FAC Explorer

Audit 344480

FY End
2024-06-30
Total Expended
$1.21M
Findings
8
Programs
1
Organization: Accessible Country Trail Ii, Inc./ Swan Creek Apts 042-Hd055 (OH)
Year: 2024 Accepted: 2025-03-03
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
525256 2024-002 Significant Deficiency - N
525257 2024-002 Significant Deficiency - N
525258 2024-003 Significant Deficiency - N
525259 2024-003 Significant Deficiency - N
1101698 2024-002 Significant Deficiency - N
1101699 2024-002 Significant Deficiency - N
1101700 2024-003 Significant Deficiency - N
1101701 2024-003 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $1.11M Yes 2

Contacts

Name Title Type
EV95VF6LLJU3 Cheryl Wilson Auditee
4192449609 Brittany Malczewski 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: N Rate Explanation: Accessible Country Trail II, Inc. dba: Swan Creek Apartments has elected not to use the 10% 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 Accessible Country Trail II, Inc. dba: Swan Creek Apartments under programs of the federal government for the year ended June 30, 2024. 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Accessible Country Trail II, Inc. dba: Swan Creek Apartments, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Accessible Country Trail II, Inc. dba: Swan Creek Apartments.

Finding Details

Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements Surplus Cash calculated in the prior year must be deposited into a separate residual receipts account within 60 days of year end. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD. Questioned costs: None Context: During our testing we noted that prior year required surplus cash was not deposited until 10/31/23, outside of the 60 day HUD timeframe. Cause: ACT II had a change in personnel in February 2024 in the accounting department and the deposit was missed due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements Surplus Cash calculated in the prior year must be deposited into a separate residual receipts account within 60 days of year end. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD. Questioned costs: None Context: During our testing we noted that prior year required surplus cash was not deposited until 10/31/23, outside of the 60 day HUD timeframe. Cause: ACT II had a change in personnel in February 2024 in the accounting department and the deposit was missed due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD.
Finding 2024-003
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Questioned costs: None Context: During our testing we noted that current year required surplus cash had not yet been deposited through December 20, 2024. Cause: The untimely deposit is due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Questioned costs: None Context: During our testing we noted that current year required surplus cash had not yet been deposited through December 20, 2024. Cause: The untimely deposit is due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements Surplus Cash calculated in the prior year must be deposited into a separate residual receipts account within 60 days of year end. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD. Questioned costs: None Context: During our testing we noted that prior year required surplus cash was not deposited until 10/31/23, outside of the 60 day HUD timeframe. Cause: ACT II had a change in personnel in February 2024 in the accounting department and the deposit was missed due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements Surplus Cash calculated in the prior year must be deposited into a separate residual receipts account within 60 days of year end. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD. Questioned costs: None Context: During our testing we noted that prior year required surplus cash was not deposited until 10/31/23, outside of the 60 day HUD timeframe. Cause: ACT II had a change in personnel in February 2024 in the accounting department and the deposit was missed due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding. Condition: During our testing, we noted that ACT II failed to make the required deposit of surplus cash that was calculated in the 2023 audited financial statements within the 60 day time frame prescribed by HUD.
Finding 2024-003
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Questioned costs: None Context: During our testing we noted that current year required surplus cash had not yet been deposited through December 20, 2024. Cause: The untimely deposit is due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Questioned costs: None Context: During our testing we noted that current year required surplus cash had not yet been deposited through December 20, 2024. Cause: The untimely deposit is due to oversight. Effect: The residual receipts account is not in compliance with HUD Residual Receipts Provisions and is underfunded. Repeat Finding: No Recommendation: We recommend the ACT II design and implement controls to prevent non- compliance with HUD requirements surrounding surplus cash deposits. Views of responsible officials: There is no disagreement with the audit finding.