FAC Explorer

Audit 366728

FY End
2024-12-31
Total Expended
$5.02M
Findings
1
Programs
1
Organization: Mississippi Regional Housing Authority II (MS)
Year: 2024 Accepted: 2025-09-19
Auditor: John Russell and Associates INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1153478 2024-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $5.02M Yes 1

Contacts

Name Title Type
MNVNX3ZRKW74 Teasha Sanders Auditee
6622347524 John G Russell Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Mississippi Regional Housing Authority II 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. Cose of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The Housing Authority did not elect to use the 10% De Minimus Cost Rate.

Finding Details

Finding 2024-001
Compliance Requirement: Condition and Criteria: Special Tests and provisions. Condition and Criteria: Housing 'Authorities are required to perfo1m a rent reasonableness study upon entrance to the program and whenever the rent changes on the unit. Assistance Listing Number: 14.871,Housing Choice Vouchers. Cause: The internal control structure was not adequate to prevent these deficiencies. Effect: It was noted that 9 of the 40 files did not contain the required rent reasonableness calculations. Questioned Costs: None known. Auditors' Recommendation: We recommend that the Housing Authority strengthen its internal controls to ensure they are in compliance with HUD requirements.