FAC Explorer

Audit 37338

FY End
2022-06-30
Total Expended
$3.00M
Findings
2
Programs
2
Organization: Asi Greeley Ii, Inc. (MN)
Year: 2022 Accepted: 2023-02-28
Auditor: Hinrichs & Associates LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
38777 2022-001 - - B
615219 2022-001 - - B

Programs

ALN Program Spent Major Findings
14.181 Section 811 Capital Advance $2.92M Yes 1
14.181 Prac Assistance $73,507 Yes 0

Contacts

Name Title Type
J7QJWCTP76N6 Chuck Reuter Auditee
6516457271 Bob Baker Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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. ASI -Greeley, Inc. has elected not to use the 10-percent de minimisindirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
ASI - GREELEY, INC. HUD PROJECT NO. 101-HD047 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED JUNE 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project paid the expense of another project under common management. Criteria: The Project should not pay the expense of another project. Effect: The amount of expenses incorrectly paid was $2,170. Context: The Accounts and Note Receivable account was tested at June 30, 2022. No sample was tested. Questioned Costs $2,170 Cause: The Project mistakenly paid an invoice of another project under common management. Recommendation: The Project should carefully review invoices before payment to make sure it pays the correct amount. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounts payable staff will be reminded to be careful when entering invoices for payment. Total-Department of Housing and Urban Development $2,170 Non-compliance code - R
Finding 2022-001
ASI - GREELEY, INC. HUD PROJECT NO. 101-HD047 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED JUNE 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project paid the expense of another project under common management. Criteria: The Project should not pay the expense of another project. Effect: The amount of expenses incorrectly paid was $2,170. Context: The Accounts and Note Receivable account was tested at June 30, 2022. No sample was tested. Questioned Costs $2,170 Cause: The Project mistakenly paid an invoice of another project under common management. Recommendation: The Project should carefully review invoices before payment to make sure it pays the correct amount. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounts payable staff will be reminded to be careful when entering invoices for payment. Total-Department of Housing and Urban Development $2,170 Non-compliance code - R