FAC Explorer

Audit 30538

FY End
2022-12-31
Total Expended
$9.82M
Findings
6
Programs
2
Organization: B'nai B'rith Covenant House of Peoria (IL)
Year: 2022 Accepted: 2023-05-15
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
29220 2022-003 - Yes N
29221 2022-003 - Yes N
29222 2022-003 - Yes N
605662 2022-003 - Yes N
605663 2022-003 - Yes N
605664 2022-003 - Yes N

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $7.29M Yes 1
14.195 Section 8 Housing Assistance Payments Program $5,388 Yes 1

Contacts

Name Title Type
HAZJMK1LK7E9 Jeff Cottingham Auditee
3096732252 Rusty Gibson Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of B'nai B'rith Covenant House of Peoria under programs of the federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of B'nai B'rith Covenant House of Peoria, it is not intended to and does not present the financial position, changes in net assets, or cash flows of B'nai B'rith Covenant House of Peoria. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 7105830.
Title: NONMONETARY ASSISTANCE Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of B'nai B'rith Covenant House of Peoria under programs of the federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of B'nai B'rith Covenant House of Peoria, it is not intended to and does not present the financial position, changes in net assets, or cash flows of B'nai B'rith Covenant House of Peoria. 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 for insurance in effect during the year. In addition, the Project did not pass through any federal grants to subrecipients.

Finding Details

Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.
Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.
Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.
Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.
Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.
Finding 2022-003
2022-003 - Underfunding the Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 8 - Lower Income Housing Assistance Program Section 8 - Special Claims Vacancy Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA #14.195 14.155 Questioned Costs: NoneCondition: The project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Criteria or Specific Requirement: HUD regulations and the regulatory agreement required deposits into the reserve for replacements of $5,706 per month from January 2022 through November 2022 and a deposit of $5,837 for December 2022.Context: The Project did not deposit the required amounts into the reserve for replacements for each month during the year ended December 31, 2022. Cause: Management oversight. Effect: The Project?s reserve for replacements was underfunded by $131 at December 31, 2022. Repeat Finding: Yes. Recommendation: Management should ensure the Project makes the required payment to the reserve for replacements on a monthly basis.