FAC Explorer

Audit 25187

FY End
2022-09-30
Total Expended
$2.11M
Findings
2
Programs
4
Organization: Exeter Housing Authority (NH)
Year: 2022 Accepted: 2023-06-05
Auditor: Marcum LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
24827 2022-001 Significant Deficiency - N
601269 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $1.67M Yes 1
14.850 Public and Indian Housing $228,207 - 0
14.872 Public Housing Capital Fund $185,516 - 0
14.871 Section 8 Housing Choice Vouchers - Cares Act $22,629 Yes 0

Contacts

Name Title Type
EAQDMEL45FG3 Antonio Teixeira Auditee
6037788110 Michael Guyder Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal grant activity of Exeter Housing Authority, under programs of the federal governmentfor the year ended September 30, 2022. The information in the schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirement, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the schedule presents only a selected portion of theoperations of Exeter Housing Authority, it is not intended to and does not present the financialposition, changes in net position or cash flows of Exeter Housing Authority.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the accrual basis of accounting. Forcost-reimbursement awards, such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement. For performance-based awards, expenditures reportedrepresent amounts earned. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
2022-001 ? SPECIAL TESTS AND PROVISIONS ? RENT REASONABLENESS Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Section 8 Housing Choice Vouchers Program CRITERIA The PHA may not approve a lease until the PHA determines that the initial rent to an owner is a reasonable rent. (2) The PHA must redetermine the reasonable rent: (i) Before any increase in the rent to an owner; (ii) If there is a 10 percent decrease in the published FMR in effect 60 days before the contract anniversary (for the unit size rented by the family) as compared with the FMR in effect 1 year before the contract anniversary. (iii) If directed by HUD. The PHA may also redetermine the reasonable rent at any other time. At all times during the assisted tenancy, the rent to owner may not exceed the reasonable rent as most recently determined or redetermined by the PHA. (24 CFR 982.507) CONDITION We identified 5 instances in which the Authority was required to perform an assessment to determine if the rent requested by the landlord is reasonable for which the rent reasonableness determination was not maintained in the tenant file. CAUSE Due to oversights in documenting rent reasonableness determinations, required documentation was not retained within the tenant file. EFFECT The Authority cannot ensure that the HAP payments to landlords were reasonable.QUESTIONED COSTS None Identified. CONTEXT We selected a sample of 17 participants in the Housing Choice Voucher Program from a population of 169 participants. REPEAT FINDING Not a repeat finding.
Finding 2022-001
2022-001 ? SPECIAL TESTS AND PROVISIONS ? RENT REASONABLENESS Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Section 8 Housing Choice Vouchers Program CRITERIA The PHA may not approve a lease until the PHA determines that the initial rent to an owner is a reasonable rent. (2) The PHA must redetermine the reasonable rent: (i) Before any increase in the rent to an owner; (ii) If there is a 10 percent decrease in the published FMR in effect 60 days before the contract anniversary (for the unit size rented by the family) as compared with the FMR in effect 1 year before the contract anniversary. (iii) If directed by HUD. The PHA may also redetermine the reasonable rent at any other time. At all times during the assisted tenancy, the rent to owner may not exceed the reasonable rent as most recently determined or redetermined by the PHA. (24 CFR 982.507) CONDITION We identified 5 instances in which the Authority was required to perform an assessment to determine if the rent requested by the landlord is reasonable for which the rent reasonableness determination was not maintained in the tenant file. CAUSE Due to oversights in documenting rent reasonableness determinations, required documentation was not retained within the tenant file. EFFECT The Authority cannot ensure that the HAP payments to landlords were reasonable.QUESTIONED COSTS None Identified. CONTEXT We selected a sample of 17 participants in the Housing Choice Voucher Program from a population of 169 participants. REPEAT FINDING Not a repeat finding.