FAC Explorer

Audit 355161

FY End
2024-09-30
Total Expended
$1.83M
Findings
4
Programs
2
Organization: Denham Springs Housing Authority (LA)
Year: 2024 Accepted: 2025-04-30
Auditor: Mike Estes PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
558455 2024-001 Material Weakness - N
558456 2024-002 Material Weakness - L
1134897 2024-001 Material Weakness - N
1134898 2024-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $977,578 Yes 2
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $852,988 - 0

Contacts

Name Title Type
WNVDSEAM39L3 Fred Banks Auditee
2256643301 Mike Estes Auditor
No contacts on file

Notes to SEFA

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 Housing Authority did not elect to use the 10-precent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Section Eight Housing Program-CDFA#14.871 Finding 2024-001-Utility Allowances Need Updating- Special Tests Criteria and Condition Federal regulations require that utility allowances be reviewed annually. If any category increases more than 10% since the last rate change, the allowances should be revised. Context The allowances have not been reviewed since early in 2023. Cause Apparent oversight. Effect There is a possibility that the allowances were not timely adjusted, which would have affected the Housing Assistance Payments and the tenant rent. Questioned Costs None Recommendation The allowances should be reviewed and adjusted if necessary. View of Responsible Official We will comply with the auditor’s recommendation.
Finding 2024-002
Section Eight Housing Program-CDFA#14.871 Finding 2024-002-Late Filing of Report-Reporting Criteria and Condition State law requires the annual audit report be filed no later than six months after fiscal year end with the Louisiana Legislative Auditor. Context The audit report was not timely filed by the due date with the Legislative Auditor. Cause The fee accountant did not timely deliver the accounting records to the auditor in time to allow the auditor to complete the audit. The Executive Director has been periodically hospitalized, and had difficulty in timely delivering accounting records to the fee accountant. Effect State law was not timely complied with. Questioned Costs None Recommendation The authority should timely deliver the accounting records to the auditor. View of Responsible Official We will comply with the auditor’s recommendation.
Finding 2024-001
Section Eight Housing Program-CDFA#14.871 Finding 2024-001-Utility Allowances Need Updating- Special Tests Criteria and Condition Federal regulations require that utility allowances be reviewed annually. If any category increases more than 10% since the last rate change, the allowances should be revised. Context The allowances have not been reviewed since early in 2023. Cause Apparent oversight. Effect There is a possibility that the allowances were not timely adjusted, which would have affected the Housing Assistance Payments and the tenant rent. Questioned Costs None Recommendation The allowances should be reviewed and adjusted if necessary. View of Responsible Official We will comply with the auditor’s recommendation.
Finding 2024-002
Section Eight Housing Program-CDFA#14.871 Finding 2024-002-Late Filing of Report-Reporting Criteria and Condition State law requires the annual audit report be filed no later than six months after fiscal year end with the Louisiana Legislative Auditor. Context The audit report was not timely filed by the due date with the Legislative Auditor. Cause The fee accountant did not timely deliver the accounting records to the auditor in time to allow the auditor to complete the audit. The Executive Director has been periodically hospitalized, and had difficulty in timely delivering accounting records to the fee accountant. Effect State law was not timely complied with. Questioned Costs None Recommendation The authority should timely deliver the accounting records to the auditor. View of Responsible Official We will comply with the auditor’s recommendation.