FAC Explorer

Audit 309310

FY End
2023-09-30
Total Expended
$2.35M
Findings
2
Programs
3
Organization: Farmville Housing Authority (NC)
Year: 2023 Accepted: 2024-06-20
Auditor: Gregory T Redman CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
401277 2023-001 Significant Deficiency - E
977719 2023-001 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $911,261 - 0
14.872 Public Housing Capital Fund $644,960 - 0
14.182 Section 8 New Construction and Substantial Rehabilitation $623,855 Yes 0

Contacts

Name Title Type
JKYQKFJ19FT7 Wendy Ellis Auditee
2527535347 Greg Redman Auditor
No contacts on file

Notes to SEFA

Title: Note 3: Loans Oustanding Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Farmville Housing Authority under the programs of the federal government for the year ended September 30, 2023. The information in this SEFA is presented in accordance with the requirements Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Farmville Housing Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of Farmville Housing Authority. Expenditures reported in the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: no indirect costs Farmville Housing Authority had the following loan balances outstanding at September 30, 2023 for loans that the grantor/pass-through grantor has still imposed continuing compliance requirements. Loans outstanding at the beginning of the year and loans made during the year are included in the SEFA. The balance of loans outstanding at September 30, 2023 consist of: Program Title: N/C S/R Section 8 Rural Housing Loan Assistance Listing Number: 14.182 Pass-through Grantor's Number: - Amount Outstanding: 597,689

Finding Details

Finding 2023-001
Farmville Housing Authority Farmville, North Carolina Schedule of Findings and Questioned Costs For the Year Ended September 30, 2023 Section III - Federal Award Findings and Questioned Costs 2023-001 Federal Agency: U. S. Department of HUD Federal program: N/C S/R Section 8 Program ALN#: 14.182 Award Period: Type of Finding: Criteria or specific requirement: Condition: Questioned Cost: Context: Cause: Effect: Identification of a repeat finding: Recommendation: 10/1/22-9/30/23 Significant Deficiency in Internal Control over Compliance 24 CFR 880 requires internal controls to be in place to ensure compliance with HUD requirements, as well as complete and accurate tenant files. During my testing, I noted the Authority did not follow their internal controls designed to ensure compliance with tenant Eligibility requirements. $0 Testing of 25 tenant files identified an exception in 2 files as follows: • 2 files did not contain an EIV withing 1 year of the annual recertification. The Agency did not obtain all required documentation during the intake procedures. The Authority is not in compliance with requirements regarding eligibility. None I recommend that the Agency continue to review recertifications on a monthly basis to ensure the files meet eligibility and reporting requirements. Views of responsible officials and planned corrective actions: Management agrees with this finding. We have reviewed the intake procedure and will continue to review recertifications.
Finding 2023-001
Farmville Housing Authority Farmville, North Carolina Schedule of Findings and Questioned Costs For the Year Ended September 30, 2023 Section III - Federal Award Findings and Questioned Costs 2023-001 Federal Agency: U. S. Department of HUD Federal program: N/C S/R Section 8 Program ALN#: 14.182 Award Period: Type of Finding: Criteria or specific requirement: Condition: Questioned Cost: Context: Cause: Effect: Identification of a repeat finding: Recommendation: 10/1/22-9/30/23 Significant Deficiency in Internal Control over Compliance 24 CFR 880 requires internal controls to be in place to ensure compliance with HUD requirements, as well as complete and accurate tenant files. During my testing, I noted the Authority did not follow their internal controls designed to ensure compliance with tenant Eligibility requirements. $0 Testing of 25 tenant files identified an exception in 2 files as follows: • 2 files did not contain an EIV withing 1 year of the annual recertification. The Agency did not obtain all required documentation during the intake procedures. The Authority is not in compliance with requirements regarding eligibility. None I recommend that the Agency continue to review recertifications on a monthly basis to ensure the files meet eligibility and reporting requirements. Views of responsible officials and planned corrective actions: Management agrees with this finding. We have reviewed the intake procedure and will continue to review recertifications.