FAC Explorer

Audit 325537

FY End
2024-06-30
Total Expended
$1.61M
Findings
4
Programs
2
Organization: Virginia Street Baptist Church (IN)
Year: 2024 Accepted: 2024-10-22
Auditor: Comer Nowling and Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
503377 2024-001 - - P
503378 2024-002 - - P
1079819 2024-001 - - P
1079820 2024-002 - - P

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $558,542 - 0
14.135 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $240,000 - 0

Contacts

Name Title Type
UEWNK9TW58E3 Robert Jones Auditee
8123220863 Gregory Nowling Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: Reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: 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. Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited to reimbursement. Pass-through identifying numbers are presented where available.

Finding Details

Finding 2024-001
Out of 20 work orders, 4 work orders had taken over 30 days to complete and were not completed within a reasonable amount of time.
Finding 2024-002
Management’s internal control structure and application of internal controls was insufficient during the year ended June 30, 2024. Specifically, activity related to collecting tenant rent throughout the year.
Finding 2024-001
Out of 20 work orders, 4 work orders had taken over 30 days to complete and were not completed within a reasonable amount of time.
Finding 2024-002
Management’s internal control structure and application of internal controls was insufficient during the year ended June 30, 2024. Specifically, activity related to collecting tenant rent throughout the year.