FAC Explorer

Audit 32593

FY End
2022-12-31
Total Expended
$1.49M
Findings
2
Programs
3
Organization: Baptist Educational and Missionary Services, Inc.054-Eh131-Wah-L8 (SC)
Year: 2022 Accepted: 2023-04-04
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
36691 2022-001 Significant Deficiency - N
613133 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly - Balance of Mortgage Loan As of January 1, 2022, Under Section 202 of the Housing Act of 1959 $1.04M Yes 1
14.195 Section 8 Housing Assistance Payments $365,732 - 0
14.191 Multifamily Housing Service Coordinator $76,575 - 0

Contacts

Name Title Type
NW7SGVVEBSE8 Brent Dunlap Auditee
8644385085 Michael L. Turner Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR THE ELDERLY - BALANCE OF MORTGAGE LOAN AS OF JANUARY 1, 2022, UNDER SECTION 202 OF THE HOUSING ACT OF 1959 (14.157) - Balances outstanding at the end of the audit period were 966476.

Finding Details

Finding 2022-001
Finding reference number: #2022-001 Assistance Listing No. title and number (federal award identification number and year): Supportive Housing for the Elderly (Assistance Listing No. 14.157, 2022) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution status: Unresolved Universe population size: 12 months of deposits to the reserve for replacement Sample size information: 12 months of deposits to the reserve for replacement Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $3,846 Statement of condition #2022-001: At December 31, 2022, deposits to the reserve for replacements account of $3,846 had not been made. Criteria: Pursuant to item 10(b) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $3,846. At December 31, 2022, $3,846 of the required deposits had not been made. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $3,846 at December 31, 2022. Cause: Management oversight. Recommendation: Management should transfer $3,846 from the operating account to the reserve for replacements account. Completion date: March 22, 2023. Reporting views of responsible officials: Management concurs with the finding and recommendation and transferred $3,846 on March 22, 2023 to the reserve for replacements account.
Finding 2022-001
Finding reference number: #2022-001 Assistance Listing No. title and number (federal award identification number and year): Supportive Housing for the Elderly (Assistance Listing No. 14.157, 2022) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution status: Unresolved Universe population size: 12 months of deposits to the reserve for replacement Sample size information: 12 months of deposits to the reserve for replacement Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $3,846 Statement of condition #2022-001: At December 31, 2022, deposits to the reserve for replacements account of $3,846 had not been made. Criteria: Pursuant to item 10(b) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $3,846. At December 31, 2022, $3,846 of the required deposits had not been made. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $3,846 at December 31, 2022. Cause: Management oversight. Recommendation: Management should transfer $3,846 from the operating account to the reserve for replacements account. Completion date: March 22, 2023. Reporting views of responsible officials: Management concurs with the finding and recommendation and transferred $3,846 on March 22, 2023 to the reserve for replacements account.