Audit 299175

FY End

2023-06-30

Total Expended

$1.01M

Findings

4

Programs

1

Organization: Woodside Village, Inc. 042-Hd112 (OH)

Year: 2023 Accepted: 2024-03-28

Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
386844	2023-001	Significant Deficiency	Yes	N
386845	2023-001	Significant Deficiency	Yes	N
963286	2023-001	Significant Deficiency	Yes	N
963287	2023-001	Significant Deficiency	Yes	N

ALN	Program	Spent	Major	Findings
14.181	Supportive Housing for Persons with Disabilities	$961,100	Yes	1

Contacts

Name	Title	Type
LT3US3FMLKB5	Cheryl Wilson	Auditee
4192449609	Ken Saggese	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: 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. Basis of presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Woodside Village under programs of the federal government for the year ended June 30, 2023. 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 Woodside Village, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Woodside Village. De Minimis Rate Used: N Rate Explanation: Woodside Village, Inc. has elected not to use the ten-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001

Finding 2023-001 Criteria The finding was evaluated from the regulatory and HUD guidelines. Statement of Condition The Project did not complete a required deposit timely to the prohibited amenities escrow in 2023. Cause The deposit not being completed timely was the result of an oversight. Effect or Potential Effect The prohibited amenities escrow was underfunded by $3,971 for the year ended June 30, 2023. Reporting Views of Responsible Officials Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Recommendation We recommend management make timely required deposits to the residual receipts reserve. Response Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Repeat finding This is a repeat finding.

Finding 2023-001

Finding 2023-001 Criteria The finding was evaluated from the regulatory and HUD guidelines. Statement of Condition The Project did not complete a required deposit timely to the prohibited amenities escrow in 2023. Cause The deposit not being completed timely was the result of an oversight. Effect or Potential Effect The prohibited amenities escrow was underfunded by $3,971 for the year ended June 30, 2023. Reporting Views of Responsible Officials Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Recommendation We recommend management make timely required deposits to the residual receipts reserve. Response Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Repeat finding This is a repeat finding.

Finding 2023-001

Finding 2023-001 Criteria The finding was evaluated from the regulatory and HUD guidelines. Statement of Condition The Project did not complete a required deposit timely to the prohibited amenities escrow in 2023. Cause The deposit not being completed timely was the result of an oversight. Effect or Potential Effect The prohibited amenities escrow was underfunded by $3,971 for the year ended June 30, 2023. Reporting Views of Responsible Officials Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Recommendation We recommend management make timely required deposits to the residual receipts reserve. Response Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Repeat finding This is a repeat finding.

Finding 2023-001

Finding 2023-001 Criteria The finding was evaluated from the regulatory and HUD guidelines. Statement of Condition The Project did not complete a required deposit timely to the prohibited amenities escrow in 2023. Cause The deposit not being completed timely was the result of an oversight. Effect or Potential Effect The prohibited amenities escrow was underfunded by $3,971 for the year ended June 30, 2023. Reporting Views of Responsible Officials Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Recommendation We recommend management make timely required deposits to the residual receipts reserve. Response Management has completed the required deposit to the prohibited amenities escrow of $3,971 in September 2023. Repeat finding This is a repeat finding.