FAC Explorer

Audit 366575

FY End
2024-12-31
Total Expended
$6.02M
Findings
6
Programs
4
Organization: Little Earth of United Tribes Housing Corporation (MN)
Year: 2024 Accepted: 2025-09-18
Auditor: Mahoney Ulbrich Christiansen & Russ PA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1153372 2024-001 Material Weakness Yes P
1153373 2024-001 Material Weakness Yes P
1153374 2024-001 Material Weakness Yes P
1153375 2024-001 Material Weakness Yes P
1153376 2024-001 Material Weakness Yes P
1153377 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.195 Lower Income Housing Assistance Program - Section 8 Moderate Rehabilitation $3.42M Yes 1
14.239 Home Investment Partnerships Program $500,000 Yes 1
14.244 Renewal Community and Empowerment Zone Programs $500,000 Yes 1
14.218 Community Development Block Grants/entitlement Grants $350,000 Yes 1

Contacts

Name Title Type
NQX7WG88CJL5 Dan Templin Auditee
5078200430 Darren Fetzer Auditor
No contacts on file

Notes to SEFA

This schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Little Earth of United Tribes Housing Corporation 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Little Earth of United Tribes Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Little Earth of United Tribes Housing Corporation.
Expenditures reported for the loans with continuing compliance requirements represent the December 31, 2023, balance of an insured mortgage loan outstanding from a previous year for which the grantor imposes continuing compliance requirements. The balance of the loans outstanding as of December 31, 2024, is $2,600,000.

Finding Details

Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.
Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.
Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.
Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.
Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.
Finding 2024-001
Condition - The financial statements for the year ended December 31, 2023 were restated during the current year to properly record insurance claim proceeds as revenue and the write-off of buildings and improvements. Criteria - Effective internal control over the financial reporting process is necessary to prevent material restatements of the financial statements. Cause - During the year, it was discovered the insurance claim proceeds should be recorded as revenue for the addition of roof replacements. Effect - The 2023 financial statements were required to be restated. Recommendation - The Partnership should thoroughly review insurance claim activity for potential asset additions before posting them to the accounting records. Auditee’s comments and response - Management will review any future entries of this nature with care.