FAC Explorer

Audit 371236

FY End
2024-06-30
Total Expended
$3.92M
Findings
1
Programs
6
Organization: Piedmont Housing Alliance (VA)
Year: 2024 Accepted: 2025-10-23
Auditor: ROBINSON FARMER COX ASSOCIATES

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1161341 2024-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.011 CAPITAL MAGNET FUND $1.70M Yes 0
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $1.08M Yes 1
21.U01 NeighborWorks System Program $877,005 Yes 0
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $193,535 Yes 0
21.033 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) $53,316 Yes 0
14.169 HOUSING COUNSELING ASSISTANCE PROGRAM $22,195 Yes 0

Contacts

Name Title Type
XTECKUXX4SJ3 William Bush Auditee
4348171639 Michael Lupton 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 Piedmont Housing Alliance under programs of the federal government for the year ended June 30, 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 Piedmont Housing Alliance, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Piedmont Housing Alliance.
(1) 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. PIEDMONT HOUSING ALLIANCE Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2024 (2) Pass-through identifying numbers are presented where available.
The Organization did not elect to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.
No awards were passed through to subrecipients.
See Notes of Expenditures of Federal Awards

Finding Details

Finding 2024-001
Condition: One of the semi-annual performance reports submitted for the program was submitted after the reporting deadline. Criteria: Semi-annual performance reports must be filed within 30 calendar days of the end of the 6-month reporting period. Cause: The staff responsible for the submission failed to submit by the reporting deadline. Effect: A semi-annual performance report was submitted late. Questioned Cost Amount: Not Applicable. Context: One of the two performance reports required to be filed during the fiscal year was not submitted by the deadline. Recommendation: We recommend that performance report submission are done in advance of the deadline. Views of Responsible Officials and Planned Corrective Action: Performance reports will be filed in a timely manner to avoid missing the deadline.