FAC Explorer

Audit 294566

FY End
2022-12-31
Total Expended
$971,827
Findings
12
Programs
2
Organization: Ville Platte Affordable Housing CORP (LA)
Year: 2022 Accepted: 2024-03-11
Auditor: Vige Tujague & Noel

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
375515 2022-001 Significant Deficiency Yes P
375516 2022-002 Significant Deficiency Yes P
375517 2022-003 Significant Deficiency Yes N
375518 2022-001 Significant Deficiency Yes P
375519 2022-002 Significant Deficiency Yes P
375520 2022-003 Significant Deficiency Yes N
951957 2022-001 Significant Deficiency Yes P
951958 2022-002 Significant Deficiency Yes P
951959 2022-003 Significant Deficiency Yes N
951960 2022-001 Significant Deficiency Yes P
951961 2022-002 Significant Deficiency Yes P
951962 2022-003 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $902,700 Yes 3
14.195 Section 8 Housing Assistance Payments Program $69,127 - 3

Contacts

Name Title Type
KCEPEFYBASS4 Debra Kennedy Auditee
3373326004 Shirley Vige, JR Auditor
No contacts on file

Notes to SEFA

Title: NOTE A – BASIS OF PRESENTATION Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, HUD Project No.064 HD069-WPD-NP-L8 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. Because the Schedule presents only a selected portion of the operations of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, it is not intended to and does not present the financial positions, changes in net assets, or cash flows of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden NOTE B – SUMMARY OF SIGNIFICANT 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. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The capital advance above is a contingent liability recognized as net assets in the year of construction of the apartment complex. In the event the Corporation does not remain available for eligible low-income households for a 40-year period, in compliance with the capital advance agreement, HUD may declare the entire amount due and payable. The principal balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden received no additional advances during the year. The principal balance outstanding at December 31, 2022 is $902,700. De Minimis Rate Used: N Rate Explanation: 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. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, HUD Project No.064 HD069-WPD-NP-L8 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. Because the Schedule presents only a selected portion of the operations of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, it is not intended to and does not present the financial positions, changes in net assets, or cash flows of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, HUD Project No.064 HD069-WPD-NP-L8 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. Because the Schedule presents only a selected portion of the operations of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden, it is not intended to and does not present the financial positions, changes in net assets, or cash flows of Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden NOTE B – SUMMARY OF SIGNIFICANT 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. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The capital advance above is a contingent liability recognized as net assets in the year of construction of the apartment complex. In the event the Corporation does not remain available for eligible low-income households for a 40-year period, in compliance with the capital advance agreement, HUD may declare the entire amount due and payable. The principal balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden received no additional advances during the year. The principal balance outstanding at December 31, 2022 is $902,700. De Minimis Rate Used: N Rate Explanation: 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. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 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. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The capital advance above is a contingent liability recognized as net assets in the year of construction of the apartment complex. In the event the Corporation does not remain available for eligible low-income households for a 40-year period, in compliance with the capital advance agreement, HUD may declare the entire amount due and payable. The principal balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Ville Platte Affordable Housing Corp., D/B/A Annie Mae's Prayer Garden received no additional advances during the year. The principal balance outstanding at December 31, 2022 is $902,700.

