FAC Explorer

Audit 324454

FY End
2024-06-30
Total Expended
$2.65M
Findings
4
Programs
1
Organization: Conroe Voa Elderly Housing, INC (camelot Pines) (VA)
Year: 2024 Accepted: 2024-10-10
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
502438 2024-001 - - C
502439 2024-002 - - N
1078880 2024-001 - - C
1078881 2024-002 - - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.65M Yes 2

Contacts

Name Title Type
RVKUZE2P5Y58 Vanessa Tran Auditee
7033415000 Bryan Beale Auditor
No contacts on file

Notes to SEFA

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. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Management inadvertently transferred an authorized replacement reserve disbursement from the residual receipts account instead of the replacement reserve account.
Finding 2024-002
Required monthly deposits to the replacment reserve are deficient in the amount of $2,631.
Finding 2024-001
Management inadvertently transferred an authorized replacement reserve disbursement from the residual receipts account instead of the replacement reserve account.
Finding 2024-002
Required monthly deposits to the replacment reserve are deficient in the amount of $2,631.