FAC Explorer

Audit 354240

FY End
2024-12-31
Total Expended
$1.65M
Findings
6
Programs
3
Organization: United Pejepscot Housing INC (ME)
Year: 2024 Accepted: 2025-04-22
Auditor: William H Brewer CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
555642 2024-001 - - P
555643 2024-001 - - P
555644 2024-001 - - P
1132084 2024-001 - - P
1132085 2024-001 - - P
1132086 2024-001 - - P

Programs

ALN Program Spent Major Findings
10.415 Rural Rental Housing Loans $1.07M Yes 1
14.157 Supportive Housing for the Elderly $309,155 Yes 1
10.427 Rural Rental Assistance Payments $264,445 - 1

Contacts

Name Title Type
KMK3MVBUMYL4 Steven Labrecque Auditee
2077298006 William H. Brewer 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: United Pejepscot Housing, Inc. Rural Development has not elected 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 grant activity of United Pejepscot Housing, Inc. Rural Development under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operationsof Pejepscot Housing, Inc., it is not intended to and does not present the financial position of the Organization,as of December 31, 2024, and the changes in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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: United Pejepscot Housing, Inc. Rural Development has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance A. 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. B. United Pejepscot Housing, Inc. Rural Development has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. C. The outstanding balance of the loan and loan guarantee programs at December 31, 2024 with continuing compliance requirements which are reported as federal expenditures on the accompanying Schedule of Expenditures of Federal Awards was $1,072,977.
Title: NOTE 3 - AWARDS TO SUBRECIPIENTS 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: United Pejepscot Housing, Inc. Rural Development has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance During the year ended December 31, 2024, there were no awards passed through to subrecipients.

Finding Details

Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.
Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.
Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.
Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.
Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.
Finding 2024-001
Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, § 200.512 (a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization’s year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse has not been finalized for 12/31/2023. Cause and Effect: In prior years the single audit report had been filed in a timely manner to the Federal Audit Clearinghouse, however the government’s online system changed, and it did not automatically send an email to the client when the form was ready to be authorized by them, like it had been in prior years. It was an oversight by the client, since they were unaware of that change. The form has been completed in the Federal Audit Clearinghouse system, waiting for the client to authorize it. As a result, the audit for December 31, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report.