FAC Explorer

Audit 332567

FY End
2024-06-30
Total Expended
$1.06M
Findings
2
Programs
2
Organization: East Pittsburgh Commons, Inc. (PA)
Year: 2024 Accepted: 2024-12-14
Auditor: McGee Maruca & Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
514303 2024-001 Material Weakness - B
1090745 2024-001 Material Weakness - B

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $1.02M Yes 1
14.195 Section 8 Housing Assistance Payments Program $40,580 - 0

Contacts

Name Title Type
C1C5AKJGXEQ8 Fay Boland Auditee
4124611322 Leslie McGee Auditor
No contacts on file

Notes to SEFA

Title: Loan Balance Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of East Pittsburgh Commons, Inc., HUD Project No. 033-HD077, under programs of the federal government for the year ended June 30, 2024. 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 financial position, changes in net assets, or cash flows of East Pittsburgh Commons, Inc. De Minimis Rate Used: N Rate Explanation: Only direct costs are charged to the federal program. Therefore, did not elact to use the 10% deminimis Capital Advance- section 811 $1,024,000

Finding Details

Finding 2024-001
Condition: The accounts payable balance did not agree to the accounts payable subledger by a diffrence of $34,422. Addtionally based on testing accounts payable were overstated by $18,972. Internal controls should be in place to accurataley record and track accounts payable. because of the failure to not adequately maintain accounts payable corresponding expenses were not preoeplry recorded.
Finding 2024-001
Condition: The accounts payable balance did not agree to the accounts payable subledger by a diffrence of $34,422. Addtionally based on testing accounts payable were overstated by $18,972. Internal controls should be in place to accurataley record and track accounts payable. because of the failure to not adequately maintain accounts payable corresponding expenses were not preoeplry recorded.