FAC Explorer

Audit 341047

FY End
2024-05-31
Total Expended
$3.92M
Findings
2
Programs
2
Organization: Deliverance Manor Housing Corporation (IL)
Year: 2024 Accepted: 2025-02-03
Auditor: Wieland Wallace INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
521110 2024-001 Material Weakness - C
1097552 2024-001 Material Weakness - C

Programs

ALN Program Spent Major Findings
14.138 Mortgage Insurance_rental Housing for the Elderly $3.25M Yes 1
14.195 Section 8 Housing Assistance Payments Program $676,028 - 0

Contacts

Name Title Type
TZA6MA7DKTC6 Cheryl Wheatley Auditee
7086472826 Lindsay A. Wallace Auditor
No contacts on file

Notes to SEFA

Title: OTHER FEDERAL ASSISTANCE Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal expenditures activity of Deliverance Manor Housing Corporation FHA Project No. 071-EH500, 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. 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: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. During the year ended May 31, 2024, the Organization did not receive any other federal assistance such as non-cash assistance, insurance, loans or loan guarantees.

Finding Details

Finding 2024-001
Finding Reference Number: 2024-001 Federal Programs: Section 202 Direct Loan (CFDA 14.138) Type of Finding: Federal Award Finding Finding Resolution Status: Unresolved Criteria: Proper documentation should be maintained for all transactions. Statement of Condition: Credit card payments totaling $19,088 are not substantiated with proper receipts and credit card balances were not reconciled. Cause: Property management was paying new balances on credit card statements which included past due amounts. Accounting was not receiving details of payments and therefore potentially coding expenses to incorrect accounts. Effect or Potential Effect: Noncompliance and potential payment of duplicate or unauthorized expenses. Auditor Noncompliance Code: Cash management Questioned Costs: $19,088 Recommendation: Management should reconcile accounts and obtain source documents and receipts. Completion Date: 10/31/2024 Reporting Views of Responsible Officials: Management agrees with the finding and is continuing to implement changes to internal controls with the new property manager to assure proper documentation and reporting in the future.
Finding 2024-001
Finding Reference Number: 2024-001 Federal Programs: Section 202 Direct Loan (CFDA 14.138) Type of Finding: Federal Award Finding Finding Resolution Status: Unresolved Criteria: Proper documentation should be maintained for all transactions. Statement of Condition: Credit card payments totaling $19,088 are not substantiated with proper receipts and credit card balances were not reconciled. Cause: Property management was paying new balances on credit card statements which included past due amounts. Accounting was not receiving details of payments and therefore potentially coding expenses to incorrect accounts. Effect or Potential Effect: Noncompliance and potential payment of duplicate or unauthorized expenses. Auditor Noncompliance Code: Cash management Questioned Costs: $19,088 Recommendation: Management should reconcile accounts and obtain source documents and receipts. Completion Date: 10/31/2024 Reporting Views of Responsible Officials: Management agrees with the finding and is continuing to implement changes to internal controls with the new property manager to assure proper documentation and reporting in the future.