FAC Explorer

Audit 1993

FY End
2023-06-30
Total Expended
$6.49M
Findings
2
Programs
1
Organization: St. Francis Apartments, Inc. (ME)
Year: 2023 Accepted: 2023-11-01
Auditor: Otis Atwell

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1039 2023-001 Material Weakness Yes N
577481 2023-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $6.49M Yes 1

Contacts

Name Title Type
C6MCW2RNTJQ5 Mike Pease Auditee
2077736471 Bridget Sylvester Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Entity has not elected to use the 10% de minimis indirect cost rate per Title 2 U.S. Code of Federal Regulations Part 200. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200.516. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in, the preparation of the financial statements.

Finding Details

Finding 2023-001
We concur that the required deposit of surplus cash to the residual receipts account that should have been made in FY 2019 was not made in either FY 2019, FY 2020, FY 2021, FY 2022 or FY 2023, resulting in underfunding of the residual receipts account of $22,643.
Finding 2023-001
We concur that the required deposit of surplus cash to the residual receipts account that should have been made in FY 2019 was not made in either FY 2019, FY 2020, FY 2021, FY 2022 or FY 2023, resulting in underfunding of the residual receipts account of $22,643.