FAC Explorer

Audit 362321

FY End
2023-12-31
Total Expended
$12.91M
Findings
2
Programs
12
Organization: Tri-County Housing, Inc. Dba Total Concept & Subsidiaries (CO)
Year: 2023 Accepted: 2025-07-15
Auditor: Haynie & Company

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
571387 2023-001 - - P
1147829 2023-001 - - P

Programs

ALN Program Spent Major Findings
21.026 Homeowner Assistance Fund $11.55M Yes 1
21.023 Emergency Rental Assistance Program $883,786 Yes 0
21.U02 Expendable and Capital Grant $162,000 - 0
10.427 Rural Rental Assistance Payments $156,644 - 0
21.U03 Expendable and Capital Grant $50,000 - 0
14.169 Housing Counseling Assistance Program $30,362 - 0
21.U04 Housing Stability Grant $22,112 - 0
14.252 Section 4 Capacity Building for Community Development and Affordable Housing $13,806 - 0
10.446 Technical Assistance Program $12,878 - 0
21.026 Emergency Mortgage Assistance Program $11,750 - 0
21.U05 Investment Grant $8,750 - 0
21.U01 Supplemental Grant $5,750 - 0

Contacts

Name Title Type
FGZNP3B6BJJ6 Steven Cordova Auditee
7194693395 Brent Stratton Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – BASIS OF PRESENTATION Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures 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. NOTE 3 – COMMITMENTS AND CONTINGENCIES Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule. NOTE 4 – INDIRECT COST RATE Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 5 – SUBRECIPIENTS Tri-County Housing, Inc. dba Total Concept does not participate De Minimis Rate Used: N Rate Explanation: Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures 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. NOTE 3 – COMMITMENTS AND CONTINGENCIES Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule. NOTE 4 – INDIRECT COST RATE Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 5 – SUBRECIPIENTS Tri-County Housing, Inc. dba Total Concept does not participate De Minimis Rate Used: N Rate Explanation: Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures 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.
Title: NOTE 3 – COMMITMENTS AND CONTINGENCIES Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures 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. NOTE 3 – COMMITMENTS AND CONTINGENCIES Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule. NOTE 4 – INDIRECT COST RATE Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 5 – SUBRECIPIENTS Tri-County Housing, Inc. dba Total Concept does not participate De Minimis Rate Used: N Rate Explanation: Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule.
Title: NOTE 4 – INDIRECT COST RATE Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures 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. NOTE 3 – COMMITMENTS AND CONTINGENCIES Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule. NOTE 4 – INDIRECT COST RATE Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 5 – SUBRECIPIENTS Tri-County Housing, Inc. dba Total Concept does not participate De Minimis Rate Used: N Rate Explanation: Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 5 – SUBRECIPIENTS Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Tri-County Housing, Inc. dba Total Concept and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The purpose of the Schedule is to present a summary of those activities of Tri-County Housing, Inc. dba Total Concept for the year ended December 31, 2023, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between Tri-County Housing, Inc. dba Total Concept and the federal government. Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures 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. NOTE 3 – COMMITMENTS AND CONTINGENCIES Federal grants received by Tri-County Housing, Inc. dba Total Concept are subject to review and audit by grantor agencies. The Organization’s management believes that the results of such audits will not have a material effect on the Schedule. NOTE 4 – INDIRECT COST RATE Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 5 – SUBRECIPIENTS Tri-County Housing, Inc. dba Total Concept does not participate De Minimis Rate Used: N Rate Explanation: Tri-County Housing, Inc. dba Total Concept did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Tri-County Housing, Inc. dba Total Concept does not participate with any subrecipient organizations for the administration or performance of its federal programs.

Finding Details

Finding 2023-001
Finding 2023-01 Finding Resolution Status: Resolved Condition: The auditee did not submit the required reporting package, including the audited financial statements and Data Collection Form (SF-SAC), to the Federal Audit Clearinghouse within nine months after the end of the fiscal year, as required by 2 CFR § 200.512(a). Criteria: In accordance with 2 CFR § 200.512(a), non-federal entities that expend $750,000 or more in federal awards during the fiscal year must submit the reporting package to the FAC no later than nine months after the end of the audit period. Timely submission ensures transparency and allows federal agencies to evaluate compliance and financial integrity. Cause: The delay in submission was due to internal administrative oversight and lack of a formalized deadline monitoring process for federal reporting obligations. Effect or Potential Effect: Failure to submit the reporting package in a timely manner constitutes noncompliance with Uniform Guidance requirements. This may affect the entity’s eligibility for future federal funding and could result in sanctions or increased oversight by funding agencies. Questioned costs: None. This finding relates to reporting noncompliance and not to disallowed costs. Recommendations: We recommend that the auditee implement a formal compliance calendar or tracking system to monitor federal reporting deadlines. Management should designate a responsible individual to ensure that all reporting packages are submitted on time in accordance with Uniform Guidance requirements. Reporting views of responsible officials: Management agrees with the finding. The delay was unintentional and due to internal miscommunication. The Organization has since created a compliance calendar and assigned the Finance Director to oversee federal reporting compliance to ensure timely submissions in the future. Concur or do not concur with this finding: Concur.
Finding 2023-001
Finding 2023-01 Finding Resolution Status: Resolved Condition: The auditee did not submit the required reporting package, including the audited financial statements and Data Collection Form (SF-SAC), to the Federal Audit Clearinghouse within nine months after the end of the fiscal year, as required by 2 CFR § 200.512(a). Criteria: In accordance with 2 CFR § 200.512(a), non-federal entities that expend $750,000 or more in federal awards during the fiscal year must submit the reporting package to the FAC no later than nine months after the end of the audit period. Timely submission ensures transparency and allows federal agencies to evaluate compliance and financial integrity. Cause: The delay in submission was due to internal administrative oversight and lack of a formalized deadline monitoring process for federal reporting obligations. Effect or Potential Effect: Failure to submit the reporting package in a timely manner constitutes noncompliance with Uniform Guidance requirements. This may affect the entity’s eligibility for future federal funding and could result in sanctions or increased oversight by funding agencies. Questioned costs: None. This finding relates to reporting noncompliance and not to disallowed costs. Recommendations: We recommend that the auditee implement a formal compliance calendar or tracking system to monitor federal reporting deadlines. Management should designate a responsible individual to ensure that all reporting packages are submitted on time in accordance with Uniform Guidance requirements. Reporting views of responsible officials: Management agrees with the finding. The delay was unintentional and due to internal miscommunication. The Organization has since created a compliance calendar and assigned the Finance Director to oversee federal reporting compliance to ensure timely submissions in the future. Concur or do not concur with this finding: Concur.