FAC Explorer

Audit 27231

FY End
2022-07-31
Total Expended
$4.66M
Findings
4
Programs
2
Organization: St. Monica's Apartments (CT)
Year: 2022 Accepted: 2022-12-06
Auditor: Whittlesey PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
32716 2022-001 - Yes C
32717 2022-001 - Yes C
609158 2022-001 - Yes C
609159 2022-001 - Yes C

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly - Section 202 - Capital Advance Program $4.29M Yes 1
14.157 Supportive Housing for the Elderly - Section 202 - Project Rental Assistance Contract $369,366 Yes 1

Contacts

Name Title Type
Y13KNDJNQYN9 Lucretia R. Fuentes Auditee
8605250534 Steve Erickson Auditor
No contacts on file

Notes to SEFA

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 Corporation did not elect to use the de minimis indirect cost.

Finding Details

Finding 2022-001
S3800-010 Finding reference number 2020-001 S3800-011 Title and CFDA number of federal program 14.157 - Supportive Housing for the Elderly - Section 202 Capital Advance and Project Rental Assistance Contract S3800-015 Type of finding Compliance S3800-016 Finding resolution status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of repeat finding and finding reference number N/A S3800-020 Criteria Monthly deposits to the replacement reserve are required by HUD. S3800-030 Statement of condition Monthly deposits to the replacement reserve as required by HUD were not made. S3800-032 Cause Management believed these deposits were waived by HUD but they were not. S3800-033 Effect or potential effect The replacement reserve was underfunded as of July 31, 2021. S3800-035 Auditor non-compliance code N - Replacement Reserve Deposits S3800-037 FHA/contract number 017EH173 S3800-038 Questioned costs $0 S3800-045 Reporting views of responsible official Management has concurred with the finding. S3800-050 Context The new property manager was provided with misleading information which caused her to believe she did not need to deposit monthly amounts into the replacement reserve, so deposits were not made in 2020 or 2021. S3800-080 Recommendation The replacement reserve is to be fully funded. S3800-090 Auditor's summary of the auditee's comments on the findings and recommendations Management will ensure that the replacement reserve gets fully funded. S3800-130 Response indicator Agree S3800-140 Completion date October 31, 2021 S3800-150 Response Management has deposited the appropriate funds to the replacement reserve during the year ended July 31, 2022
Finding 2022-001
S3800-010 Finding reference number 2020-001 S3800-011 Title and CFDA number of federal program 14.157 - Supportive Housing for the Elderly - Section 202 Capital Advance and Project Rental Assistance Contract S3800-015 Type of finding Compliance S3800-016 Finding resolution status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of repeat finding and finding reference number N/A S3800-020 Criteria Monthly deposits to the replacement reserve are required by HUD. S3800-030 Statement of condition Monthly deposits to the replacement reserve as required by HUD were not made. S3800-032 Cause Management believed these deposits were waived by HUD but they were not. S3800-033 Effect or potential effect The replacement reserve was underfunded as of July 31, 2021. S3800-035 Auditor non-compliance code N - Replacement Reserve Deposits S3800-037 FHA/contract number 017EH173 S3800-038 Questioned costs $0 S3800-045 Reporting views of responsible official Management has concurred with the finding. S3800-050 Context The new property manager was provided with misleading information which caused her to believe she did not need to deposit monthly amounts into the replacement reserve, so deposits were not made in 2020 or 2021. S3800-080 Recommendation The replacement reserve is to be fully funded. S3800-090 Auditor's summary of the auditee's comments on the findings and recommendations Management will ensure that the replacement reserve gets fully funded. S3800-130 Response indicator Agree S3800-140 Completion date October 31, 2021 S3800-150 Response Management has deposited the appropriate funds to the replacement reserve during the year ended July 31, 2022
Finding 2022-001
S3800-010 Finding reference number 2020-001 S3800-011 Title and CFDA number of federal program 14.157 - Supportive Housing for the Elderly - Section 202 Capital Advance and Project Rental Assistance Contract S3800-015 Type of finding Compliance S3800-016 Finding resolution status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of repeat finding and finding reference number N/A S3800-020 Criteria Monthly deposits to the replacement reserve are required by HUD. S3800-030 Statement of condition Monthly deposits to the replacement reserve as required by HUD were not made. S3800-032 Cause Management believed these deposits were waived by HUD but they were not. S3800-033 Effect or potential effect The replacement reserve was underfunded as of July 31, 2021. S3800-035 Auditor non-compliance code N - Replacement Reserve Deposits S3800-037 FHA/contract number 017EH173 S3800-038 Questioned costs $0 S3800-045 Reporting views of responsible official Management has concurred with the finding. S3800-050 Context The new property manager was provided with misleading information which caused her to believe she did not need to deposit monthly amounts into the replacement reserve, so deposits were not made in 2020 or 2021. S3800-080 Recommendation The replacement reserve is to be fully funded. S3800-090 Auditor's summary of the auditee's comments on the findings and recommendations Management will ensure that the replacement reserve gets fully funded. S3800-130 Response indicator Agree S3800-140 Completion date October 31, 2021 S3800-150 Response Management has deposited the appropriate funds to the replacement reserve during the year ended July 31, 2022
Finding 2022-001
S3800-010 Finding reference number 2020-001 S3800-011 Title and CFDA number of federal program 14.157 - Supportive Housing for the Elderly - Section 202 Capital Advance and Project Rental Assistance Contract S3800-015 Type of finding Compliance S3800-016 Finding resolution status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of repeat finding and finding reference number N/A S3800-020 Criteria Monthly deposits to the replacement reserve are required by HUD. S3800-030 Statement of condition Monthly deposits to the replacement reserve as required by HUD were not made. S3800-032 Cause Management believed these deposits were waived by HUD but they were not. S3800-033 Effect or potential effect The replacement reserve was underfunded as of July 31, 2021. S3800-035 Auditor non-compliance code N - Replacement Reserve Deposits S3800-037 FHA/contract number 017EH173 S3800-038 Questioned costs $0 S3800-045 Reporting views of responsible official Management has concurred with the finding. S3800-050 Context The new property manager was provided with misleading information which caused her to believe she did not need to deposit monthly amounts into the replacement reserve, so deposits were not made in 2020 or 2021. S3800-080 Recommendation The replacement reserve is to be fully funded. S3800-090 Auditor's summary of the auditee's comments on the findings and recommendations Management will ensure that the replacement reserve gets fully funded. S3800-130 Response indicator Agree S3800-140 Completion date October 31, 2021 S3800-150 Response Management has deposited the appropriate funds to the replacement reserve during the year ended July 31, 2022