FAC Explorer

Audit 34742

FY End
2022-12-31
Total Expended
$927,113
Findings
2
Programs
6
Organization: The Beacon of Downtown Houston (TX)
Year: 2022 Accepted: 2023-07-19
Auditor: Blazek & Vetterling

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34035 2022-001 - - P
610477 2022-001 - - P

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $420,827 Yes 1
21.023 Emergency Rental Assistance Program $272,737 - 0
14.218 Community Development Block Grants/entitlement Grants $113,970 - 0
14.267 Continuum of Care Program $88,597 - 0
97.024 Emergency Food and Shelter National Board Program $27,257 - 0
14.231 Emergency Solutions Grant Program $3,725 - 0

Contacts

Name Title Type
R1HDYYVCMN56 Becky Landes Auditee
7132209756 Mimi Holt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of presentation The schedule of expenditures of federal awards is prepared 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). Federal expenditures include allowable costs funded by federal grants. Allowable costs are subject to the cost principles of the Uniform Guidance and the U. S. Department of the Treasury and include costs that are recognized as expenses in The Beacons financial statements in conformity with generally accepted accounting principles. The Beacon has elected not to use the 10% de minimis cost rate for indirect costs and does not have any subrecipients.Because the schedule presents only a selected portion of the operations of The Beacon, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Beacon. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Finding #2022-001 ? Other Noncompliance Applicable federal program: U. S. Department of the Treasury Passed through Coalition for the Homeless of Houston/Harris County Coronavirus State and Local Fiscal Recovery Funds Assistance Listing #21.027 Contract #: 967571915 Contract year: 09/01/21 ? 08/31/22 Criteria: Section BB of The Beacon?s subgrantee contract requires The Beacon to maintain adequate fidelity bond coverage as set forth in 10 TAC ?1.406. Condition and context: The Beacon failed to obtain fidelity bond coverage. Cause: The Beacon did not maintain fidelity bond coverage required by the contract. Effect: Financial losses could be incurred without adequate coverage. Recommendation: Ensure The Beacon identifies and complies with all contract provisions. Views of responsible officers and planned corrective action: Management agrees with the finding. See Corrective Action Plan.
Finding 2022-001
Finding #2022-001 ? Other Noncompliance Applicable federal program: U. S. Department of the Treasury Passed through Coalition for the Homeless of Houston/Harris County Coronavirus State and Local Fiscal Recovery Funds Assistance Listing #21.027 Contract #: 967571915 Contract year: 09/01/21 ? 08/31/22 Criteria: Section BB of The Beacon?s subgrantee contract requires The Beacon to maintain adequate fidelity bond coverage as set forth in 10 TAC ?1.406. Condition and context: The Beacon failed to obtain fidelity bond coverage. Cause: The Beacon did not maintain fidelity bond coverage required by the contract. Effect: Financial losses could be incurred without adequate coverage. Recommendation: Ensure The Beacon identifies and complies with all contract provisions. Views of responsible officers and planned corrective action: Management agrees with the finding. See Corrective Action Plan.