FAC Explorer

Audit 359184

FY End
2024-12-31
Total Expended
$3.40M
Findings
2
Programs
2
Organization: White Bear Lake Senior Housing, Inc. Dba: Willow Wood Apartments (MN)
Year: 2024 Accepted: 2025-06-18
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565356 2024-001 Significant Deficiency - N
1141798 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $3.15M Yes 1
14.182 Lower Income Housing Assistance Program_section 8 New Construction/substantial Rehabilitation $248,946 - 0

Contacts

Name Title Type
KDGAXZ4M9NL9 Doug Harrison Auditee
8173045727 Nicole Folkerts Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Project 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 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Project, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Section 202 Capital Advance had an outstanding balance of $3,154,000 at December 31, 2024. De Minimis Rate Used: N Rate Explanation: The Project has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 202 Capital Advance Listing Number: 14.157 Pass-Through Agency: N/A Pass-Through Number(s): N/A Award Period: N/A FAIN number and year: 092-EE024-6-A-05-46 - 1998 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per the regulatory agreement a monthly deposit is to be made into the replacement reserve. Per HUD-9250 the monthly amount is $3,395.73 which equates to an annual deposit of $40,749. Condition: The Project was required to deposit $40,749 into the replacement reserve for the year ended December 31, 2024 and only deposited $23,771. Questioned costs: $16,978 Context: Management did not make deposits for August-December 2024. Cause: Managements controls did not identify and correct the lack of payment due to turning off automatic payments, on a timely basis. Effect: The replacement reserve was underfunded by $16,978 at December 31, 2024. Repeat Finding: N/A Recommendation: Recommend that a catchup payment is made as soon possible to make the replacement reserve whole. Views of responsible officials: No disagreements with the audit finding. Management Response: A payment of $16,979 was deposited into the account as of March 31, 2025. Automatic payments were re-established to ensure no further issues due to lack of payment.
Finding 2024-001
Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 202 Capital Advance Listing Number: 14.157 Pass-Through Agency: N/A Pass-Through Number(s): N/A Award Period: N/A FAIN number and year: 092-EE024-6-A-05-46 - 1998 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per the regulatory agreement a monthly deposit is to be made into the replacement reserve. Per HUD-9250 the monthly amount is $3,395.73 which equates to an annual deposit of $40,749. Condition: The Project was required to deposit $40,749 into the replacement reserve for the year ended December 31, 2024 and only deposited $23,771. Questioned costs: $16,978 Context: Management did not make deposits for August-December 2024. Cause: Managements controls did not identify and correct the lack of payment due to turning off automatic payments, on a timely basis. Effect: The replacement reserve was underfunded by $16,978 at December 31, 2024. Repeat Finding: N/A Recommendation: Recommend that a catchup payment is made as soon possible to make the replacement reserve whole. Views of responsible officials: No disagreements with the audit finding. Management Response: A payment of $16,979 was deposited into the account as of March 31, 2025. Automatic payments were re-established to ensure no further issues due to lack of payment.