FAC Explorer

Audit 20864

FY End
2022-06-30
Total Expended
$960,970
Findings
2
Programs
2
Organization: Help Housing for the Disabled, Inc. (OH)
Year: 2022 Accepted: 2022-10-23
Auditor: Maloney + Novotny LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
24240 2022-001 - - N
600682 2022-001 - - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $741,341 Yes 1
14.195 Section 8 Housing Assistance Payments Program $219,629 - 0

Contacts

Name Title Type
Q2CAZNRHLVF1 Belinda Grassi Auditee
2164324810 Allen Waddle Auditor
No contacts on file

Notes to SEFA

Title: U.S. Department of Housing and Urban Development Capital Advance Program 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 in reimbursement. De Minimis Rate Used: N Rate Explanation: The Project has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Project has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act. The direct loan amount at the beginning of the year is included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at June 30, 2022 was $705,905.
Title: Basis of Presentation 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 in reimbursement. De Minimis Rate Used: N Rate Explanation: The Project has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Help Housing for the Disabled, Inc. (the "Project") under programs of the federal government for the year ended June 30, 2022. 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 (the "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 deficit, or cash flows of the Project.
Title: Subrecipients 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 in reimbursement. De Minimis Rate Used: N Rate Explanation: The Project has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Project did not provide any federal funds to subrecipients.

Finding Details

Finding 2022-001
Section III - Federal Award Findings and Questioned Costs N. Special tests and provisions Finding 2022-001 CFDA: 14.157 Section 202 Direct Loan Criteria: Internal controls over compliance should be in place to ensure the deposit of surplus cash amounts into the residual receipts account occurs within ninety days after year end. Condition: A deficiency in internal control over compliance existed due to the prior year excess surplus cash amount not being deposited into the residual receipts account withing ninety days after the end of the annual fiscal period for which the surplus cash was calculated. Cause: The Project was not aware of the requirement. Effect: This deficiency resulted in the Project's noncompliance with the required deposit of surplus cash to the residual receipts account. Recommendation: The Project should establish procedures to ensure that surplus cash is deposited within ninety days after the end of the annual fiscal period for which the surplus cash is calculated. Views of Responsible Officials: Management agrees with the finding and will adhere to the auditor's recommendation.
Finding 2022-001
Section III - Federal Award Findings and Questioned Costs N. Special tests and provisions Finding 2022-001 CFDA: 14.157 Section 202 Direct Loan Criteria: Internal controls over compliance should be in place to ensure the deposit of surplus cash amounts into the residual receipts account occurs within ninety days after year end. Condition: A deficiency in internal control over compliance existed due to the prior year excess surplus cash amount not being deposited into the residual receipts account withing ninety days after the end of the annual fiscal period for which the surplus cash was calculated. Cause: The Project was not aware of the requirement. Effect: This deficiency resulted in the Project's noncompliance with the required deposit of surplus cash to the residual receipts account. Recommendation: The Project should establish procedures to ensure that surplus cash is deposited within ninety days after the end of the annual fiscal period for which the surplus cash is calculated. Views of Responsible Officials: Management agrees with the finding and will adhere to the auditor's recommendation.