FAC Explorer

Audit 320917

FY End
2024-03-31
Total Expended
$2.00M
Findings
2
Programs
2
Organization: Sullivan Housing Authority (IN)
Year: 2024 Accepted: 2024-09-25
Auditor: Audit Solutions LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
498175 2024-002 Significant Deficiency - N
1074617 2024-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.872 Public Housing Capital Fund $1.00M - 0
14.850 Public and Indian Housing $999,672 Yes 1

Contacts

Name Title Type
QNYXXJN5LMT9 Erica Crawley Auditee
8122684600 Shoaib Khar Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Housing Authority of the City of Sullivan, Indiana (Authority) under programs of the federal government for the year ended March 31, 2024. 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 of 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. NOTE 2 – SUMMARY OF SIGNIFICANT 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.NOTE 3 – SOURCES OF FUNDING The schedule includes all grants and contracts entered into directly between the Authority and agencies and departments of the federal government, as well as federal funds passed through to the Authority by primary recipients. The Authority provided no part of its direct grant federal dollars to sub-recipients. NOTE 4 – SUB-RECIPIENTS There were no sub-recipients for the year ended March 31, 2024. De Minimis Rate Used: N Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-002
Criteria: The Authority should take the steps necessary to ensure accuracy and completeness of the financial statements. Condition: This audit required a number of significant adjusting journal entries. These entries were necessary because certain unadjusted general ledger accounts were incorrect and/or not recorded correctly. Questioned Costs: None noted. Effect: The PHA’s financial statements before any adjusting entries contained errors and/or were not properly recorded. Cause: This appears to be an oversight by the Authority. Recommendation: I recommend that the Authority exercise more care in processing and recording transactions and that more care be taken to ensure the completeness of financial reporting. Management’s Response: First and foremost, I, Erica Crawley, apologize for these careless oversights on the accounts that are needing adjustments. I have never had this many or seriousness of adjustments in the last 12 years that I have been doing this job. The Sullivan Housing Authority has had more going on this last year, particularly around the time I was working on closing the books for fiscal year end 3/31/2024. I understand that there is no acceptable excuse for these oversights, but I have been taking notes during the audit so this will not happen again. As of today, September 19, 2024, I have been in contact with our fee accountant about adding additional services to our contract
Finding 2024-002
Criteria: The Authority should take the steps necessary to ensure accuracy and completeness of the financial statements. Condition: This audit required a number of significant adjusting journal entries. These entries were necessary because certain unadjusted general ledger accounts were incorrect and/or not recorded correctly. Questioned Costs: None noted. Effect: The PHA’s financial statements before any adjusting entries contained errors and/or were not properly recorded. Cause: This appears to be an oversight by the Authority. Recommendation: I recommend that the Authority exercise more care in processing and recording transactions and that more care be taken to ensure the completeness of financial reporting. Management’s Response: First and foremost, I, Erica Crawley, apologize for these careless oversights on the accounts that are needing adjustments. I have never had this many or seriousness of adjustments in the last 12 years that I have been doing this job. The Sullivan Housing Authority has had more going on this last year, particularly around the time I was working on closing the books for fiscal year end 3/31/2024. I understand that there is no acceptable excuse for these oversights, but I have been taking notes during the audit so this will not happen again. As of today, September 19, 2024, I have been in contact with our fee accountant about adding additional services to our contract