FAC Explorer

Audit 20362

FY End
2022-12-31
Total Expended
$3.44M
Findings
2
Programs
3
Organization: Mississippi Methodist Senior Services, Inc. (MS)
Year: 2022 Accepted: 2023-09-28
Auditor: Horne

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
24071 2022-001 Significant Deficiency - L
600513 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
93.498 Provider Relief Fund $1.43M Yes 1
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $1.33M Yes 0
14.157 Supportive Housing for the Elderly $692,269 - 0

Contacts

Name Title Type
KA22TFJMRMB9 Jim Zuelzke Auditee
6628449053 Kade Moody Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Note 2. Summary of Significant Accounting Policies Expenditures 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 552243.
Title: Note 1. Basis of Presentation Accounting Policies: Note 2. Summary of Significant Accounting Policies Expenditures 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Mississippi Methodist Senior Services, Inc. and Subsidiaries ("the Company") under programs of the federal government for the year ended December 31, 2022, with the exception of Lauderdale Senior Services, Inc. and Hattiesburg Area Senior Services, Inc., both of which had separate single audits. These two subsidiaries are included in the consolidated financial statements but are not included in the Schedule. 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 Company, it is not intended to and does not present the financial position, changes in net positions, or cash flows of the Company.

Finding Details

Finding 2022-001
Finding No. 2022-001 ? The 2021 Schedule of Expenditures of Federal Awards Amount Was Not Complete Assistance Listing Number: 93.498 ? COVID-19 Provider Relief Fund and American Rescue Plan Act Criteria: The Schedule of Expenditures of Federal Awards ("SEFA") is a required part of the financial statements under Title 2 U.S. Code of Federal Regulations ("CFR") Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). The Uniform Guidance requires the auditee to prepare the SEFA and the auditor to determine whether the SEFA is stated fairly in all material respects. Condition: Upon review of the 2021 Single Audit, HORNE noted that the total amount presented on the SEFA for COVID-19 Provider Relief Fund and American Rescue Plan Act for expenditures was incomplete. Cause: The Provider Relief Funds and American Rescue Plan Act funds were distributed out in six-month periods known as "payment received periods". Entities then had 12 months from the end of that payment received period in which to use the funds, also known as the "period of availability". Once the period of availability ended, entities were required to report the use of those funds within a three-month window or "reporting time period". Given the extended length on the use of these funds, HRSA released clarification on when these funds should be reported on the SEFA. Per that guidance, for entities with fiscal year ends of 12/31/2021, reporting Period 1 and 2 should be included on the 2021 SEFA. The 2021 single audit report did not include Period 2 funding. Effect: Failure to present the correct periods on the SEFA resulted in an incomplete SEFA pertaining to COVID-19 Provider Relief Fund and American Rescue Plan Act funds for fiscal year 2021. Questioned Costs: None Identification as a Repeat Finding: Not applicable Auditor's Recommendation: We recommend that the 2021 SEFA be corrected to include all period of availability expenditures for the fiscal year ended 12/31/2021 and, the audit testing be conducted and restated to cover the complete SEFA. Auditee's Response: Management will provide a complete 2021 SEFA and seek to obtain a restated audit to include funding and expenditures covering all periods of availability.
Finding 2022-001
Finding No. 2022-001 ? The 2021 Schedule of Expenditures of Federal Awards Amount Was Not Complete Assistance Listing Number: 93.498 ? COVID-19 Provider Relief Fund and American Rescue Plan Act Criteria: The Schedule of Expenditures of Federal Awards ("SEFA") is a required part of the financial statements under Title 2 U.S. Code of Federal Regulations ("CFR") Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). The Uniform Guidance requires the auditee to prepare the SEFA and the auditor to determine whether the SEFA is stated fairly in all material respects. Condition: Upon review of the 2021 Single Audit, HORNE noted that the total amount presented on the SEFA for COVID-19 Provider Relief Fund and American Rescue Plan Act for expenditures was incomplete. Cause: The Provider Relief Funds and American Rescue Plan Act funds were distributed out in six-month periods known as "payment received periods". Entities then had 12 months from the end of that payment received period in which to use the funds, also known as the "period of availability". Once the period of availability ended, entities were required to report the use of those funds within a three-month window or "reporting time period". Given the extended length on the use of these funds, HRSA released clarification on when these funds should be reported on the SEFA. Per that guidance, for entities with fiscal year ends of 12/31/2021, reporting Period 1 and 2 should be included on the 2021 SEFA. The 2021 single audit report did not include Period 2 funding. Effect: Failure to present the correct periods on the SEFA resulted in an incomplete SEFA pertaining to COVID-19 Provider Relief Fund and American Rescue Plan Act funds for fiscal year 2021. Questioned Costs: None Identification as a Repeat Finding: Not applicable Auditor's Recommendation: We recommend that the 2021 SEFA be corrected to include all period of availability expenditures for the fiscal year ended 12/31/2021 and, the audit testing be conducted and restated to cover the complete SEFA. Auditee's Response: Management will provide a complete 2021 SEFA and seek to obtain a restated audit to include funding and expenditures covering all periods of availability.