FAC Explorer

Audit 290994

FY End
2023-06-30
Total Expended
$1.90M
Findings
2
Programs
1
Organization: Asi - Clark County, Inc. (MN)
Year: 2023 Accepted: 2024-02-16
Auditor: Hinrichs & Associates LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
369615 2023-001 - - B
946057 2023-001 - - B

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $128,993 Yes 0

Contacts

Name Title Type
XE8ZG5VTMNL5 Chuck Reuter Auditee
6516457271 Brian Baker Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION 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: ASI Clark County, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal award activity of ASI Clark County, Inc., HUD Project No. 125-HD069, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 ASI Clark County Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of ASI Clark County, Inc.
Title: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN PROGRAM 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: ASI Clark County, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no HUD loans in this Project.

Finding Details

Finding 2023-001
FINDING 2023-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: In 1 of 25 cash disbursements tested, the Project's management company deposited one of the Project's checks into their account that was intended for a vendor. Criteria: The Project should ensure checks are being sent directly to the vendor. Effect: The amount of the check incorrectly deposited by the management company was $191 out of a total sample of disbursements of $15,654. Context: A sample of disbursements was selected for testing of compliance. The test found one disbursement that was not in compliance. The non compliance had a financial effect outlined below. The details and results of the sample are as follows: Population - 242, $279,157 Sample - 25, $15,654 Not in Compliance -1, $191, Questioned Costs - $191 Cause: The Project's management company mistakenly deposited one of the Project's checks that was intended for a vendor. Recommendation: The Project should ensure checks are being sent directly to the vendor. The management company should reimburse the Project for the incorrectly deposited check. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounts payable staff will be reminded to send checks directly to the vendor. Total-Department of Housing and Urban Development - $191. Non-compliance code - R
Finding 2023-001
FINDING 2023-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: In 1 of 25 cash disbursements tested, the Project's management company deposited one of the Project's checks into their account that was intended for a vendor. Criteria: The Project should ensure checks are being sent directly to the vendor. Effect: The amount of the check incorrectly deposited by the management company was $191 out of a total sample of disbursements of $15,654. Context: A sample of disbursements was selected for testing of compliance. The test found one disbursement that was not in compliance. The non compliance had a financial effect outlined below. The details and results of the sample are as follows: Population - 242, $279,157 Sample - 25, $15,654 Not in Compliance -1, $191, Questioned Costs - $191 Cause: The Project's management company mistakenly deposited one of the Project's checks that was intended for a vendor. Recommendation: The Project should ensure checks are being sent directly to the vendor. The management company should reimburse the Project for the incorrectly deposited check. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounts payable staff will be reminded to send checks directly to the vendor. Total-Department of Housing and Urban Development - $191. Non-compliance code - R