Audit 3484

FY End
2022-12-31
Total Expended
$2.05M
Findings
2
Programs
2
Year: 2022 Accepted: 2023-11-16

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
2013 2022-001 - - P
578455 2022-001 - - P

Programs

ALN Program Spent Major Findings
14.108 Rehabilitation Mortgage Insurance $1.10M Yes 1
14.195 Section 8 Housing Assistance Payments Program $955,553 Yes 0

Contacts

Name Title Type
TCNNDK5868B3 Joe Holland Auditee
3175704358 Gregory Nowling Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: Reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: 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. Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited to reimbursement. Pass-through identifying numbers are presented where available.

Finding Details

The Cooperative did not fund the replacement reserve in the full amount required.
The Cooperative did not fund the replacement reserve in the full amount required.