Finding Details

Finding 2022-001
FINDING #2022-001 LATE AUDIT SUBMISSION Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The project did not file its annual audit within the required time frame. Criteria: HUD requires that audits of its properties be completed within three months of the close of the entity’s fiscal year or within nine months if an Owner Certification is filed. Effect: The entity is in violation of HUD’s audit requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with HUD’s audit requirements and ensure that the audit is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is aware and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-001.
Finding 2022-002
FINDING #2022-002 LATE CENSUS BUREAU FILING Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The property did not file its annual data collection form with the Federal Audit Clearing House Census Bureau within the required time frame. Criteria: The Federal Audit Clearing House Census Bureau requires that non-profit organizations, subject to a single audit, file a data collection form within nine months of the organization’s fiscal year-end or 30 days after the audit is released, whichever is sooner. Effect: The property is in violation of the Federal Audit Clearing House Census Bureau’s requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with all continuing compliance requirements and ensure that the data collection form is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is now aware of the continuing compliance requirement and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-002.
Finding 2022-003
FINDING #2022-003 RESIDUAL RECEIPTS DEPOSIT Type of Finding: Compliance: Special Tests Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: At December 31, 2021 the Entity was short on the required residual receipts deposit in the amount of $13,894. The Entity deposited $323 resulting in a shortage of $13,571 at December 31, 2022. Criteria: The Regulatory Agreement between the Entity and HUD requires the Entity to establish and maintain a residual receipts account. The agreement requires the owners to deposit surplus cash (residual receipts) into this account within 90 days after the end of the annual fiscal period within which it was generated. Effect: The Entity is in direct violation of the HUD Regulatory Agreement. Cause: This was an oversight by the management agent. Recommendation: The management agent should compute an estimate of surplus cash (residual receipts) for the fiscal year upon completion of that period. In the event that surplus cash exists at the completion of the fiscal period, the management agent must further ensure that all required deposits are made to the residual receipts account within the required time frame and that the balance in that account meets the minimum required balance in accordance with the regulatory agreement between the Entity and HUD. Views of Responsible Officials and Planned Corrective Action: The management agent agrees with the finding and the auditor’s recommendations have been adopted. Surplus cash will be calculated upon the completion of an annual fiscal period. If it is concluded that surplus cash exists at the end of the annual fiscal period, and further determined that the surplus cash was received within that fiscal period, that amount of surplus cash will be deposited into the Residual Receipts Account within ninety days of the close of that fiscal period. This finding has been repeated since the December 31, 2021 audit. Prior year finding number #2021-003.
Finding 2022-001
FINDING #2022-001 LATE AUDIT SUBMISSION Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The project did not file its annual audit within the required time frame. Criteria: HUD requires that audits of its properties be completed within three months of the close of the entity’s fiscal year or within nine months if an Owner Certification is filed. Effect: The entity is in violation of HUD’s audit requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with HUD’s audit requirements and ensure that the audit is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is aware and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-001.
Finding 2022-002
FINDING #2022-002 LATE CENSUS BUREAU FILING Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The property did not file its annual data collection form with the Federal Audit Clearing House Census Bureau within the required time frame. Criteria: The Federal Audit Clearing House Census Bureau requires that non-profit organizations, subject to a single audit, file a data collection form within nine months of the organization’s fiscal year-end or 30 days after the audit is released, whichever is sooner. Effect: The property is in violation of the Federal Audit Clearing House Census Bureau’s requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with all continuing compliance requirements and ensure that the data collection form is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is now aware of the continuing compliance requirement and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-002.
Finding 2022-003
FINDING #2022-003 RESIDUAL RECEIPTS DEPOSIT Type of Finding: Compliance: Special Tests Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: At December 31, 2021 the Entity was short on the required residual receipts deposit in the amount of $13,894. The Entity deposited $323 resulting in a shortage of $13,571 at December 31, 2022. Criteria: The Regulatory Agreement between the Entity and HUD requires the Entity to establish and maintain a residual receipts account. The agreement requires the owners to deposit surplus cash (residual receipts) into this account within 90 days after the end of the annual fiscal period within which it was generated. Effect: The Entity is in direct violation of the HUD Regulatory Agreement. Cause: This was an oversight by the management agent. Recommendation: The management agent should compute an estimate of surplus cash (residual receipts) for the fiscal year upon completion of that period. In the event that surplus cash exists at the completion of the fiscal period, the management agent must further ensure that all required deposits are made to the residual receipts account within the required time frame and that the balance in that account meets the minimum required balance in accordance with the regulatory agreement between the Entity and HUD. Views of Responsible Officials and Planned Corrective Action: The management agent agrees with the finding and the auditor’s recommendations have been adopted. Surplus cash will be calculated upon the completion of an annual fiscal period. If it is concluded that surplus cash exists at the end of the annual fiscal period, and further determined that the surplus cash was received within that fiscal period, that amount of surplus cash will be deposited into the Residual Receipts Account within ninety days of the close of that fiscal period. This finding has been repeated since the December 31, 2021 audit. Prior year finding number #2021-003.
Finding 2022-001
