FAC Explorer

Audit 355845

FY End
2024-09-30
Total Expended
$29.22M
Findings
2
Programs
3
Organization: Medford Housing Authority (MA)
Year: 2024 Accepted: 2025-05-08
Auditor: Cbiz CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
559912 2024-002 Significant Deficiency - L
1136354 2024-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
14.881 Capital Fund Education and Training Community Facilities $28.95M Yes 1
14.896 Family Self-Sufficiency Program $141,505 - 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $132,239 - 0

Contacts

Name Title Type
HN6PCGBAZVM3 Jeffrey Driscoll Auditee
7813967200 Michael Guyder Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Medford Housing Authority, under programs of the federal government for the year ended September 30, 2024. 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Medford Housing Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of Medford Housing Authority. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, 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. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: The Medford Housing Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-002
2024-002 – REPORTING Material Weakness/Material Noncompliance U.S. Department of Housing and Urban Development CFDA #: 14.881 – Moving to Work Demonstration Program CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the Moving to Work Demonstration Program. CONDITION The unaudited FDS was required to be submitted to HUD by November 30, 2024. CAUSE The Authority’s internal control processes were not sufficient to ensure timely filing of the unaudited FDS. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct proper monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority ensure its year-end closing process is sufficient to allow or the timely filing of the unaudited FDS.
Finding 2024-002
2024-002 – REPORTING Material Weakness/Material Noncompliance U.S. Department of Housing and Urban Development CFDA #: 14.881 – Moving to Work Demonstration Program CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the Moving to Work Demonstration Program. CONDITION The unaudited FDS was required to be submitted to HUD by November 30, 2024. CAUSE The Authority’s internal control processes were not sufficient to ensure timely filing of the unaudited FDS. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct proper monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority ensure its year-end closing process is sufficient to allow or the timely filing of the unaudited FDS.