FAC Explorer

Audit 328245

FY End
2023-06-30
Total Expended
$12.83M
Findings
4
Programs
1
Organization: Diocesan Housing Services Corporation of the Diocese of Camden, Inc. (NJ)
Year: 2023 Accepted: 2024-11-13
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
505554 2023-002 Material Weakness - L
505555 2023-002 Material Weakness - L
1081996 2023-002 Material Weakness - L
1081997 2023-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $10.58M Yes 1

Contacts

Name Title Type
WDZ2G4KYRZE5 Robert Waite Auditee
8563424186 Jason Rocker Auditor
No contacts on file

Notes to SEFA

Title: Note 1 - Basis of presentation 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. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated and Subsidiaries (collectively, the "Organization") under programs of the federal government for the year ended June 30, 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 Organization, it is not intended to and does not present the consolidated and combined financial position, changes in net assets, or cash flows of the Organization.
Title: Note 2 - Summary of significant accounting policies 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. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. 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. Passthrough entity identifying numbers are presented where available.`
Title: Note 3 - Indirect cost rate 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. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Note 4 - Loan and loan guarantee programs 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. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Diocesan Housing Services Corporation of the Diocese of Camden, Incorporated has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule. The balance of the loans outstanding at June 30, 2023 consists of:

Finding Details

Finding 2023-002
Section III - Federal Awards Findings and Questioned Costs Finding 2023-002 Inaccurate Schedule of Expenditures of Federal Awards ("SEFA") (Material Weakness) Assistance Listing Number 14.157 - Supportive Housing for the Elderly (Section 202) Compliance requirements: Reporting Criteria: In accordance with 2 CFR part 200, Subpart F, the Organization is required to prepare a SEFA for the period covered by the auditee's consolidated and combined financial statements. At a minimum, the schedule shall:  List all individual Federal programs by Federal agency.  Include the name of the pass-through entity and the identifying number assigned by the passthrough entity for all Federal funds expended as a subrecipient.  Provide the total Federal awards expended for each individual Federal program and the Assistance Listing Number or other identifying number when the Assistance Listing Number information is not available.  Identify to the extent practical, the total amount provided to subrecipients from each Federal program for Federal awards received as a pass-through entity.  The Organization's processes over identifying federally funded grants and confirming federal funds did not include Federal loans, which resulted in delays in preparing a complete SEFA. Condition: During our testing, we noted that the Organization did not properly identify federal funding and applicable reporting requirements. Cause: Internal controls over the accurate preparation and completeness of the SEFA were not operating effectively or in a timely manner. Effect of potential effect: Improper SEFA and delays in identifying whether an award is federally funded could result in errors in accounting, disallowed costs, and noncompliance with Uniform Guidance requirements. Identification as a repeat finding: No. Questioned costs: $0. Context: Management did not provide a timely and complete SEFA as supporting documentation for the reporting requirements. Recommendation: We recommend that the Organization strengthen its policies and procedures for the identification of Federal awards and ensure preparation of a complete and accurate SEFA is performed in a timely manner and in accordance with the requirements of Office of Management and Budget. Views of responsible officials: Management is in the process of implementing compliance procedures that include obtaining confirmation from the federal agencies to ensure the complete and accurate preparation and presentation of the SEFA.
Finding 2023-002
Section III - Federal Awards Findings and Questioned Costs Finding 2023-002 Inaccurate Schedule of Expenditures of Federal Awards ("SEFA") (Material Weakness) Assistance Listing Number 14.157 - Supportive Housing for the Elderly (Section 202) Compliance requirements: Reporting Criteria: In accordance with 2 CFR part 200, Subpart F, the Organization is required to prepare a SEFA for the period covered by the auditee's consolidated and combined financial statements. At a minimum, the schedule shall:  List all individual Federal programs by Federal agency.  Include the name of the pass-through entity and the identifying number assigned by the passthrough entity for all Federal funds expended as a subrecipient.  Provide the total Federal awards expended for each individual Federal program and the Assistance Listing Number or other identifying number when the Assistance Listing Number information is not available.  Identify to the extent practical, the total amount provided to subrecipients from each Federal program for Federal awards received as a pass-through entity.  