Audit 293073

FY End

2023-09-30

Total Expended

$1.15M

Findings

2

Programs

1

Organization: Aztex Homes for Elderly, Inc., Pleasant Hill Apartments (TN)

Year: 2023 Accepted: 2024-03-01

Auditor: Purkey Carter Compton Swann & Carter PLLC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
371408	2023-001	Significant Deficiency	-	P
947850	2023-001	Significant Deficiency	-	P

ALN	Program	Spent	Major	Findings
14.157	Supportive Housing for the Elderly	$19,330	Yes	0

Contacts

Name	Title	Type
VDKFCJEMLDF3	Mary Hazelwood	Auditee
4235861494	Natasha Moore, CPA	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE A - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal award activity of Aztex Homes for Elderly, Inc., Pleasant Hill Apartments, and is presented on the full 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 the Project, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Project. De Minimis Rate Used: Y Rate Explanation: NOTE B - DE MINIMIS INDIRECT COST RATE When applicable, Aztex Homes for Elderly, Inc., Pleasant Hill Apartments, has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-001

Finding No. 2023 – 001: Failure to remit excess residual receipts to HUD by the date required, ALN #14.157 The Project did not remit excess residual receipts in the amount of $731 to HUD by the date required. Criteria: Excess residual receipts are required to be remitted to HUD by the PRAC renewal of expiration date. Cause of Condition: The management agent did not have systems in place to ensure timely remittance of the excess residual receipts funds. Recommendation: Auditor recommends management remit the excess residual receipts in the amount of $731 to HUD and implement systems to ensure future excess residual receipts are either remitted to HUD or requested to be withdrawn for approved expenses no later than the respective PRAC renewal or expiration date.

Finding 2023-001

Finding No. 2023 – 001: Failure to remit excess residual receipts to HUD by the date required, ALN #14.157 The Project did not remit excess residual receipts in the amount of $731 to HUD by the date required. Criteria: Excess residual receipts are required to be remitted to HUD by the PRAC renewal of expiration date. Cause of Condition: The management agent did not have systems in place to ensure timely remittance of the excess residual receipts funds. Recommendation: Auditor recommends management remit the excess residual receipts in the amount of $731 to HUD and implement systems to ensure future excess residual receipts are either remitted to HUD or requested to be withdrawn for approved expenses no later than the respective PRAC renewal or expiration date.