FAC Explorer

Audit 343211

FY End
2024-06-30
Total Expended
$1.52M
Findings
2
Programs
3
Organization: Housing Authority of the City of Green Bay (WI)
Year: 2024 Accepted: 2025-02-20
Auditor: Hawkins Ash CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524026 2024-002 Material Weakness - C
1100468 2024-002 Material Weakness - C

Programs

ALN Program Spent Major Findings
14.872 Public Housing Capital Fund $1.04M Yes 1
14.850 Public Housing Operating Fund $398,960 - 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $78,567 - 0

Contacts

Name Title Type
HFHMG92PWNR8 Stephanie Schmutzer Auditee
9204483409 Joseph Haas 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 auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of the City of Green Bay 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: Disclosure 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 auditee did not use the de minimis cost rate. The Housing Authority of the City of Green Bay received no federal awards of non-monetary assistance that are required to be disclosed for the fiscal year ended June 30, 2024. The Housing Authority of the City of Green Bay had no loans or loan guarantees required to be disclosed for the fiscal year ended June 30, 2024.

Finding Details

Finding 2024-002
Item 2024-002 - Capital Fund Drawn not Expended in Three Days Program: 14.872 - Capital Funds Criteria: 2 CFR 200.305 requires PHAs to minimize the time federal funds are drawn down to expenditure. The Capital Fund Program provides guidelines of three business days from draw down to expenditure to minimize the interest accrued by the PHA. 24 CFR 905.310 states the PHA shall initiate a fund requisition from HUD only when funds are due and payable, unless HUD approves another payment schedule as authorized by 2 CFR 200.305. Condition: The Housing Authority had drawn down Capital Funds and did not expend within three days. Cause: The Housing Authority was not aware that Capital Funds drawn needed to be expended within three days. Questioned Costs: Not applicable. Effect: The Housing Authority is not in compliance with cash management requirements. Prior Year Finding: N/A Information: Isolated instance. Recommendation: It is recommended that the Housing Authority implements appropriate controls over voucher draws to ensure compliance with Public Housing Capital Fund cash management requirements. Management’s Response: Management concurs with the recommendation to implement timely LOCCS fundings that coincides with our normal accounting cycle and when directed by HUD to circumvent the rules to get that in writing not just verbal.
Finding 2024-002
Item 2024-002 - Capital Fund Drawn not Expended in Three Days Program: 14.872 - Capital Funds Criteria: 2 CFR 200.305 requires PHAs to minimize the time federal funds are drawn down to expenditure. The Capital Fund Program provides guidelines of three business days from draw down to expenditure to minimize the interest accrued by the PHA. 24 CFR 905.310 states the PHA shall initiate a fund requisition from HUD only when funds are due and payable, unless HUD approves another payment schedule as authorized by 2 CFR 200.305. Condition: The Housing Authority had drawn down Capital Funds and did not expend within three days. Cause: The Housing Authority was not aware that Capital Funds drawn needed to be expended within three days. Questioned Costs: Not applicable. Effect: The Housing Authority is not in compliance with cash management requirements. Prior Year Finding: N/A Information: Isolated instance. Recommendation: It is recommended that the Housing Authority implements appropriate controls over voucher draws to ensure compliance with Public Housing Capital Fund cash management requirements. Management’s Response: Management concurs with the recommendation to implement timely LOCCS fundings that coincides with our normal accounting cycle and when directed by HUD to circumvent the rules to get that in writing not just verbal.