FAC Explorer

Audit 336840

FY End
2022-03-31
Total Expended
$7.25M
Findings
2
Programs
5
Organization: Glens Falls Housing Authority (NY)
Year: 2022 Accepted: 2025-01-09
Auditor: Buel CPA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
518446 2022-001 - - L
1094888 2022-001 - - L

Programs

ALN Program Spent Major Findings
14.267 Continuum of Care Program $312,211 - 0
14.872 Public Housing Capital Fund $285,595 - 0
14.850 Public and Indian Housing $276,834 - 0
14.879 Mainstream Vouchers $141,973 Yes 0
14.871 Section 8 Housing Choice Vouchers $63,836 - 0

Contacts

Name Title Type
GDZNHKS3FAJ6 Cherie Kory Auditee
5189558026 Patrick D Buel Auditor
No contacts on file

Notes to SEFA

Title: SUBRECIPIENTS Accounting Policies: NOTE 1 BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes federal award activity of the Glens Falls Housing Authority under programs of the federal government for the year ended March 31, 2022. 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 of Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Glens Falls Housing Authority, it is not intended to and does not present financial position, change in net assets, or cash flows of the Glens Falls Housing Authority. NOTE 2 SUMMARY OF SIGNIFICANT 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. De Minimis Rate Used: N Rate Explanation: The programs being administered are not condusive to the de minimis cost rate. No awards were passed through to subrecipients.

Finding Details

Finding 2022-001
Finding #2022-001 Prior Year Reporting Package and Data Collection Form Not Filed Timely: Statement of Condition – The Glens Falls Housing Authority’s March 31, 2021 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time due to delays in completing the audit. Criteria – Sec. 200.512 of the Uniform Guidance requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for audit. Cause of Condition – Late filing of the Authority’s Unaudited REAC submission due to RAD conversion issues, and the relocation of the authority office, caused delays in the preparation of the financial statements. This was further complicated by continued COVID-19 issues and on-going construction work related to the RAD conversion. Accordingly, the audit and corresponding reporting package filing was not completed timely. Effect of Condition – The effect is that the Housing Authority would not be considered a “Low Risk Auditee” for at least the fiscal years ending March 31, 2022 and March 31, 2023. This designation will require the auditor to audit at least 40% of the Housing Authority’s programs as Major programs until such time that the Housing Authority may be considered a “Low Risk Auditee” again. Recommendation – We recommend that management implement procedures to ensure that the reporting package and data collection form is filed timely.
Finding 2022-001
Finding #2022-001 Prior Year Reporting Package and Data Collection Form Not Filed Timely: Statement of Condition – The Glens Falls Housing Authority’s March 31, 2021 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time due to delays in completing the audit. Criteria – Sec. 200.512 of the Uniform Guidance requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for audit. Cause of Condition – Late filing of the Authority’s Unaudited REAC submission due to RAD conversion issues, and the relocation of the authority office, caused delays in the preparation of the financial statements. This was further complicated by continued COVID-19 issues and on-going construction work related to the RAD conversion. Accordingly, the audit and corresponding reporting package filing was not completed timely. Effect of Condition – The effect is that the Housing Authority would not be considered a “Low Risk Auditee” for at least the fiscal years ending March 31, 2022 and March 31, 2023. This designation will require the auditor to audit at least 40% of the Housing Authority’s programs as Major programs until such time that the Housing Authority may be considered a “Low Risk Auditee” again. Recommendation – We recommend that management implement procedures to ensure that the reporting package and data collection form is filed timely.