FAC Explorer

Audit 316486

FY End
2023-07-31
Total Expended
$4.59M
Findings
2
Programs
2
Organization: Westhaven of Englewood, Ltd. (IL)
Year: 2023 Accepted: 2024-08-01
Auditor: Wieland Wallace INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
480252 2023-001 Material Weakness Yes C
1056694 2023-001 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.138 Mortgage Insurance_rental Housing for the Elderly $3.70M Yes 0
14.195 Section 8 Housing Assistance Payments Program $888,792 Yes 1

Contacts

Name Title Type
K6MZT25L1P32 Gregory Miller Auditee
7084444942 Paul H. Wieland Auditor
No contacts on file

Notes to SEFA

Title: OTHER FEDERAL ASSISTANCE Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal expenditures activity of Westhaven of Englewood, Ltd. FHA Project No. 071-EH536, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. During the year ended July 31, 2023, the Organization did not receive any other Federal assistance such as non-cash assistance, insurance, loans or new loan guarantees.

Finding Details

Finding 2023-001
FINDING NO. 2022-001: Section 8 Housing Assistance Payments, ALN 14.195 Condition: Surplus cash of $10,339 existing at July 31, 2022 was not deposited into the residual receipts reserve during the year ended July 31, 2022. Criteria: Surplus cash at the end of each fiscal reporting period is to be subsequently deposited into the residual receipts reserve. Effect: Noncompliance with the regulatory agreement Context: N/A Cause: Operational personnel were unaware that the transfer was necessary. Recommendation: Management should arrange to transfer the amount due to the residual receipts account as soon as possible. Operational personnel should be educated about required residual receipts deposits. Views of Responsible Officials and Planned Corrective Actions: Management agrees that the amount needs to be transferred and has done so subsequent to the current year-end.
Finding 2023-001
FINDING NO. 2022-001: Section 8 Housing Assistance Payments, ALN 14.195 Condition: Surplus cash of $10,339 existing at July 31, 2022 was not deposited into the residual receipts reserve during the year ended July 31, 2022. Criteria: Surplus cash at the end of each fiscal reporting period is to be subsequently deposited into the residual receipts reserve. Effect: Noncompliance with the regulatory agreement Context: N/A Cause: Operational personnel were unaware that the transfer was necessary. Recommendation: Management should arrange to transfer the amount due to the residual receipts account as soon as possible. Operational personnel should be educated about required residual receipts deposits. Views of Responsible Officials and Planned Corrective Actions: Management agrees that the amount needs to be transferred and has done so subsequent to the current year-end.