FAC Explorer

Audit 325281

FY End
2024-06-30
Total Expended
$4.93M
Findings
2
Programs
2
Organization: Pontiac Volunteers of America Elderly Hsg, Inc. (mcdonald Sr.) (LA)
Year: 2024 Accepted: 2024-10-21
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
503184 2024-001 - - A
1079626 2024-001 - - A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $4.63M Yes 1
14.239 Home Investment Partnerships Program $300,000 Yes 0

Contacts

Name Title Type
NRGTVDCETCL9 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
Due to a delay in assistance payments, the management agent (a releated party to the project sponsor) was forced to loan the project funds to avoid interruption in services. The management agent was not successful in getting HUD's approval for the additional funds to cover the deficit. When assistance payments were finally received, the project repaid the related party loan in the amount of $20,000.
Finding 2024-001
Due to a delay in assistance payments, the management agent (a releated party to the project sponsor) was forced to loan the project funds to avoid interruption in services. The management agent was not successful in getting HUD's approval for the additional funds to cover the deficit. When assistance payments were finally received, the project repaid the related party loan in the amount of $20,000.