Audit 303128

FY End
2023-12-31
Total Expended
$1.14M
Findings
2
Programs
1
Organization: South Central Housing, Inc. (IN)
Year: 2023 Accepted: 2024-04-10

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
392810 2023-001 - - P
969252 2023-001 - - P

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $99,541 - 0

Contacts

Name Title Type
Y1R1YKXFTD41 Robert Jones Auditee
8123220863 Gregory Nowling Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: Reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: 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. Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited to reimbursement. Pass-through identifying numbers are presented where available.

Finding Details

The Corporation failed to make required monthly deposits into the replacement reserve account.
The Corporation failed to make required monthly deposits into the replacement reserve account.