FAC Explorer

Audit 332494

FY End
2023-12-31
Total Expended
$800,924
Findings
4
Programs
1
Organization: Desire Community Housing Corporation (LA)
Year: 2023 Accepted: 2024-12-13
Auditor: Luther Speight and Company CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
514245 2023-003 - - L
514246 2023-004 - - E
1090687 2023-003 - - L
1090688 2023-004 - - E

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $800,924 Yes 2

Contacts

Name Title Type
VWLDALXP8XK6 Deborah Davenport Auditee
5044164065 Luther Speight CPA Auditor
No contacts on file

Notes to SEFA

Title: Note A - Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Note B - Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. The accompanying schedule of expenditures of federal awards covers the year ended December 31, 2023.
Title: Note C - De Minimus Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate.
Title: Note D - Loan and Loan Guarantees Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. DCHC did not expend federal awards related to loans or loan guarantees during the year ended December 31, 2023. DCHC had no loans outstanding at the year-end.
Title: Note E - Federally Funded Insurance Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. DCHC has no federally funded insurance.
Title: Note F - Non-Cash Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of DCHC and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, DCHC did not elect to use the 10% de minimis cost rate. DCHC did not receive any federal noncash assistance for the year ended December 31, 2023.

Finding Details

Finding 2023-003
FINDING# 2023-003 TIMELY SUBMISSION OF FEDERAL AUDIT CLEARINGHOUSE FILING (NONCOMPLIANCE) Title and Assistance Listing Number of Federal Program: 97.036 -Disaster Grants - Public Assistance (Presidentially Declared Disasters) Compliance Requirement: Reporting Name of Federal Agency: U.S. Department of Homeland Security CRITERIA: 2 CFR requires that non-federal entities that expend $750,000 or more in a year in federal awards must submit their audited annual financial reports and the data collection form to the Federal Audit Clearinghouse within thirty (30) days after receipt of the auditor's report, or nine (9) months of the close of the auditee's fiscal year. CONDITION: DCHC did not remit the annual audited financial statements and the data collection form to the Federal Audit Clearinghouse within 9 months after year-end as required by the Uniform Guidance. CAUSE: DCHC did not submit requested audit support in a timely manner. EFFECT: DCHC is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not Applicable. RECOMMENDATION: DCHC should implement policies and procedures to ensure the timely filing of any and all required reports. MANAGEMENT'S RESPONSE: See Management's Corrective Action Plan on pages 29-30.
Finding 2023-004
FINDING# 2023-004 REPORTING FOR FEDERAL AWARDS NOT ADEQUATE Title and Assistance Listing Number of Federal Program: 97.036 -Disaster Grants - Public Assistance (Presidentially Declared Disasters) Compliance Requirement: Reporting Name of Federal Agency: U.S. Department of Homeland Security CRITERIA: The Compliance Supplement outlines certain requirements for testing compliance with major programs which include reporting. DCHC did not provide the SF-425, Federal Financial Report, which is a reporting requirement. CONDITION: DCHC could not provide the requested report to satisfy the requirement. CAUSE: DCHC did not maintain adequate reports to support federal funding received. EFFECT: DCHC is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not Applicable. RECOMMENDATION: DCHC should implement policies and procedures to ensure reporting requirements are met in accordance with the Compliance Supplement. MANAGEMENT'S RESPONSE: See Management's Corrective Action Plan on pages 29-30.
Finding 2023-003
FINDING# 2023-003 TIMELY SUBMISSION OF FEDERAL AUDIT CLEARINGHOUSE FILING (NONCOMPLIANCE) Title and Assistance Listing Number of Federal Program: 97.036 -Disaster Grants - Public Assistance (Presidentially Declared Disasters) Compliance Requirement: Reporting Name of Federal Agency: U.S. Department of Homeland Security CRITERIA: 2 CFR requires that non-federal entities that expend $750,000 or more in a year in federal awards must submit their audited annual financial reports and the data collection form to the Federal Audit Clearinghouse within thirty (30) days after receipt of the auditor's report, or nine (9) months of the close of the auditee's fiscal year. CONDITION: DCHC did not remit the annual audited financial statements and the data collection form to the Federal Audit Clearinghouse within 9 months after year-end as required by the Uniform Guidance. CAUSE: DCHC did not submit requested audit support in a timely manner. EFFECT: DCHC is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not Applicable. RECOMMENDATION: DCHC should implement policies and procedures to ensure the timely filing of any and all required reports. MANAGEMENT'S RESPONSE: See Management's Corrective Action Plan on pages 29-30.
Finding 2023-004
FINDING# 2023-004 REPORTING FOR FEDERAL AWARDS NOT ADEQUATE Title and Assistance Listing Number of Federal Program: 97.036 -Disaster Grants - Public Assistance (Presidentially Declared Disasters) Compliance Requirement: Reporting Name of Federal Agency: U.S. Department of Homeland Security CRITERIA: The Compliance Supplement outlines certain requirements for testing compliance with major programs which include reporting. DCHC did not provide the SF-425, Federal Financial Report, which is a reporting requirement. CONDITION: DCHC could not provide the requested report to satisfy the requirement. CAUSE: DCHC did not maintain adequate reports to support federal funding received. EFFECT: DCHC is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not Applicable. RECOMMENDATION: DCHC should implement policies and procedures to ensure reporting requirements are met in accordance with the Compliance Supplement. MANAGEMENT'S RESPONSE: See Management's Corrective Action Plan on pages 29-30.