Audit 26961

FY End
2022-06-30
Total Expended
$17.60M
Findings
14
Programs
6
Year: 2022 Accepted: 2022-10-20

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
36339 2022-001 Significant Deficiency Yes J
36340 2022-001 Significant Deficiency Yes J
36341 2022-001 Significant Deficiency Yes J
36342 2022-001 Significant Deficiency - J
36343 2022-002 Significant Deficiency - B
36344 2022-001 Significant Deficiency - J
36345 2022-002 Significant Deficiency - B
612781 2022-001 Significant Deficiency Yes J
612782 2022-001 Significant Deficiency Yes J
612783 2022-001 Significant Deficiency Yes J
612784 2022-001 Significant Deficiency - J
612785 2022-002 Significant Deficiency - B
612786 2022-001 Significant Deficiency - J
612787 2022-002 Significant Deficiency - B

Contacts

Name Title Type
G8KSE4FM1DH4 Travis Fegler Auditee
3072650603 Diane Cox Auditor
No contacts on file

Notes to SEFA

Title: Note 1. Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. No federal financial assistancehas been provided to subrecipients. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Authority has elected to continue using the 10% indirect cost rate allowed under its federal program grantagreements. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity ofWyoming Community Development Authority (the Authority) under programs of the federal government for the yearended June 30, 2022. The information on this Schedule is prepared in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of theAuthority, it is not intended to and does not present the financial position, changes in net position, or cash flows of theAuthority.
Title: Note 4. Reconciliation of the SEFA to Federal Program Expenses Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. No federal financial assistancehas been provided to subrecipients. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Authority has elected to continue using the 10% indirect cost rate allowed under its federal program grantagreements. See the notes to the SEFA for chart/table.
Title: Note 5. Program Income Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. No federal financial assistancehas been provided to subrecipients. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Authority has elected to continue using the 10% indirect cost rate allowed under its federal program grantagreements. The Authority earns program income on its federal programs. Most of the program income comes from sales ofproperties originally purchased or renovated with federal funds and from interest and repayment of principal on the loansfor those properties. Program income is reported on the Schedule of Expenditures of Federal Awards when the programincome has been expended for federal purposes.
Title: Note 6. Loans made with Federal Funds Accounting Policies: Expenditures reported on the Schedule are presented on the accrual basis of accounting. No federal financial assistancehas been provided to subrecipients. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Authority has elected to continue using the 10% indirect cost rate allowed under its federal program grantagreements. See the notes to the SEFA for chart/table.

