FAC Explorer

Audit 26854

FY End
2022-06-30
Total Expended
$951,403
Findings
2
Programs
1
Organization: South Metro Homes, Inc. (GA)
Year: 2022 Accepted: 2023-03-07
Auditor: Blad and Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
21846 2022-002 - - E
598288 2022-002 - - E

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $35,003 Yes 0

Contacts

Name Title Type
LRKEUQR5PA15 Anthony Vitucci Auditee
4703576739 Adam Hezlep Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of South Metro Homes, Inc. HUD Project NO. 061-HD013-WDD under programs of the Federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Accounting Principles Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost accounting principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Capital Advance is described in Note 5 to the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (14.181) - Balances outstanding at the end of the audit period were 916400.

Finding Details

Finding 2022-002
HUD CFDA 14.181 2022-002 Tenant Leases and Annual Recertifications Not Signed by Tenant Finding Related to: Compliance ? CDFA No. 14.181 Criteria: : The rules and regulations promulgated by the U.S. Department of Housing and Urban Development (HUD) require that the assistance applicants shall submit signed consent forms upon initial application and reexamination. Condition: During the audit, it was noted that Annual Recertifications and Tenant Leases were not signed by tenant. Cause: The Organization had limited access to tenants due to COVID pandemic and the quarantine recommendations in place. Effect: The Organization is not in compliance with HUD?s requirement. Recommendation: We recommend that documents are signed via mail or electronically if in person contact is not available. Auditee Response: We concur with the finding and will ensure that documents are signed by tenants going forward.
Finding 2022-002
HUD CFDA 14.181 2022-002 Tenant Leases and Annual Recertifications Not Signed by Tenant Finding Related to: Compliance ? CDFA No. 14.181 Criteria: : The rules and regulations promulgated by the U.S. Department of Housing and Urban Development (HUD) require that the assistance applicants shall submit signed consent forms upon initial application and reexamination. Condition: During the audit, it was noted that Annual Recertifications and Tenant Leases were not signed by tenant. Cause: The Organization had limited access to tenants due to COVID pandemic and the quarantine recommendations in place. Effect: The Organization is not in compliance with HUD?s requirement. Recommendation: We recommend that documents are signed via mail or electronically if in person contact is not available. Auditee Response: We concur with the finding and will ensure that documents are signed by tenants going forward.