FAC Explorer

Audit 310501

FY End
2023-09-30
Total Expended
$1.16M
Findings
2
Programs
4
Organization: Newmarket Housing Authority (NH)
Year: 2023 Accepted: 2024-06-27
Auditor: Rhr Smith and Company

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
403369 2023-001 Material Weakness - E
979811 2023-001 Material Weakness - E

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $705,038 Yes 1
14.850 Public and Indian Housing $204,057 - 0
14.872 Public Housing Capital Fund $202,805 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $48,018 - 0

Contacts

Name Title Type
GWB7CG8WMWJ3 Barbara Hall Auditee
6036595444 Nichol Solomon Auditor
No contacts on file

Notes to SEFA

Title: Reporting Guidance 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Newmarket Housing Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards has been prepared following the guidance provided by the U.S. Department of Housing and Urban Development’s Real Estate Assessment Center (REAC).

Finding Details

Finding 2023-001
MATERIAL WEAKNESSES 2023-001- EIV Forms Federal Program Information: Housing Choice Voucher Cluster: CFDA - 14.871 Housing Choice Voucher Criteria: The following CFR(s) apply to this finding: 2 CFR 200.514(c) Condition: During audit procedures, it was identified that the Newmarket Housing Authorities' EIV forms for new tenants were not being completed. Cause: The Authority does not have the necessary internal controls over compliance. Effect: The Authority is not pulling EIV information from the website in a timely manner with any of their new tenants that have come to the unit. Identification of Questioned Costs: None identified. Context: 40 tenant files were pulled for review. This is not a statistically valid sample. Repeat Finding: This is not a repeat finding. Recommendation: It is recommended that the Newmarket Housing Authority implement internal control processes and procedures to ensure that EIV forms are done timely Views of Responsible Officials and Corrective Action Plan: Please see the Corrective Action Plan issued by the Authority.
Finding 2023-001
MATERIAL WEAKNESSES 2023-001- EIV Forms Federal Program Information: Housing Choice Voucher Cluster: CFDA - 14.871 Housing Choice Voucher Criteria: The following CFR(s) apply to this finding: 2 CFR 200.514(c) Condition: During audit procedures, it was identified that the Newmarket Housing Authorities' EIV forms for new tenants were not being completed. Cause: The Authority does not have the necessary internal controls over compliance. Effect: The Authority is not pulling EIV information from the website in a timely manner with any of their new tenants that have come to the unit. Identification of Questioned Costs: None identified. Context: 40 tenant files were pulled for review. This is not a statistically valid sample. Repeat Finding: This is not a repeat finding. Recommendation: It is recommended that the Newmarket Housing Authority implement internal control processes and procedures to ensure that EIV forms are done timely Views of Responsible Officials and Corrective Action Plan: Please see the Corrective Action Plan issued by the Authority.