FAC Explorer

Audit 363651

FY End
2024-12-31
Total Expended
$940,511
Findings
4
Programs
6
Organization: Housing Resources, Inc. (WI)
Year: 2024 Accepted: 2025-08-04
Auditor: Reilly Penner & Benton LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
572504 2024-001 Significant Deficiency - I
572505 2024-001 Significant Deficiency - I
1148946 2024-001 Significant Deficiency - I
1148947 2024-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $310,920 Yes 1
21.116 Fy 2024 Appropriation $158,000 - 0
14.218 Community Development Block Grants/entitlement Grants $40,000 - 0
14.239 Home Investment Partnerships Program $11,050 - 0
21.026 Homeowner Assistance Fund $5,973 - 0
21.116 Fy 2024 Appropriation (tier 3) $5,500 - 0

Contacts

Name Title Type
F11JMJRK8LX6 Trena Bond Auditee
4144616330 Greg Apollo Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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. Negative amounts shown on the Schedule represents adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying “Schedules of Expenditures of Federal Awards” (“Schedule”) includes the federal award activity of the Organization under programs of the federal government for the year ended December 31, 2024. The information in the 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. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the net financial position, changes in net assets or cash flows of the Organization. All federal awards received directly from federal agencies as well as federal financial awards passed through other agencies are included on the Schedule.

Finding Details

Finding 2024-001
Reference Number: 2024-001 Program Name: 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Description: Procurement Criteria: 2 CFR 200.320 Methods of Procurement state that if the small purchases method is used, price or rate quotations must be obtained from an adequate number of qualified sources (at least 2). The Organization’s procurement policy also states that contracts or purchases ranging from $7,501-$20,000 require the Organization contact at least three bids from qualified sources. Condition: During our testing of procurement transactions, we sampled two purchases over $7,501 and neither of them had price quotes as required by the Organization’s procurement policy. Questioned Costs: 13,863. Cause: The Organization did not follow their Procurement policy dated April 2022 related to the appropriate methods of procurement. Effect: Obtaining price quotes or proposals from an adequate number of vendors allows the Organization to use federal funds in the most fiscally responsible way. The lack of quotes and proposals may cause the Organization to overpay for supplies or services. Identification of a Repeat Finding: This is not repeat finding. Auditors’ Recommendation: We recommend the Organization review their procurement policy and either amend it to coincide with increased thresholds or adhere to current policy. Views of Responsible Officials: See attachment for the Organization’s corrective action plan.
Finding 2024-001
Reference Number: 2024-001 Program Name: 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Description: Procurement Criteria: 2 CFR 200.320 Methods of Procurement state that if the small purchases method is used, price or rate quotations must be obtained from an adequate number of qualified sources (at least 2). The Organization’s procurement policy also states that contracts or purchases ranging from $7,501-$20,000 require the Organization contact at least three bids from qualified sources. Condition: During our testing of procurement transactions, we sampled two purchases over $7,501 and neither of them had price quotes as required by the Organization’s procurement policy. Questioned Costs: 13,863. Cause: The Organization did not follow their Procurement policy dated April 2022 related to the appropriate methods of procurement. Effect: Obtaining price quotes or proposals from an adequate number of vendors allows the Organization to use federal funds in the most fiscally responsible way. The lack of quotes and proposals may cause the Organization to overpay for supplies or services. Identification of a Repeat Finding: This is not repeat finding. Auditors’ Recommendation: We recommend the Organization review their procurement policy and either amend it to coincide with increased thresholds or adhere to current policy. Views of Responsible Officials: See attachment for the Organization’s corrective action plan.
Finding 2024-001
Reference Number: 2024-001 Program Name: 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Description: Procurement Criteria: 2 CFR 200.320 Methods of Procurement state that if the small purchases method is used, price or rate quotations must be obtained from an adequate number of qualified sources (at least 2). The Organization’s procurement policy also states that contracts or purchases ranging from $7,501-$20,000 require the Organization contact at least three bids from qualified sources. Condition: During our testing of procurement transactions, we sampled two purchases over $7,501 and neither of them had price quotes as required by the Organization’s procurement policy. Questioned Costs: 13,863. Cause: The Organization did not follow their Procurement policy dated April 2022 related to the appropriate methods of procurement. Effect: Obtaining price quotes or proposals from an adequate number of vendors allows the Organization to use federal funds in the most fiscally responsible way. The lack of quotes and proposals may cause the Organization to overpay for supplies or services. Identification of a Repeat Finding: This is not repeat finding. Auditors’ Recommendation: We recommend the Organization review their procurement policy and either amend it to coincide with increased thresholds or adhere to current policy. Views of Responsible Officials: See attachment for the Organization’s corrective action plan.
Finding 2024-001
Reference Number: 2024-001 Program Name: 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds Description: Procurement Criteria: 2 CFR 200.320 Methods of Procurement state that if the small purchases method is used, price or rate quotations must be obtained from an adequate number of qualified sources (at least 2). The Organization’s procurement policy also states that contracts or purchases ranging from $7,501-$20,000 require the Organization contact at least three bids from qualified sources. Condition: During our testing of procurement transactions, we sampled two purchases over $7,501 and neither of them had price quotes as required by the Organization’s procurement policy. Questioned Costs: 13,863. Cause: The Organization did not follow their Procurement policy dated April 2022 related to the appropriate methods of procurement. Effect: Obtaining price quotes or proposals from an adequate number of vendors allows the Organization to use federal funds in the most fiscally responsible way. The lack of quotes and proposals may cause the Organization to overpay for supplies or services. Identification of a Repeat Finding: This is not repeat finding. Auditors’ Recommendation: We recommend the Organization review their procurement policy and either amend it to coincide with increased thresholds or adhere to current policy. Views of Responsible Officials: See attachment for the Organization’s corrective action plan.