FAC Explorer

Audit 371986

FY End
2024-12-31
Total Expended
$788,307
Findings
2
Programs
3
Organization: Central Minnesota Housing Partnership, Inc. (MN)
Year: 2024 Accepted: 2025-11-10
Auditor: CLIFTONLARSONALLEN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1162175 2024-004 Material Weakness Yes L
1162176 2024-005 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
10.415 RURAL RENTAL HOUSING LOANS $608,337 Yes 2
14.267 CONTINUUM OF CARE PROGRAM $155,782 Yes 0
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $24,188 Yes 0

Contacts

Name Title Type
UHWXM5TPP5H3 Deanna Hemmesch Auditee
3202580671 Nicole Folkerts Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Central Minnesota Housing Partnership, Inc. 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 2 CFR 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 Central Minnesota Housing Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Central Minnesota Housing Partnership, Inc.
The rural rental housing loans programs listed subsequently are administered directly by Central Minnesota Housing Partnership, Inc. and balances and transactions relating to these programs are included in Central Minnesota Housing Partnership, Inc.’s basic consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2024 consists of: Program Titile/FAL Number/Amount Outstanding Rural Rental Housing Loans / 10.415 / $582,532

Finding Details

Finding 2024-004
Federal Agency: U.S. Department of Agriculture Federal Program Title: Rural Rental Housing Loans Federal Assistance Listing Number: 10.415 Federal Award Identification Number(s) and Year(s): AMAS000000191197-2018, AMAS000000191198-2018, AMAS000000191199-2018, AMAS000000315075-2018, AMAS000000017171-2017, AMAS000000017172-2017, AMAS000001490130-2024 Award Period: 01/01/24 to 12/31/24 Type of Finding: • Significant Deficiency in Internal Control over Major Federal Programs Criteria or Specific Requirement: Review the supporting records and ascertain whether all applicable data elements were included in the sampled reports. Condition: Of the five income statement reports sampled, one was not reported correctly. Context: Of the five sampled income statement reports, all five were properly reviewed with one of the samples being incorrectly reported. Cause: There was an error in the reporting process as not all amounts were reported. Effect: Incorrect reporting for the grant. Repeat Finding: No. Recommendation: We recommend ensuring all income statement items are properly reviewed and reported to the USDA. Views of Responsible Officials and Planned Corrective Actions: No disagreement with the finding. Management Response: The year-end actual income statements will be prepared by the Portfolio Accountant based on year-end policies and procedures. The income statement will be reviewed by the Property Director, the Finance Director, initialed and then entered into MINC.
Finding 2024-005
Federal Agency: U.S. Department of Agriculture Federal Program Title: Rural Rental Housing Loans Federal Assistance Listing Number: 10.415 Federal Award Identification Number(s) and Year(s): AMAS000000191197-2018, AMAS000000191198-2018, AMAS000000191199-2018, AMAS000000315075-2018, AMAS000000017171-2017, AMAS000000017172-2017, AMAS000001490130-2024 Award Period: 01/01/24 to 12/31/24 Type of Finding: • Material Weakness in Internal Control over Major Federal Programs Criteria or Specific Requirement: Review the supporting records and ascertain whether all applicable data elements were included in the sampled reports. Condition: Of the five balance sheet reports sampled, none were properly reviewed. Context: Of the five sampled balance sheet reports, all five did not retain proper review and approval. Cause: The Organization did not follow its process involving indication of preparation and review of the balance sheet reports. Effect: Risk of incorrect reporting for the grant. Repeat Finding: No. Recommendation: We recommend ensuring the proper preparation and review of the balance sheets with indication of review with a sign off. Views of Responsible Officials and Planned Corrective Actions: No disagreement with the finding. Management Response: The year-end actual income statements will be prepared by the Portfolio Accountant based on year-end policies and procedures. The income statement will be reviewed by the Property Director, the Finance Director, initialed and then entered into MINC.