FAC Explorer

Audit 322645

FY End
2023-12-31
Total Expended
$5.53M
Findings
4
Programs
6
Organization: Burnet Housing Authority (TX)
Year: 2023 Accepted: 2024-09-30
Auditor: John A Blakeway CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
499790 2023-001 - - L
499791 2023-001 - - L
1076232 2023-001 - - L
1076233 2023-001 - - L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $2.58M Yes 1
10.415 Rural Rental Housing Loans $2.44M Yes 0
14.872 Public Housing Capital Fund $154,254 - 0
14.850 Public Housing Operating Fund $133,396 - 0
14.871 Emergency Housing Vouchers $133,254 Yes 1
10.427 Rural Rental Assistance Payments $90,798 - 0

Contacts

Name Title Type
DS71XMJ4AZL9 Billie Shelburn Auditee
5127564745 John Blakeway Auditor
No contacts on file

Notes to SEFA

Title: Note A - Basis of Presentation Accounting Policies: Refer to Note B, Column B, Row 3. De Minimis Rate Used: N Rate Explanation: Auditee did not use 10% de minimis cost rate. Refer to Note B, Column B, Row 3. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the PHA under programs of the federal government for the year ended December 31, 2023. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the PHA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the PHA.
Title: Note B - Significant Accounting Policies Accounting Policies: Refer to Note B, Column B, Row 3. De Minimis Rate Used: N Rate Explanation: Auditee did not use 10% de minimis cost rate. Refer to Note B, Column B, Row 3. 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. The PHA's summary of significant accounting policies is presented in Note A in the PHA's basic financial statements. The PHA has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.
Title: Note C - Federally Funded and Insured Mortgages Accounting Policies: Refer to Note B, Column B, Row 3. De Minimis Rate Used: N Rate Explanation: Auditee did not use 10% de minimis cost rate. Refer to Note B, Column B, Row 3. The mortgage balance at the beginning of the year and loans made during the year, if any, are included in the federal expenditures presented in the Schedule. The balance of the outstanding federally insured mortgage at December 31, 2023 was $ 2,442,081.

Finding Details

Finding 2023-001
2023-001 - Reporting - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: HAP expense on the FDS should agree with the amount on the VMS. Condition: HCV HAP expense reported on the VMS was $1,993,401 while the amount reported on the FDS was $2,203,229. EHV HAP expense report on the VMS was $109,031 while the amount reported on the FDS was $99,421. Cause: VMS and FDS are not being reconciled. Effect: Incorrect reporting on the VMS can have a negative impact on future funding. Questioned Costs: None. Repeat Finding: Not a repeat finding. Reccomendation: The PHA should reconcile the amounts reported on the VMS with those reported on the FDS. Response: The PHA will adjust the current year amounts on the VMS and keep future reports reconciled with the FDS.
Finding 2023-001
2023-001 - Reporting - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: HAP expense on the FDS should agree with the amount on the VMS. Condition: HCV HAP expense reported on the VMS was $1,993,401 while the amount reported on the FDS was $2,203,229. EHV HAP expense report on the VMS was $109,031 while the amount reported on the FDS was $99,421. Cause: VMS and FDS are not being reconciled. Effect: Incorrect reporting on the VMS can have a negative impact on future funding. Questioned Costs: None. Repeat Finding: Not a repeat finding. Reccomendation: The PHA should reconcile the amounts reported on the VMS with those reported on the FDS. Response: The PHA will adjust the current year amounts on the VMS and keep future reports reconciled with the FDS.
Finding 2023-001
2023-001 - Reporting - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: HAP expense on the FDS should agree with the amount on the VMS. Condition: HCV HAP expense reported on the VMS was $1,993,401 while the amount reported on the FDS was $2,203,229. EHV HAP expense report on the VMS was $109,031 while the amount reported on the FDS was $99,421. Cause: VMS and FDS are not being reconciled. Effect: Incorrect reporting on the VMS can have a negative impact on future funding. Questioned Costs: None. Repeat Finding: Not a repeat finding. Reccomendation: The PHA should reconcile the amounts reported on the VMS with those reported on the FDS. Response: The PHA will adjust the current year amounts on the VMS and keep future reports reconciled with the FDS.
Finding 2023-001
2023-001 - Reporting - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: HAP expense on the FDS should agree with the amount on the VMS. Condition: HCV HAP expense reported on the VMS was $1,993,401 while the amount reported on the FDS was $2,203,229. EHV HAP expense report on the VMS was $109,031 while the amount reported on the FDS was $99,421. Cause: VMS and FDS are not being reconciled. Effect: Incorrect reporting on the VMS can have a negative impact on future funding. Questioned Costs: None. Repeat Finding: Not a repeat finding. Reccomendation: The PHA should reconcile the amounts reported on the VMS with those reported on the FDS. Response: The PHA will adjust the current year amounts on the VMS and keep future reports reconciled with the FDS.