FAC Explorer

Audit 2605

FY End
2023-06-30
Total Expended
$1.35M
Findings
2
Programs
3
Organization: Ministry in Action Living Center of Lufkin, INC (TX)
Year: 2023 Accepted: 2023-11-08
Auditor: Tidwell Group LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1387 2023-001 - - A
577829 2023-001 - - A

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.03M Yes 1
14.871 Section 8 Housing Choice Vouchers $284,013 - 0
14.191 Multifamily Housing Service Coordinators $35,075 - 0

Contacts

Name Title Type
TYVMFKWL1SU7 Joshua W. Allen, Sr. Auditee
4098338947 Xiaohui Jiang Auditor
No contacts on file

Notes to SEFA

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 OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Ministry in Action Living Center of Lufkin, Inc. has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: NONE The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Ministry in Action Living Center of Lufkin, Inc., HUD Project No. 114-11361, and is presented 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 (CFR) 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 Ministry in Action Living Center of Lufkin, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ministry in Action Living Center of Lufkin, Inc.
Title: NOTE 3 - MORTGAGE NOTE PAYABLE 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 OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Ministry in Action Living Center of Lufkin, Inc. has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: NONE The outstanding balance of the loan and loan guarantee program at June 30, 2023 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was $1,026,420.

Finding Details

Finding 2023-001
Finding No. 2023-001: Controls over timely filing with the Federal Audit Clearinghouse Criteria: The Federal Audit Clearinghouse requires that the Data Collection Form be submitted within nine months of year end. Condition: The Data Collection Form for the year ended June 30, 2022 was not filed electronically with the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Questioned Cost: None. Cause: Administrative oversight led to the Data Collection Form for the year ended June 30, 2022 not being submitted to the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Effect: Management is not in compliance with the requirement to timely submit the Data Collection Form with the Federal Audit Clearinghouse. Recommendation: Management should institute procedures to ensure that the Data Collection Form is electronically filed with the Federal Audit Clearinghouse within nine months of year end. View of Responsible Officials: Management will implement procedures to ensure that the form is timely submitted in the future.
Finding 2023-001
Finding No. 2023-001: Controls over timely filing with the Federal Audit Clearinghouse Criteria: The Federal Audit Clearinghouse requires that the Data Collection Form be submitted within nine months of year end. Condition: The Data Collection Form for the year ended June 30, 2022 was not filed electronically with the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Questioned Cost: None. Cause: Administrative oversight led to the Data Collection Form for the year ended June 30, 2022 not being submitted to the Federal Audit Clearinghouse within nine months of the fiscal year end of the Corporation. Effect: Management is not in compliance with the requirement to timely submit the Data Collection Form with the Federal Audit Clearinghouse. Recommendation: Management should institute procedures to ensure that the Data Collection Form is electronically filed with the Federal Audit Clearinghouse within nine months of year end. View of Responsible Officials: Management will implement procedures to ensure that the form is timely submitted in the future.