FAC Explorer

Audit 291566

FY End
2023-09-30
Total Expended
$972,350
Findings
2
Programs
4
Organization: Trenton Housing Authority (TN)
Year: 2023 Accepted: 2024-02-21
Auditor: Smith Marion & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
370060 2023-002 Significant Deficiency - N
946502 2023-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $673,169 Yes 1
14.872 Public Housing Capital Fund $165,033 - 0
84.287 Twenty-First Century Community Learning Centers $128,699 - 0
10.558 Child and Adult Care Food Program $5,449 - 0

Contacts

Name Title Type
JA7THMCV5W15 Richard Lockard Auditee
7318551231 Chad Porter Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule presents the expenditures incurred (and related awards received) by the Trenton Housing Authority (the Authority) that are reimbursable under federal programs of federal agencies providing financial assistance awards. For the purpose of this schedule, only the portion of the program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with local or other nonfederal funds are excluded from the accompanying schedule. The expenditures included in the accompanying schedule were reported on the accrual basis of accounting. Expenditures are recognized in the accounting period in which the related liability is incurred. Expenditures reported included any property or equipment acquisitions incurred under the federal program. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: N/A

Finding Details

Finding 2023-002
Administration of waiting list 24 CFR 982.204 states “except for special admissions, participants must be selected from the PHA waiting list. The PHA must select participants from the waiting list in accordance with admission policies in the PHA administra􀀼ve plan.” Management did not keep a stagnant copy of the waiting list. The list in the accounting software is perpetual list, removing tenants as they are housed. Due to the software only tracking waiting list perpetually, there was no way to test new move-ins were pulled in accordance with PHA administrative plan. Management was unaware of the requirement. Unable to verify internal controls or compliance during audit period on this compliance point. Print waiting list each time new move-in is completed and retain printed list for a two year period. Management agrees with the audit finding and has prepared a Corrective Action Plan (CAP).
Finding 2023-002
Administration of waiting list 24 CFR 982.204 states “except for special admissions, participants must be selected from the PHA waiting list. The PHA must select participants from the waiting list in accordance with admission policies in the PHA administra􀀼ve plan.” Management did not keep a stagnant copy of the waiting list. The list in the accounting software is perpetual list, removing tenants as they are housed. Due to the software only tracking waiting list perpetually, there was no way to test new move-ins were pulled in accordance with PHA administrative plan. Management was unaware of the requirement. Unable to verify internal controls or compliance during audit period on this compliance point. Print waiting list each time new move-in is completed and retain printed list for a two year period. Management agrees with the audit finding and has prepared a Corrective Action Plan (CAP).