FAC Explorer

Audit 315143

FY End
2023-03-16
Total Expended
$1.00M
Findings
2
Programs
2
Organization: Campton Methodist Housing Ii, Inc. (KY)
Year: 2023 Accepted: 2024-07-15
Auditor: Comer Nowling and Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
478431 2023-001 - - P
1054873 2023-001 - - P

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $860,863 Yes 1
14.195 Section 8 Housing Assistance Payments Program $142,617 - 0

Contacts

Name Title Type
DJ8ELL8M3LN8 Leta Swift Auditee
2702595461 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

Finding 2023-001
The Corporation’s audited financial statements for the period September 1, 2022 through March 16, 2023, were not filed into the REAC system within 90-days after period-end.
Finding 2023-001
The Corporation’s audited financial statements for the period September 1, 2022 through March 16, 2023, were not filed into the REAC system within 90-days after period-end.