FAC Explorer

Audit 331160

FY End
2024-03-31
Total Expended
$886,948
Findings
2
Programs
2
Organization: Housing Authority of the City of Alamosa, Colorado (CO)
Year: 2024 Accepted: 2024-12-05
Auditor: Green & Associates LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
513210 2024-001 Material Weakness - N
1089652 2024-001 Material Weakness - N

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $648,129 Yes 1
14.872 Public Housing Capital Fund $238,819 - 0

Contacts

Name Title Type
GUMXNMBBYL37 Brian Lujan Auditee
7195896694 David Green Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Authority. All federal financial assistance received by the reporting entity directly from federal agencies, as well as federal financial assistance passed through other government agencies, is included on the schedule. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Federal financial assistance provided to sub recipients is treated as an expenditure when it is paid to the sub-recipient. The Authority passed through $0 to sub-recipients for the year then ended. The Authority uses the de minimis indirect cost rate of 10%. De Minimis Rate Used: Y Rate Explanation: DE MINIMIS COST RATE WAS USED.

Finding Details

Finding 2024-001
Current years findings: 2024 – 001: Application of Wait List Federal Program CFDA # 14.850 Operating Subsidy Type of Finding: Material Weakness in Internal Control over Compliance Condition: Management of a financial reporting entity is required to establish and maintain internal controls over compliance to ensure that they are compliant with all requirements of Federal programs. The Authority does not have a written procedure for administration of the wait list, and is not documenting admission sufficiently to determine if tenants are being admitted based on their position on the wait list. Criteria or specific requirement: The PHA must have written policies for selecting applicants from the waiting list and PHA documentation must show that the PHA follows these policies when selecting applicants for admission from the waiting list under 24 CFR section 960.206 and 960.208. Effect: By not adhering to a formal documented process, it is likely that tenants may not have been admitted into the program in a timely and orderly fashion Cause: The Organization has not documented and adhered to a formal admission process. Repeat Finding: This is not a repeat finding. Recommendation: It is recommended the Authority review all of the policies in place relating to the certification of tenants and the admittance of new tenants. It is also recommended that employees are trained on these policies and that periodic reviews are performed on tenant files to ensure compliance with policies. Views of responsible officials and planned corrective actions: There is no disagreement with the audit finding.
Finding 2024-001
Current years findings: 2024 – 001: Application of Wait List Federal Program CFDA # 14.850 Operating Subsidy Type of Finding: Material Weakness in Internal Control over Compliance Condition: Management of a financial reporting entity is required to establish and maintain internal controls over compliance to ensure that they are compliant with all requirements of Federal programs. The Authority does not have a written procedure for administration of the wait list, and is not documenting admission sufficiently to determine if tenants are being admitted based on their position on the wait list. Criteria or specific requirement: The PHA must have written policies for selecting applicants from the waiting list and PHA documentation must show that the PHA follows these policies when selecting applicants for admission from the waiting list under 24 CFR section 960.206 and 960.208. Effect: By not adhering to a formal documented process, it is likely that tenants may not have been admitted into the program in a timely and orderly fashion Cause: The Organization has not documented and adhered to a formal admission process. Repeat Finding: This is not a repeat finding. Recommendation: It is recommended the Authority review all of the policies in place relating to the certification of tenants and the admittance of new tenants. It is also recommended that employees are trained on these policies and that periodic reviews are performed on tenant files to ensure compliance with policies. Views of responsible officials and planned corrective actions: There is no disagreement with the audit finding.