FAC Explorer

Audit 27987

FY End
2022-06-30
Total Expended
$4.90M
Findings
2
Programs
2
Organization: Missouri Voa Elderly Housing, Inc. (new Northside Village) (LA)
Year: 2022 Accepted: 2022-12-26
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
30810 2022-001 - - LN
607252 2022-001 - - LN

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $4.85M Yes 1
14.218 Community Development Block Grants/entitlement Grants $45,000 - 0

Contacts

Name Title Type
LLTNFK7XGHM7 Vanessa Tran Auditee
7033415000 Bryan Beale Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 4675000. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 45000.

Finding Details

Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Unresolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: According to the regulatory agreement, disbursements from restricted funds may only be made after receiving written consent from HUD. Statement of Condition: HUD approval was not granted for disbursements from the restricted accounts. Cause: An approved disbursement was withdrawn twice. Effect or Potential Effect: The restricted account is underfunded by the amount of the withdrawal. Auditor Non-Compliance Code: A Questioned Costs: $4,027 Reporting Views of Responsible Officials: Management agrees with the finding. Management will return the funds to the replacement reserve account. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should return the funds to the replacement reserve account. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management will return the funds to the replacement reserve account. Response Indicator: Agree Completion Date: August 16, 2022 Response: Management agrees with the finding. Management will return the funds to the replacement reserve account.
Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Unresolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: According to the regulatory agreement, disbursements from restricted funds may only be made after receiving written consent from HUD. Statement of Condition: HUD approval was not granted for disbursements from the restricted accounts. Cause: An approved disbursement was withdrawn twice. Effect or Potential Effect: The restricted account is underfunded by the amount of the withdrawal. Auditor Non-Compliance Code: A Questioned Costs: $4,027 Reporting Views of Responsible Officials: Management agrees with the finding. Management will return the funds to the replacement reserve account. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should return the funds to the replacement reserve account. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management will return the funds to the replacement reserve account. Response Indicator: Agree Completion Date: August 16, 2022 Response: Management agrees with the finding. Management will return the funds to the replacement reserve account.