FAC Explorer

Audit 344136

FY End
2024-09-30
Total Expended
$2.47M
Findings
6
Programs
3
Organization: Housing and Redevelopment Authority of Austin (MN)
Year: 2024 Accepted: 2025-02-27
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524706 2024-002 Significant Deficiency - C
524707 2024-002 Significant Deficiency - C
524708 2024-002 Significant Deficiency - C
1101148 2024-002 Significant Deficiency - C
1101149 2024-002 Significant Deficiency - C
1101150 2024-002 Significant Deficiency - C

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $891,086 Yes 0
14.850 Public Housing Operating Fund $180,087 - 0
14.872 Public Housing Capital Fund $17,401 Yes 1

Contacts

Name Title Type
C6FDFWBK6Y41 Angela Maiden Auditee
5074331866 Mary Reedy Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION 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: Y Rate Explanation: The HRA has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Housing and Redevelopment Authority of Austin (the HRA) under programs of the federal government for the year ended September 30, 2024 The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 HRA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the HRA.

Finding Details

Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.
Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.
Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.
Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.
Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.
Finding 2024-002
Cash Management Federal Agency: Department of Housing and Urban Development Federal Program Name: Capital Fund Program Assistance Listing Number: 14.872 Federal Award Identification Number and Year: MN46P085501-19, MN46P085501-21 – FY2024 Award Period: October 1, 2023 – September 30, 2024 Type of Finding: Significant Deficiency in Internal Control over Compliance and Compliance, Other Matters Criteria or Specific Requirement: The HRA is required to spend draw down of funds within three business days of receiving the funds. Condition: During cash management testing, it was noted that the HRA drew down funds and did not spend them within the three day requirement. Questioned Costs: $112,280 Context: During testing, it was noted that the prior year draw down was not properly spent within the required timeframe. Cause: Oversight by management. Effect: The potential exists that the HRA loses funding. Repeat Finding: No Recommendation: We recommend that the HRA continue to evaluate their procedures and controls in place over the draw down of funds. Views of Responsible Officials: Management agrees with the finding and will continue to evaluate its processes over draw requests.