The Organization's processes over identifying federally funded grants and confirming federal funds did not include Federal loans, which resulted in delays in preparing a complete SEFA. Condition: During our testing, we noted that the Organization did not properly identify federal funding and applicable reporting requirements. Cause: Internal controls over the accurate preparation and completeness of the SEFA were not operating effectively or in a timely manner. Effect of potential effect: Improper SEFA and delays in identifying whether an award is federally funded could result in errors in accounting, disallowed costs, and noncompliance with Uniform Guidance requirements. Identification as a repeat finding: No. Questioned costs: $0. Context: Management did not provide a timely and complete SEFA as supporting documentation for the reporting requirements. Recommendation: We recommend that the Organization strengthen its policies and procedures for the identification of Federal awards and ensure preparation of a complete and accurate SEFA is performed in a timely manner and in accordance with the requirements of Office of Management and Budget. Views of responsible officials: Management is in the process of implementing compliance procedures that include obtaining confirmation from the federal agencies to ensure the complete and accurate preparation and presentation of the SEFA.
Finding 2023-002
Section III - Federal Awards Findings and Questioned Costs Finding 2023-002 Inaccurate Schedule of Expenditures of Federal Awards ("SEFA") (Material Weakness) Assistance Listing Number 14.157 - Supportive Housing for the Elderly (Section 202) Compliance requirements: Reporting Criteria: In accordance with 2 CFR part 200, Subpart F, the Organization is required to prepare a SEFA for the period covered by the auditee's consolidated and combined financial statements. At a minimum, the schedule shall:  List all individual Federal programs by Federal agency.  Include the name of the pass-through entity and the identifying number assigned by the passthrough entity for all Federal funds expended as a subrecipient.  Provide the total Federal awards expended for each individual Federal program and the Assistance Listing Number or other identifying number when the Assistance Listing Number information is not available.  Identify to the extent practical, the total amount provided to subrecipients from each Federal program for Federal awards received as a pass-through entity.  The Organization's processes over identifying federally funded grants and confirming federal funds did not include Federal loans, which resulted in delays in preparing a complete SEFA. Condition: During our testing, we noted that the Organization did not properly identify federal funding and applicable reporting requirements. Cause: Internal controls over the accurate preparation and completeness of the SEFA were not operating effectively or in a timely manner. Effect of potential effect: Improper SEFA and delays in identifying whether an award is federally funded could result in errors in accounting, disallowed costs, and noncompliance with Uniform Guidance requirements. Identification as a repeat finding: No. Questioned costs: $0. Context: Management did not provide a timely and complete SEFA as supporting documentation for the reporting requirements. Recommendation: We recommend that the Organization strengthen its policies and procedures for the identification of Federal awards and ensure preparation of a complete and accurate SEFA is performed in a timely manner and in accordance with the requirements of Office of Management and Budget. Views of responsible officials: Management is in the process of implementing compliance procedures that include obtaining confirmation from the federal agencies to ensure the complete and accurate preparation and presentation of the SEFA.
Finding 2023-002
Section III - Federal Awards Findings and Questioned Costs Finding 2023-002 Inaccurate Schedule of Expenditures of Federal Awards ("SEFA") (Material Weakness) Assistance Listing Number 14.157 - Supportive Housing for the Elderly (Section 202) Compliance requirements: Reporting Criteria: In accordance with 2 CFR part 200, Subpart F, the Organization is required to prepare a SEFA for the period covered by the auditee's consolidated and combined financial statements. At a minimum, the schedule shall:  List all individual Federal programs by Federal agency.  Include the name of the pass-through entity and the identifying number assigned by the passthrough entity for all Federal funds expended as a subrecipient.  Provide the total Federal awards expended for each individual Federal program and the Assistance Listing Number or other identifying number when the Assistance Listing Number information is not available.  Identify to the extent practical, the total amount provided to subrecipients from each Federal program for Federal awards received as a pass-through entity.  The Organization's processes over identifying federally funded grants and confirming federal funds did not include Federal loans, which resulted in delays in preparing a complete SEFA. Condition: During our testing, we noted that the Organization did not properly identify federal funding and applicable reporting requirements. Cause: Internal controls over the accurate preparation and completeness of the SEFA were not operating effectively or in a timely manner. Effect of potential effect: Improper SEFA and delays in identifying whether an award is federally funded could result in errors in accounting, disallowed costs, and noncompliance with Uniform Guidance requirements. Identification as a repeat finding: No. Questioned costs: $0. Context: Management did not provide a timely and complete SEFA as supporting documentation for the reporting requirements. Recommendation: We recommend that the Organization strengthen its policies and procedures for the identification of Federal awards and ensure preparation of a complete and accurate SEFA is performed in a timely manner and in accordance with the requirements of Office of Management and Budget. Views of responsible officials: Management is in the process of implementing compliance procedures that include obtaining confirmation from the federal agencies to ensure the complete and accurate preparation and presentation of the SEFA.