FAC Explorer

Audit 302291

FY End
2023-06-30
Total Expended
$1.27M
Findings
2
Programs
1
Organization: Douglas Housing Alternatives, Inc. (OR)
Year: 2023 Accepted: 2024-04-02
Auditor: Tidwell Group

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
392122 2023-001 - - N
968564 2023-001 - - N

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $1.27M Yes 1

Contacts

Name Title Type
MQ4MLFDM8LJ1 Erin Melville Auditee
5412637686 Adam Tretinik Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies 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 OMB circular A-122, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditor used the de minimus cost rate. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB circular A-122, Cost Principles for Non-profit Organization, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Finding Details

Finding 2023-001
Corrective Action Started or in Progress Finding No. 2023-1 Statement of Condition As of December 31, 2023, the replacement reserve cash account is underfunded. Criteria The terms of the regulatory Agreement require that the replacement reserve cash account meet or exceed the required deposits of $4,417. Cause An administrative oversight in the funding of the replacement reserve cash account caused the deficiency. Questioned Costs $368 Effect The replacement reserve cash account was underfunded and therefore considered to be questioned costs. Auditor Noncompliance Code N – Reserve for Replacement Deposits Recommendations Management should deposit $368, into the replacement reserve cash account to cover the deficiency. Views of Responsible Officials Management agrees with the findings and will deposit the required amount into the security deposit cash account.
Finding 2023-001
Corrective Action Started or in Progress Finding No. 2023-1 Statement of Condition As of December 31, 2023, the replacement reserve cash account is underfunded. Criteria The terms of the regulatory Agreement require that the replacement reserve cash account meet or exceed the required deposits of $4,417. Cause An administrative oversight in the funding of the replacement reserve cash account caused the deficiency. Questioned Costs $368 Effect The replacement reserve cash account was underfunded and therefore considered to be questioned costs. Auditor Noncompliance Code N – Reserve for Replacement Deposits Recommendations Management should deposit $368, into the replacement reserve cash account to cover the deficiency. Views of Responsible Officials Management agrees with the findings and will deposit the required amount into the security deposit cash account.