FAC Explorer

Audit 2017

FY End
2022-12-31
Total Expended
$1.41M
Findings
2
Programs
2
Organization: North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. (AR)
Year: 2022 Accepted: 2023-11-01
Auditor: Ata CPAS + Advisors PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1054 2022-001 - - L
577496 2022-001 - - L

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $1.25M Yes 1
14.195 Section 8 Housing Assistance Payments Program $166,522 - 0

Contacts

Name Title Type
U5N1DJNKEJ89 Sondra Royce Auditee
8707411144 Courtney Moore Auditor
No contacts on file

Notes to SEFA

Title: FEDERAL INDIRECT RATE Accounting Policies: Basis of presentation. The accompanying schedule of expenditures of federal awards includes federal grant activity of North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. (“the Project”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Project., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project. De Minimis Rate Used: N Rate Explanation: N/A The Project has elected to not use the 10% de minimus indirect cost rate.
Title: CAPITAL ADVANCE Accounting Policies: Basis of presentation. The accompanying schedule of expenditures of federal awards includes federal grant activity of North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. (“the Project”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Project., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project. De Minimis Rate Used: N Rate Explanation: N/A The federal loan program listed on the Schedule is administered directly by North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. and balances and transactions relating to this program is included in North Arkansas Senior Housing of Bull Shoals and Gravette, Inc.'s financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. No loans were made during the year.

Finding Details

Finding 2022-001
Condition: The data collection form for the Single Audit ended December 31, 2021, was not submitted to the Federal Clearing House by April 30, 2022. Criteria: 2 CFR section 200.512 (b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period. Cause: The submission was inadvertently missed and therefore, the data collection form required to be submitted at audit completion was not filed by 30 calendar days. Effect: North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. has not met the reporting requirement related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. (The Project) will not meet the low-risk auditee criteria for further Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years. Recommendation: We recommend the Project develop specific procedures to ensure that the data collection form is submitted within the reporting deadline. Views of Responsible Officials: The Project will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future
Finding 2022-001
Condition: The data collection form for the Single Audit ended December 31, 2021, was not submitted to the Federal Clearing House by April 30, 2022. Criteria: 2 CFR section 200.512 (b) provides for a form, referred to as the data collection form, to be prepared at the completion of each audit and submitted by the auditee to the Federal Audit Clearinghouse the earlier of 30 calendar days after receipt of the auditor’s reports or nine months after the end of the audit period. Cause: The submission was inadvertently missed and therefore, the data collection form required to be submitted at audit completion was not filed by 30 calendar days. Effect: North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. has not met the reporting requirement related to timely submission of the data collection form required for a Single Audit. Therefore, per 2 CFR section 200.520, North Arkansas Senior Housing of Bull Shoals and Gravette, Inc. (The Project) will not meet the low-risk auditee criteria for further Single Audits that requires submission of the data collection form and reporting package by the due date for each of the two preceding audit years. Recommendation: We recommend the Project develop specific procedures to ensure that the data collection form is submitted within the reporting deadline. Views of Responsible Officials: The Project will work with the audit firm to ensure that the audit field work is scheduled with sufficient time to allow the audit report and data collection form to be filed timely in the future