FINDING #2022-001 LATE AUDIT SUBMISSION Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The project did not file its annual audit within the required time frame. Criteria: HUD requires that audits of its properties be completed within three months of the close of the entity’s fiscal year or within nine months if an Owner Certification is filed. Effect: The entity is in violation of HUD’s audit requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with HUD’s audit requirements and ensure that the audit is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is aware and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-001.
Finding 2022-002
FINDING #2022-002 LATE CENSUS BUREAU FILING Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The property did not file its annual data collection form with the Federal Audit Clearing House Census Bureau within the required time frame. Criteria: The Federal Audit Clearing House Census Bureau requires that non-profit organizations, subject to a single audit, file a data collection form within nine months of the organization’s fiscal year-end or 30 days after the audit is released, whichever is sooner. Effect: The property is in violation of the Federal Audit Clearing House Census Bureau’s requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with all continuing compliance requirements and ensure that the data collection form is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is now aware of the continuing compliance requirement and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-002.
Finding 2022-003
FINDING #2022-003 RESIDUAL RECEIPTS DEPOSIT Type of Finding: Compliance: Special Tests Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: At December 31, 2021 the Entity was short on the required residual receipts deposit in the amount of $13,894. The Entity deposited $323 resulting in a shortage of $13,571 at December 31, 2022. Criteria: The Regulatory Agreement between the Entity and HUD requires the Entity to establish and maintain a residual receipts account. The agreement requires the owners to deposit surplus cash (residual receipts) into this account within 90 days after the end of the annual fiscal period within which it was generated. Effect: The Entity is in direct violation of the HUD Regulatory Agreement. Cause: This was an oversight by the management agent. Recommendation: The management agent should compute an estimate of surplus cash (residual receipts) for the fiscal year upon completion of that period. In the event that surplus cash exists at the completion of the fiscal period, the management agent must further ensure that all required deposits are made to the residual receipts account within the required time frame and that the balance in that account meets the minimum required balance in accordance with the regulatory agreement between the Entity and HUD. Views of Responsible Officials and Planned Corrective Action: The management agent agrees with the finding and the auditor’s recommendations have been adopted. Surplus cash will be calculated upon the completion of an annual fiscal period. If it is concluded that surplus cash exists at the end of the annual fiscal period, and further determined that the surplus cash was received within that fiscal period, that amount of surplus cash will be deposited into the Residual Receipts Account within ninety days of the close of that fiscal period. This finding has been repeated since the December 31, 2021 audit. Prior year finding number #2021-003.
Finding 2022-001
FINDING #2022-001 LATE AUDIT SUBMISSION Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The project did not file its annual audit within the required time frame. Criteria: HUD requires that audits of its properties be completed within three months of the close of the entity’s fiscal year or within nine months if an Owner Certification is filed. Effect: The entity is in violation of HUD’s audit requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with HUD’s audit requirements and ensure that the audit is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is aware and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-001.
Finding 2022-002
FINDING #2022-002 LATE CENSUS BUREAU FILING Type of Finding: Other Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: The property did not file its annual data collection form with the Federal Audit Clearing House Census Bureau within the required time frame. Criteria: The Federal Audit Clearing House Census Bureau requires that non-profit organizations, subject to a single audit, file a data collection form within nine months of the organization’s fiscal year-end or 30 days after the audit is released, whichever is sooner. Effect: The property is in violation of the Federal Audit Clearing House Census Bureau’s requirements. Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2022 audit to be delayed. Recommendation: We recommend that the property comply with all continuing compliance requirements and ensure that the data collection form is submitted by the required deadline in the future. Views of Responsible Officials and Planned Corrective Action: Management is now aware of the continuing compliance requirement and will comply with this recommendation in the future. This finding has been repeated since the December 31, 2016 audit. Prior year finding number #2021-002.
Finding 2022-003
FINDING #2022-003 RESIDUAL RECEIPTS DEPOSIT Type of Finding: Compliance: Special Tests Program: The Federal Programs are Section 811 Capital Advance (Assistance Listing 14.181) and Section 8 Housing Assistance Payments (Assistance Listing 14.195) issued by the U.S. Department of Housing and Urban Development. Condition: At December 31, 2021 the Entity was short on the required residual receipts deposit in the amount of $13,894. The Entity deposited $323 resulting in a shortage of $13,571 at December 31, 2022. Criteria: The Regulatory Agreement between the Entity and HUD requires the Entity to establish and maintain a residual receipts account. The agreement requires the owners to deposit surplus cash (residual receipts) into this account within 90 days after the end of the annual fiscal period within which it was generated. Effect: The Entity is in direct violation of the HUD Regulatory Agreement. Cause: This was an oversight by the management agent. Recommendation: The management agent should compute an estimate of surplus cash (residual receipts) for the fiscal year upon completion of that period. In the event that surplus cash exists at the completion of the fiscal period, the management agent must further ensure that all required deposits are made to the residual receipts account within the required time frame and that the balance in that account meets the minimum required balance in accordance with the regulatory agreement between the Entity and HUD. Views of Responsible Officials and Planned Corrective Action: The management agent agrees with the finding and the auditor’s recommendations have been adopted. Surplus cash will be calculated upon the completion of an annual fiscal period. If it is concluded that surplus cash exists at the end of the annual fiscal period, and further determined that the surplus cash was received within that fiscal period, that amount of surplus cash will be deposited into the Residual Receipts Account within ninety days of the close of that fiscal period. This finding has been repeated since the December 31, 2021 audit. Prior year finding number #2021-003.