FAC Explorer

Audit 31072

FY End
2022-06-30
Total Expended
$70.22M
Findings
2
Programs
11
Organization: South Dakota Housing Development Authority (SD)
Year: 2022 Accepted: 2022-10-30
Auditor: Eide Bailly LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34894 2022-001 Significant Deficiency - L
611336 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
14.182 Section 8 New Construction and Substantial Rehabilitation $28.12M - 0
21.023 Emergency Rental Assistance Program $27.90M Yes 1
14.239 Home Investment Partnerships Program $4.24M - 0
21.019 Coronavirus Relief Fund $3.45M - 0
14.231 Emergency Solutions Grant Program $2.74M - 0
14.275 Housing Trust Fund $2.15M Yes 0
21.026 Homeowner Assistance Fund $510,941 - 0
14.267 Continuum of Care Program $306,036 - 0
14.326 Project Rental Assistance Demonstration (pra Demo) Program of Section 811 Supportive Housing for Persons with Disabilities $117,653 - 0
14.169 Housing Counseling Assistance Program $60,501 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $5,519 - 0

Contacts

Name Title Type
NQW1BHKPK8U3 Todd Hight Auditee
6057735665 Tara Engquist Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Note B - Significant Accounting PoliciesExpenditures reported in the schedule are reported on the modified accrual basis of accounting, except forsubrecipient expenditures, which are recorded on the cash basis. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowableor are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Note C Indirect Cost RateThe Authority has not elected to use the 10% de minimis cost rate. Note A Basis of PresentationThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Authority under programs of the federal government for the year ended June 30, 2022. The information 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Authority it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority.

Finding Details

Finding 2022-001
2022-001 U.S. Department of Treasury CFDA # 21.023, 2021 Award Year, Award Number: Not Provided COVID-19 Emergency Rental Assistance Program (ERA) Reporting Significant Deficiency in Internal Controls Criteria: Monthly and quarterly reports are required by Department of Treasury for ERA. Condition: There was no documented control in place for review of reports prior to submission. Cause: Information for reports was provided by a different person who does not complete the submission, so a review process was not implemented over reporting. Effect: Inaccurate information could have been reported or lines with required information could have been missed. Questioned Costs: None. Context/Sampling: For ERA1, we tested 2 of the 4 quarterly reports and 3 of the 12 monthly reports required for fiscal year 2022. For ERA2, we tested 2 of the 4 quarterly reports and 3 of the 12 monthly reports required for fiscal year 2022. Repeat Finding from Prior Year(s): No Recommendation: We recommend a documented review process be implemented prior to report submission to ensure all lines are properly entered and agree to the applicable backup. Views of Responsible Officials: Management agrees with the finding.
Finding 2022-001
2022-001 U.S. Department of Treasury CFDA # 21.023, 2021 Award Year, Award Number: Not Provided COVID-19 Emergency Rental Assistance Program (ERA) Reporting Significant Deficiency in Internal Controls Criteria: Monthly and quarterly reports are required by Department of Treasury for ERA. Condition: There was no documented control in place for review of reports prior to submission. Cause: Information for reports was provided by a different person who does not complete the submission, so a review process was not implemented over reporting. Effect: Inaccurate information could have been reported or lines with required information could have been missed. Questioned Costs: None. Context/Sampling: For ERA1, we tested 2 of the 4 quarterly reports and 3 of the 12 monthly reports required for fiscal year 2022. For ERA2, we tested 2 of the 4 quarterly reports and 3 of the 12 monthly reports required for fiscal year 2022. Repeat Finding from Prior Year(s): No Recommendation: We recommend a documented review process be implemented prior to report submission to ensure all lines are properly entered and agree to the applicable backup. Views of Responsible Officials: Management agrees with the finding.