FAC Explorer

Audit 35634

FY End
2022-12-31
Total Expended
$1.45M
Findings
0
Programs
2
Organization: Liberty Terrace Apartments (IN)
Year: 2022 Accepted: 2023-09-28
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.134 Mortgage Insurance_rental Housing $1.14M Yes 0
14.195 Section 8 Housing Assistance Payments Program $314,247 - 0

Contacts

Name Title Type
ZN34KNFH9MN8 Danny Henderson Auditee
8127741570 Jeremy Wilson Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation has elected to not use the 10% de minimis cost rate. The balance of the mortgage note payable under Section 207 pursuant to Section 223(a)(7) of the National Housing Act at December 31, 2022 $1,136,832.