FAC Explorer

Audit 351017

FY End
2024-12-31
Total Expended
$1.63M
Findings
8
Programs
1
Organization: Haley's Park, Inc. 086-Hd033 (TN)
Year: 2024 Accepted: 2025-03-31
Auditor: Cherry Bekaert LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
544370 2024-001 - - C
544371 2024-002 - - N
544372 2024-001 - - C
544373 2024-002 - - N
1120812 2024-001 - - C
1120813 2024-002 - - N
1120814 2024-001 - - C
1120815 2024-002 - - N

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $60,453 Yes 2

Contacts

Name Title Type
YKESKDDWLNY7 David Dempsey Auditee
6157723859 Jeff Fox Auditor
No contacts on file

Notes to SEFA

Title: Note 1—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: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to the awards included in the Schedule. The Schedule of Expenditures of Federal Awards (the “Schedule”) is prepared on the accrual basis of accounting. The information in the 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 Haley’s Park, Inc. (the “Organization”), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 3—Capital advance 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: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to the awards included in the Schedule. The capital advance in the amount of $1,568,200 was received for the construction of the property. The advance was received in 2006 and 2007 through a series of draws under a minimum capital advance agreement with the U.S. Department of Housing and Urban Development.

Finding Details

Finding 2024-001
2024-001 – Nonmaterial Noncompliance Over Cash Management Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Housing Assistance Payments (“HAP Vouchers”) are required to be submitted to the Department of Housing and Urban Development (“HUD”) by the 10th day of the month prior to which the funding relates to. Condition and Context: During our testing of compliance, we identified that for all samples (two) selected for testing, Haley’s Park was submitting HAP Vouchers approximately 30 days late. Questioned Costs: None noted. Cause: Haley’s Park changed housing management software during the year and the timing of the HAP Voucher submission was not appropriately entered into the system. Effect: Failure to submit HAP Vouchers timely as outlined in the Uniform Administrative Requirements could result in the funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure HAP Vouchers are submitted to HUD within the prescribed timeframe above. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-002
2024-002 – Nonmaterial Noncompliance Over Special Tests Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Reserve deposits are required to be made monthly at a predetermined rate. Condition and Context: During our testing of compliance, we identified that reserve deposits had not been made timely. Questioned Costs: None noted. Cause: Haley’s Park experienced turnover within the accounting function that resulted in these deposits being overlooked. Effect: Failure to make reserve deposits as outlined in the Uniform Administrative Requirements could result in the rental assistance funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure reserve deposits compliance requirements are being maintained. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-001
2024-001 – Nonmaterial Noncompliance Over Cash Management Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Housing Assistance Payments (“HAP Vouchers”) are required to be submitted to the Department of Housing and Urban Development (“HUD”) by the 10th day of the month prior to which the funding relates to. Condition and Context: During our testing of compliance, we identified that for all samples (two) selected for testing, Haley’s Park was submitting HAP Vouchers approximately 30 days late. Questioned Costs: None noted. Cause: Haley’s Park changed housing management software during the year and the timing of the HAP Voucher submission was not appropriately entered into the system. Effect: Failure to submit HAP Vouchers timely as outlined in the Uniform Administrative Requirements could result in the funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure HAP Vouchers are submitted to HUD within the prescribed timeframe above. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-002
2024-002 – Nonmaterial Noncompliance Over Special Tests Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Reserve deposits are required to be made monthly at a predetermined rate. Condition and Context: During our testing of compliance, we identified that reserve deposits had not been made timely. Questioned Costs: None noted. Cause: Haley’s Park experienced turnover within the accounting function that resulted in these deposits being overlooked. Effect: Failure to make reserve deposits as outlined in the Uniform Administrative Requirements could result in the rental assistance funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure reserve deposits compliance requirements are being maintained. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-001
2024-001 – Nonmaterial Noncompliance Over Cash Management Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Housing Assistance Payments (“HAP Vouchers”) are required to be submitted to the Department of Housing and Urban Development (“HUD”) by the 10th day of the month prior to which the funding relates to. Condition and Context: During our testing of compliance, we identified that for all samples (two) selected for testing, Haley’s Park was submitting HAP Vouchers approximately 30 days late. Questioned Costs: None noted. Cause: Haley’s Park changed housing management software during the year and the timing of the HAP Voucher submission was not appropriately entered into the system. Effect: Failure to submit HAP Vouchers timely as outlined in the Uniform Administrative Requirements could result in the funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure HAP Vouchers are submitted to HUD within the prescribed timeframe above. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-002
2024-002 – Nonmaterial Noncompliance Over Special Tests Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Reserve deposits are required to be made monthly at a predetermined rate. Condition and Context: During our testing of compliance, we identified that reserve deposits had not been made timely. Questioned Costs: None noted. Cause: Haley’s Park experienced turnover within the accounting function that resulted in these deposits being overlooked. Effect: Failure to make reserve deposits as outlined in the Uniform Administrative Requirements could result in the rental assistance funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure reserve deposits compliance requirements are being maintained. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-001
2024-001 – Nonmaterial Noncompliance Over Cash Management Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Housing Assistance Payments (“HAP Vouchers”) are required to be submitted to the Department of Housing and Urban Development (“HUD”) by the 10th day of the month prior to which the funding relates to. Condition and Context: During our testing of compliance, we identified that for all samples (two) selected for testing, Haley’s Park was submitting HAP Vouchers approximately 30 days late. Questioned Costs: None noted. Cause: Haley’s Park changed housing management software during the year and the timing of the HAP Voucher submission was not appropriately entered into the system. Effect: Failure to submit HAP Vouchers timely as outlined in the Uniform Administrative Requirements could result in the funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure HAP Vouchers are submitted to HUD within the prescribed timeframe above. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.
Finding 2024-002
2024-002 – Nonmaterial Noncompliance Over Special Tests Information on the Federal Program: U.S. Department of Housing and Urban Development ALN 14.181 ALN Name: Supportive Housing Criteria or Specific Requirements: Reserve deposits are required to be made monthly at a predetermined rate. Condition and Context: During our testing of compliance, we identified that reserve deposits had not been made timely. Questioned Costs: None noted. Cause: Haley’s Park experienced turnover within the accounting function that resulted in these deposits being overlooked. Effect: Failure to make reserve deposits as outlined in the Uniform Administrative Requirements could result in the rental assistance funds being withheld. Recommendation: We recommend that Haley’s Park put procedures in place to ensure reserve deposits compliance requirements are being maintained. Views of Responsible Officials: Haley’s Park management agrees with the finding and recommendations set forth within and has developed a corrective action plan to address the instances of noncompliance identified. Corrective Action Plan: See Corrective Action Plan prepared by Haley’s Park, Inc.