FAC Explorer

Audit 297826

FY End
2023-06-30
Total Expended
$3.33M
Findings
4
Programs
2
Organization: St. Anne Residence (IL)
Year: 2023 Accepted: 2024-03-26
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
384708 2023-001 - Yes P
384709 2023-002 - - P
961150 2023-001 - Yes P
961151 2023-002 - - P

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $3.10M Yes 2
14.195 Section 8 Housing Assistance Payments Program $231,239 - 0

Contacts

Name Title Type
KXF9HN1MK988 Margaret Perine Auditee
2175236287 Rusty Gibson Auditor
No contacts on file

Notes to SEFA

Title: FEDERAL LOANS OUTSTANDING Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all federal grant activity of St. Anne Residence, Project No. 072-EE148/IL06-S021-012 (Project) 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. 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: The auditee did not use the de minimis cost rate. The development and construction of the Project was substantially funded under a noninterest bearing Mortgage Agreement with HUD. The Project received $3,099,800 from HUD for the Project construction costs under this Agreement. The Project is not required to make payments on the mortgage through August 1, 2045, provided it maintains housing in accordance with the Agreement. As of August 1, 2045, if all requirements have been met, the mortgage will be considered discharged. The Agreement is collateralized by a mortgage on the Project's property and equipment.
Title: ADDITIONAL INFORMATION Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all federal grant activity of St. Anne Residence, Project No. 072-EE148/IL06-S021-012 (Project) 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. 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: The auditee did not use the de minimis cost rate. The Project did not receive any federal awards in the form of noncash assistance or insurance in effect during the year ended June 30, 2023. In addition, the Project did not pass through any federal awards to subrecipients.

Finding Details

Finding 2023-001
Type of Finding: Other Matter. Condition: We noted a refund was not provided to a tenant within 30 days after the tenant's move-out date. Criteria or Specific Requirement: HUD requires security deposit refunds to be disbursed to the former tenant and in the appropriate amount within 30 days of move-out. If no refund is given, the tenant should receive an itemized listing of any unpaid rent, damages to the unit, and any estimated cost for repair. Cause: Employee turnover and staff shortages in the accounting department. Effect: The Project is not in compliance with HUD requirements. Repeat Finding: Yes
Finding 2023-002
Type of Finding: Other Matter. Condition: Duringthe year ended June 30, 2023, the security deposit liabiliteis exceded the balance of the security deposit cash account. Criteria or Specific Requirement: HUD requires that security deposits be maintained in a separate bank account which is equal to or greater than the amount of security depoist liabilities. Cause: Employee turnover and staff shortages in the accounting department. Effect: The Project is not in compliance with HUD requirements. Repeat Finding: No
Finding 2023-001
Type of Finding: Other Matter. Condition: We noted a refund was not provided to a tenant within 30 days after the tenant's move-out date. Criteria or Specific Requirement: HUD requires security deposit refunds to be disbursed to the former tenant and in the appropriate amount within 30 days of move-out. If no refund is given, the tenant should receive an itemized listing of any unpaid rent, damages to the unit, and any estimated cost for repair. Cause: Employee turnover and staff shortages in the accounting department. Effect: The Project is not in compliance with HUD requirements. Repeat Finding: Yes
Finding 2023-002
Type of Finding: Other Matter. Condition: Duringthe year ended June 30, 2023, the security deposit liabiliteis exceded the balance of the security deposit cash account. Criteria or Specific Requirement: HUD requires that security deposits be maintained in a separate bank account which is equal to or greater than the amount of security depoist liabilities. Cause: Employee turnover and staff shortages in the accounting department. Effect: The Project is not in compliance with HUD requirements. Repeat Finding: No