Finding Details

2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-002 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: The Authority?s system of internal control should provide reasonable assurance that costs of services charged to Federal awards are allowable and in accordance with the applicable cost principles. Condition: The Authority?s computation of costs allocated to the grant for administrative wage was inaccurate. The allocation spreadsheet used to identify the amounts to allocate to the grants erroneously included an incorrect percentage to allocate one individual?s time. Cause: The Authority?s system of internal control is lacking a procedure for verifying the computations of costs allocated to the grant for administrative wages. Effect or Potential Effect: The administrative costs are calculated and charged to the Federal award incorrectly. Questioned Costs: None Context: The Authority?s annual time study is used for allocating administrative payroll costs to the Federal award. The allocation computations are performed on a monthly basis, however not reviewed by another individual. For one employee, the percentage of wages allocated to the grant was entered into the calculation incorrectly, resulting in an incorrect computation for July 2021 through March 2022. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review the setup of the allocation computation after each time study is performed to verify the accuracy of the allocation percentages and mathematical calculations. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-002 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: The Authority?s system of internal control should provide reasonable assurance that costs of services charged to Federal awards are allowable and in accordance with the applicable cost principles. Condition: The Authority?s computation of costs allocated to the grant for administrative wage was inaccurate. The allocation spreadsheet used to identify the amounts to allocate to the grants erroneously included an incorrect percentage to allocate one individual?s time. Cause: The Authority?s system of internal control is lacking a procedure for verifying the computations of costs allocated to the grant for administrative wages. Effect or Potential Effect: The administrative costs are calculated and charged to the Federal award incorrectly. Questioned Costs: None Context: The Authority?s annual time study is used for allocating administrative payroll costs to the Federal award. The allocation computations are performed on a monthly basis, however not reviewed by another individual. For one employee, the percentage of wages allocated to the grant was entered into the calculation incorrectly, resulting in an incorrect computation for July 2021 through March 2022. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review the setup of the allocation computation after each time study is performed to verify the accuracy of the allocation percentages and mathematical calculations. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-002 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: The Authority?s system of internal control should provide reasonable assurance that costs of services charged to Federal awards are allowable and in accordance with the applicable cost principles. Condition: The Authority?s computation of costs allocated to the grant for administrative wage was inaccurate. The allocation spreadsheet used to identify the amounts to allocate to the grants erroneously included an incorrect percentage to allocate one individual?s time. Cause: The Authority?s system of internal control is lacking a procedure for verifying the computations of costs allocated to the grant for administrative wages. Effect or Potential Effect: The administrative costs are calculated and charged to the Federal award incorrectly. Questioned Costs: None Context: The Authority?s annual time study is used for allocating administrative payroll costs to the Federal award. The allocation computations are performed on a monthly basis, however not reviewed by another individual. For one employee, the percentage of wages allocated to the grant was entered into the calculation incorrectly, resulting in an incorrect computation for July 2021 through March 2022. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review the setup of the allocation computation after each time study is performed to verify the accuracy of the allocation percentages and mathematical calculations. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-001 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: Program income: The Authority?s system of internal control should provide reasonable assurance that program income is correctly earned and recorded in accordance with the program requirements. Condition: One month of HOME transactions was erroneously posted in Integrated Disbursement and Information System (IDIS) as program income. The Housing Trust Fund (HTF) program income transactions were posted in IDIS, however, there was no timely verification process in place for assuring the program income was correctly recorded in IDIS. Cause: The Authority is lacking a timely and accurate reconciliation process between the IDIS and the bank statements to ensure the accurate recognition and reporting of program income. Effect or Potential Effect: Program income may be incorrectly reported to the federal government in IDIS. Questioned Costs: None. Context: One month of HOME transactions totaling $67,304 was erroneously reported in IDIS as program income. The transactions were receipts other than program income, however reported in IDIS as program income. The transactions were appropriately accounted for and reconciled in the Authority?s general ledger. Additionally, the Housing Trust Fund program income reconciliation process between IDIS and the bank statements was not performed timely. Identification as a Repeat Finding: This is a repeat finding for HOME of prior year finding 2021-001. Recommendation: The Authority should further refine the reconciliation process between IDIS, the general ledger and bank statements for all funding sources of its federal programs. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.
2022-002 Significant Deficiency in Internal Control Department of Housing and Urban Development ""See Schedule of Findings and Questioned Costs for chart/table"" Criteria or specific requirement: The Authority?s system of internal control should provide reasonable assurance that costs of services charged to Federal awards are allowable and in accordance with the applicable cost principles. Condition: The Authority?s computation of costs allocated to the grant for administrative wage was inaccurate. The allocation spreadsheet used to identify the amounts to allocate to the grants erroneously included an incorrect percentage to allocate one individual?s time. Cause: The Authority?s system of internal control is lacking a procedure for verifying the computations of costs allocated to the grant for administrative wages. Effect or Potential Effect: The administrative costs are calculated and charged to the Federal award incorrectly. Questioned Costs: None Context: The Authority?s annual time study is used for allocating administrative payroll costs to the Federal award. The allocation computations are performed on a monthly basis, however not reviewed by another individual. For one employee, the percentage of wages allocated to the grant was entered into the calculation incorrectly, resulting in an incorrect computation for July 2021 through March 2022. Identification as a Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review the setup of the allocation computation after each time study is performed to verify the accuracy of the allocation percentages and mathematical calculations. Views of Responsible Officials: Please refer to the Authority?s corrective action plan.