FAC Explorer

Audit 367734

FY End
2024-12-31
Total Expended
$6.45M
Findings
0
Programs
10
Organization: Franklin Housing Authority (TN)
Year: 2024 Accepted: 2025-09-25
Auditor: Henderson & Pilleteri LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.275 Housing Trust Fund $2.38M Yes 0
14.871 Section 8 Housing Choice Vouchers $1.65M Yes 0
14.267 Continuum of Care Program $807,672 Yes 0
14.850 Public Housing Operating Fund $579,443 Yes 0
14.872 Public Housing Capital Fund $522,901 Yes 0
14.239 Home Investment Partnerships Program $212,269 Yes 0
14.879 Mainstream Vouchers $163,929 Yes 0
14.896 Family Self-Sufficiency Program $61,461 Yes 0
14.231 Emergency Solutions Grant Program $40,830 Yes 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $32,452 Yes 0

Contacts

Name Title Type
TW1NQ4NK8EY1 Derwin Jackson Auditee
6157941247 Roy W. Henderson Jr. Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Authority 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Authority has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The National Housing Trust Fund Program loans were received indirectly by the Authority from the Tennessee Housing Development Agency. The NHTF-16-02 and NHTF-18-02 loans had no changes in balances in the current fiscal year. The NHTF-21-02 loan was acquired during the year and the balance of this outstanding loan at December 31, 2024 was $806,407.
The Tennessee Housing Trust Fund Program loan was received directly from the Tennessee Housing Development Agency. The HTF-20F-01 Loan balance at the beginning of the year of $200,000 is included as state expenditures presented in the schedule of expenditures of federal awards. The balance of this outstanding loan at December 31, 2024 was $100,000. The HTF-22S-02 loan was acquired during the year and the balance of this outstanding loan at December 31, 2024 was $500,000.