Audit 305290

FY End
2023-07-31
Total Expended
$10.19M
Findings
4
Programs
2
Year: 2023 Accepted: 2024-05-02

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
395673 2023-001 - - P
395674 2023-001 - - P
972115 2023-001 - - P
972116 2023-001 - - P

Programs

ALN Program Spent Major Findings
14.126 Mortgage Insurance_cooperative Projects $8.98M Yes 1
14.195 Section 8 Housing Assistance Payments Program $1.21M Yes 1

Contacts

Name Title Type
KZFKPKGNVDM6 Joe Holland Auditee
3175704358 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 audited financial statements for the year ended July 31, 2023 were not filed into the REAC system within 90 days after the year-end.
The audited financial statements for the year ended July 31, 2023 were not filed into the REAC system within 90 days after the year-end.
The audited financial statements for the year ended July 31, 2023 were not filed into the REAC system within 90 days after the year-end.
The audited financial statements for the year ended July 31, 2023 were not filed into the REAC system within 90 days after the year-end.