FAC Explorer

Audit 3406

FY End
2023-06-30
Total Expended
$5.27M
Findings
2
Programs
4
Organization: Kankakee County Housing Authority (IL)
Year: 2023 Accepted: 2023-11-16
Auditor: Hawkins Ash CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1982 2023-001 Significant Deficiency Yes N
578424 2023-001 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $1.50M Yes 1
14.872 Public Housing Capital Fund $722,643 Yes 0
14.896 Family Self-Sufficiency Program $50,527 - 0
14.871 Section 8 Housing Choice Vouchers $1,248 - 0

Contacts

Name Title Type
NR5QP3UEEL61 Randy McGill Auditee
8159397125 Monica Hauser Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are reported on the modified 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 Kankakee County Housing Authority has elected not to use the 10 percent de mininus indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Kankakee County Housing Authority and is presented on 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 (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the financial statements.
Title: Disclosures of Other Forms of Assistance Accounting Policies: Expenditures reported on the schedule are reported on the modified 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 Kankakee County Housing Authority has elected not to use the 10 percent de mininus indirect cost rate allowed under the Uniform Guidance. The Kankakee County Housing Authority received no federal awards of non-monetary assistance that are required to be disclosed for the fiscal year ended June 30, 2023. The Kankakee County Housing Authority had no loans or loan guarantees required to be disclosed for the fiscal year ended June 30, 2023.

Finding Details

Finding 2023-001
Item 2023-001 - Operating Budget Program: Public and Indian Housing Requirement: A budget must be developed and maintained for each Public Housing project, including analysis actual revenues and expenses. Prior to the beginning of its fiscal year, the budget must be reviewed and approved by Board resolution and submitted to HUD. Condition: The 2023 operating budget was not submitted and approved before the beginning of the fiscal year. Questioned Cost: Not applicable. Cause: The operating budget was not submitted and approved before the beginning of the fiscal year. Effect: The budget approval is not in compliance with HUD regulations. Prior Year Finding: This was not a prior year audit finding. Information: Sampling was not applicable to this finding and systematic problem. Recommendation: We recommend that the Board of Commissioners be provided with a Public Housing budget in adequate time to approve within HUD guidelines. Management’s Response: The Executive Director will start the budget process timely and present to the Board at the May meeting each year.
Finding 2023-001
Item 2023-001 - Operating Budget Program: Public and Indian Housing Requirement: A budget must be developed and maintained for each Public Housing project, including analysis actual revenues and expenses. Prior to the beginning of its fiscal year, the budget must be reviewed and approved by Board resolution and submitted to HUD. Condition: The 2023 operating budget was not submitted and approved before the beginning of the fiscal year. Questioned Cost: Not applicable. Cause: The operating budget was not submitted and approved before the beginning of the fiscal year. Effect: The budget approval is not in compliance with HUD regulations. Prior Year Finding: This was not a prior year audit finding. Information: Sampling was not applicable to this finding and systematic problem. Recommendation: We recommend that the Board of Commissioners be provided with a Public Housing budget in adequate time to approve within HUD guidelines. Management’s Response: The Executive Director will start the budget process timely and present to the Board at the May meeting each year.