FAC Explorer

Audit 25525

FY End
2022-12-31
Total Expended
$1.63M
Findings
4
Programs
1
Organization: Haley's Park, Inc. 086-Hd033 (TN)
Year: 2022 Accepted: 2023-03-30
Auditor: Cherry Bekaert LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
30250 2022-001 Significant Deficiency - E
30251 2022-001 Significant Deficiency - E
606692 2022-001 Significant Deficiency - E
606693 2022-001 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $62,808 Yes 1

Contacts

Name Title Type
YKESKDDWLNY7 Amy Maden Auditee
6152423576 Steve Riley Auditor
No contacts on file

Notes to SEFA

Title: Note 1-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 as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to the awards included in the Schedule. The Schedule of Expenditures of Federal Awards (the "Schedule") is prepared on the accrual basis of accounting. The information in the 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 Haley's Park, Inc. (the "Organization"), it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 3-Capital advance 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 Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to the awards included in the Schedule. The capital advance in the amount of $1,568,200 was received for the construction of the property. The advance was received in 2006 and 2007 through a series of draws under a minimum capital advance agreement with the U.S. Department of Housing and Urban Development.

Finding Details

Finding 2022-001
Department of Housing and Urban Development Assistance Listing Number 14.181 Year ended December 31, 2022 2022-001 Significant Deficiency over Internal Control over Tenant Files and Recertifications Condition: Completed tenant files with all required information including evidence of timely recertifications could not be provided readily by property management department. Criteria: Tenant files are to be documented, maintained, and accessible for all tenants (current and former), including evidence of timely recertification. Cause: The Organization had several vacant positions during 2022. This lack of personnel caused the remaining personnel to be unable to keep up with the volume paperwork needed to be maintained. Internal controls over document retention were not being followed by property management department. Effect: Documentation as required by HUD is not readily available. Recommendation: Systems should be put in place to ensure internal controls are being properly followed and increase oversight from executive management over the property management department. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding and the recommended procedures will be implemented.
Finding 2022-001
Department of Housing and Urban Development Assistance Listing Number 14.181 Year ended December 31, 2022 2022-001 Significant Deficiency over Internal Control over Tenant Files and Recertifications Condition: Completed tenant files with all required information including evidence of timely recertifications could not be provided readily by property management department. Criteria: Tenant files are to be documented, maintained, and accessible for all tenants (current and former), including evidence of timely recertification. Cause: The Organization had several vacant positions during 2022. This lack of personnel caused the remaining personnel to be unable to keep up with the volume paperwork needed to be maintained. Internal controls over document retention were not being followed by property management department. Effect: Documentation as required by HUD is not readily available. Recommendation: Systems should be put in place to ensure internal controls are being properly followed and increase oversight from executive management over the property management department. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding and the recommended procedures will be implemented.
Finding 2022-001
Department of Housing and Urban Development Assistance Listing Number 14.181 Year ended December 31, 2022 2022-001 Significant Deficiency over Internal Control over Tenant Files and Recertifications Condition: Completed tenant files with all required information including evidence of timely recertifications could not be provided readily by property management department. Criteria: Tenant files are to be documented, maintained, and accessible for all tenants (current and former), including evidence of timely recertification. Cause: The Organization had several vacant positions during 2022. This lack of personnel caused the remaining personnel to be unable to keep up with the volume paperwork needed to be maintained. Internal controls over document retention were not being followed by property management department. Effect: Documentation as required by HUD is not readily available. Recommendation: Systems should be put in place to ensure internal controls are being properly followed and increase oversight from executive management over the property management department. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding and the recommended procedures will be implemented.
Finding 2022-001
Department of Housing and Urban Development Assistance Listing Number 14.181 Year ended December 31, 2022 2022-001 Significant Deficiency over Internal Control over Tenant Files and Recertifications Condition: Completed tenant files with all required information including evidence of timely recertifications could not be provided readily by property management department. Criteria: Tenant files are to be documented, maintained, and accessible for all tenants (current and former), including evidence of timely recertification. Cause: The Organization had several vacant positions during 2022. This lack of personnel caused the remaining personnel to be unable to keep up with the volume paperwork needed to be maintained. Internal controls over document retention were not being followed by property management department. Effect: Documentation as required by HUD is not readily available. Recommendation: Systems should be put in place to ensure internal controls are being properly followed and increase oversight from executive management over the property management department. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding and the recommended procedures will be implemented.