FAC Explorer

Audit 2334

FY End
2023-06-30
Total Expended
$978,566
Findings
2
Programs
1
Organization: Crowhaven Apartments, Inc. (MO)
Year: 2023 Accepted: 2023-11-06
Auditor: Kpm CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1235 2023-001 Significant Deficiency - Allowable Costs/Cost Principles
577677 2023-001 Significant Deficiency - Allowable Costs/Cost Principles

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $20,866 Yes 0

Contacts

Name Title Type
TBM4NNNUCBH3 John Everest Auditee
4178647887 Barbara Houser Auditor
No contacts on file

Notes to SEFA

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, and/or OMB Circular A-122, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Crowhaven Apartments, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Crowhaven Apartments, Inc., 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 Crowhaven Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Crowhaven Apartments, Inc.
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, and/or OMB Circular A-122, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Crowhaven Apartments, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Crowhaven Apartments, Inc. did not provide funds to subrecipients in the current year.

Finding Details

Finding 2023-001
Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E – Cost Principals. Condition: Crowhaven Apartments, Inc. did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Crowhaven Apartments, Inc.’s written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Crowhaven Apartments, Inc. could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Crowhaven Apartments, Inc. draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and are in process of developing and implementing the appropriate policies and procedures.
Finding 2023-001
Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E – Cost Principals. Condition: Crowhaven Apartments, Inc. did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Crowhaven Apartments, Inc.’s written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Crowhaven Apartments, Inc. could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Crowhaven Apartments, Inc. draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and are in process of developing and implementing the appropriate policies and procedures.