FAC Explorer

Audit 36126

FY End
2022-06-30
Total Expended
$3.56M
Findings
2
Programs
2
Organization: Asi Kansas City, Inc. (MN)
Year: 2022 Accepted: 2023-02-28
Auditor: Hinrichs & Associates LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
36816 2022-001 - - N
613258 2022-001 - - N

Programs

ALN Program Spent Major Findings
14.181 Section 811 Capital Advance $3.41M Yes 1
14.181 Prac Assistance $154,173 Yes 0

Contacts

Name Title Type
C9M8NAF1MU48 Chuck Reuter Auditee
6516457271 Bob Baker Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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. ASIKansas City, Inc. has elected not to use the 10-percent de minimisindirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
ASI KANSAS CITY, INC. HUD PROJECT NO. 084-HD054 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED JUNE 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at June 30, 2022. Criteria: The Project did not make three months of HUD required deposits into its replacement for reserve account. Effect: The replacement reserve cash balance was $8,800 less than it should be at June 30, 2022. Context: Activity in the replacement reserve account for the year ended June 30, 2022 was tested. No sample was tested. Questioned costs $8,800 Cause: The Project's monthly automatic deposit into its replacement reserve account was inadvertently stopped, resulting in missed deposits for three months. Recommendation: The Project should deposit $8,800 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $8,800 to the replacement reserve account in July 2022 when it realized the oversight. Questioned Costs - Department of Housing and Urban Development $8,800 Non-compliance code - N
Finding 2022-001
ASI KANSAS CITY, INC. HUD PROJECT NO. 084-HD054 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED JUNE 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at June 30, 2022. Criteria: The Project did not make three months of HUD required deposits into its replacement for reserve account. Effect: The replacement reserve cash balance was $8,800 less than it should be at June 30, 2022. Context: Activity in the replacement reserve account for the year ended June 30, 2022 was tested. No sample was tested. Questioned costs $8,800 Cause: The Project's monthly automatic deposit into its replacement reserve account was inadvertently stopped, resulting in missed deposits for three months. Recommendation: The Project should deposit $8,800 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $8,800 to the replacement reserve account in July 2022 when it realized the oversight. Questioned Costs - Department of Housing and Urban Development $8,800 Non-compliance code - N