FAC Explorer

Audit 349152

FY End
2024-06-30
Total Expended
$2.79M
Findings
4
Programs
2
Organization: Huron Metropolitan Housing Authority (OH)
Year: 2024 Accepted: 2025-03-27
Auditor: Keith Faber Auditor of State of Ohio

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
538146 2024-001 Material Weakness - N
538147 2024-001 Material Weakness - N
1114588 2024-001 Material Weakness - N
1114589 2024-001 Material Weakness - N

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $2.67M Yes 1
14.879 Mainstream Vouchers $125,486 Yes 1

Contacts

Name Title Type
UBJUFHTEG823 Cyndy Frankart Auditee
4196683956 Jonathan A. Lawless, Cfe 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 Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Authority has elected not 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 Huron Metropolitan Housing Authority (the Authority) under programs of the federal government for the year ended June 30, 2024. The information on this Schedule is prepared 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 the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.

Finding Details

Finding 2024-001
Special Tests and Provisions - Depository Agreements Finding Number: 2024-001 Assistance Listing Number and Title: AL # 14.871 Section 8 Housing Choice Vouchers and AL #14.879 Mainstream Vouchers Federal Award Identification Number / Year: 2024 Federal Agency: U.S. Department of Housing and Urban Development Compliance Requirement: Special Tests and Provisions - Depository Agreements Pass-Through Entity: None Repeat Finding from Prior Audit? No Noncompliance and Material Weakness 2 CFR §1201.1 gives regulatory effect to the Department of Housing and Urban Development for 2 CFR §200 which sets forth the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 24 CFR § 982.156 states in part that all program receipts must be promptly deposited with a financial institution selected as depositary by the Authority in accordance with HUD requirements. It further states that the Authority must enter into an agreement with the depositary in the form required by HUD. Due to deficiencies in compliance with depository agreements, the Authority did not have a signed depository agreement with Park National Bank on the form required by HUD. Failure to use the HUD required form to enter into a depository agreement with Park National Bank can lead to noncompliance with program requirements and mishandling of federal funds. To prevent noncompliance and mishandling of federal funds, the Authority should enter into a depository agreement with Park National Bank using the form prescribed by HUD.
Finding 2024-001
Special Tests and Provisions - Depository Agreements Finding Number: 2024-001 Assistance Listing Number and Title: AL # 14.871 Section 8 Housing Choice Vouchers and AL #14.879 Mainstream Vouchers Federal Award Identification Number / Year: 2024 Federal Agency: U.S. Department of Housing and Urban Development Compliance Requirement: Special Tests and Provisions - Depository Agreements Pass-Through Entity: None Repeat Finding from Prior Audit? No Noncompliance and Material Weakness 2 CFR §1201.1 gives regulatory effect to the Department of Housing and Urban Development for 2 CFR §200 which sets forth the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 24 CFR § 982.156 states in part that all program receipts must be promptly deposited with a financial institution selected as depositary by the Authority in accordance with HUD requirements. It further states that the Authority must enter into an agreement with the depositary in the form required by HUD. Due to deficiencies in compliance with depository agreements, the Authority did not have a signed depository agreement with Park National Bank on the form required by HUD. Failure to use the HUD required form to enter into a depository agreement with Park National Bank can lead to noncompliance with program requirements and mishandling of federal funds. To prevent noncompliance and mishandling of federal funds, the Authority should enter into a depository agreement with Park National Bank using the form prescribed by HUD.
Finding 2024-001
Special Tests and Provisions - Depository Agreements Finding Number: 2024-001 Assistance Listing Number and Title: AL # 14.871 Section 8 Housing Choice Vouchers and AL #14.879 Mainstream Vouchers Federal Award Identification Number / Year: 2024 Federal Agency: U.S. Department of Housing and Urban Development Compliance Requirement: Special Tests and Provisions - Depository Agreements Pass-Through Entity: None Repeat Finding from Prior Audit? No Noncompliance and Material Weakness 2 CFR §1201.1 gives regulatory effect to the Department of Housing and Urban Development for 2 CFR §200 which sets forth the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 24 CFR § 982.156 states in part that all program receipts must be promptly deposited with a financial institution selected as depositary by the Authority in accordance with HUD requirements. It further states that the Authority must enter into an agreement with the depositary in the form required by HUD. Due to deficiencies in compliance with depository agreements, the Authority did not have a signed depository agreement with Park National Bank on the form required by HUD. Failure to use the HUD required form to enter into a depository agreement with Park National Bank can lead to noncompliance with program requirements and mishandling of federal funds. To prevent noncompliance and mishandling of federal funds, the Authority should enter into a depository agreement with Park National Bank using the form prescribed by HUD.
Finding 2024-001
Special Tests and Provisions - Depository Agreements Finding Number: 2024-001 Assistance Listing Number and Title: AL # 14.871 Section 8 Housing Choice Vouchers and AL #14.879 Mainstream Vouchers Federal Award Identification Number / Year: 2024 Federal Agency: U.S. Department of Housing and Urban Development Compliance Requirement: Special Tests and Provisions - Depository Agreements Pass-Through Entity: None Repeat Finding from Prior Audit? No Noncompliance and Material Weakness 2 CFR §1201.1 gives regulatory effect to the Department of Housing and Urban Development for 2 CFR §200 which sets forth the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 24 CFR § 982.156 states in part that all program receipts must be promptly deposited with a financial institution selected as depositary by the Authority in accordance with HUD requirements. It further states that the Authority must enter into an agreement with the depositary in the form required by HUD. Due to deficiencies in compliance with depository agreements, the Authority did not have a signed depository agreement with Park National Bank on the form required by HUD. Failure to use the HUD required form to enter into a depository agreement with Park National Bank can lead to noncompliance with program requirements and mishandling of federal funds. To prevent noncompliance and mishandling of federal funds, the Authority should enter into a depository agreement with Park National Bank using the form prescribed by HUD.