open invoice. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The Project will pay the open invoice immediately. Questioned Costs - Department of Housing and Urban Development $1,455 Non-compliance code - A