FAC Explorer

Audit 315316

FY End
2023-09-30
Total Expended
$3.44M
Findings
8
Programs
2
Organization: Nueces County Housing Assistance, Inc. (TX)
Year: 2023 Accepted: 2024-07-17
Auditor: Comer Nowling and Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
478682 2023-001 - Yes P
478683 2023-002 - - P
478684 2023-003 - - P
478685 2023-004 - - P
1055124 2023-001 - Yes P
1055125 2023-002 - - P
1055126 2023-003 - - P
1055127 2023-004 - - P

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.85M Yes 4
14.195 Section 8 Housing Assistance Payments Program $219,921 - 0

Contacts

Name Title Type
TLGMNCQN9T33 Susanne Kleins Auditee
2142657227 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 Cooperative failed to make the required deposit within 90 days subsequent to the end of the 2022 fiscal year into the residual receipts account.
Finding 2023-002
The Corporation’s reserve for replacement was underfunded by $1,667 for the current year. It was also determined that prior increases did not take place timely thus an additional underfunding from prior years exists for a total underfunding of $13,173.28.
Finding 2023-003
The Corporation’s tenant security deposit bank account as of September 30, 2023, did not have the required minimum amount. The amount was less than the security deposit liability.
Finding 2023-004
The prior management agent failed to provide sufficient appropriate audit evidence for testing balances on owner bank accounts, operating reserve bank account, new bank account and receipt testing for the year end.
Finding 2023-001
The Cooperative failed to make the required deposit within 90 days subsequent to the end of the 2022 fiscal year into the residual receipts account.
Finding 2023-002
The Corporation’s reserve for replacement was underfunded by $1,667 for the current year. It was also determined that prior increases did not take place timely thus an additional underfunding from prior years exists for a total underfunding of $13,173.28.
Finding 2023-003
The Corporation’s tenant security deposit bank account as of September 30, 2023, did not have the required minimum amount. The amount was less than the security deposit liability.
Finding 2023-004
The prior management agent failed to provide sufficient appropriate audit evidence for testing balances on owner bank accounts, operating reserve bank account, new bank account and receipt testing for the year end.