Audit 356302

FY End
2024-12-31
Total Expended
$814,524
Findings
0
Programs
1
Organization: Clark Towers, Inc. (CA)
Year: 2024 Accepted: 2025-05-14

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $814,524 Yes 0

Contacts

Name Title Type
EZGDE8VZA4Z7 Steve Burger Auditee
7075845123 Robert Stephenson Auditor
No contacts on file

Notes to SEFA

Title: Note 1 Accounting Policies: Prepared on the accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The Project has a HUD approved management agreement allowing a per unit per month fee to cover administrative fees as set forth in the agreement. The information on this schedule is prepared on the accrual basis of accounting in accordance with the requirements of the Uniform Guidance.
Title: Note 2 Accounting Policies: Prepared on the accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The Project has a HUD approved management agreement allowing a per unit per month fee to cover administrative fees as set forth in the agreement. The Project did not elect to use the ten (10) percent de minimis indirect cost rate as covered in Section 200.414 of the Uniform Guidance for Federal Awards. Instead of electing a ten (10) percent de minimis indirect cost rate, the Project has a HUD approved management agreement allowing a per unit per month fee to cover administrative fees as set forth in the agreement.