FAC Explorer

Audit 37652

FY End
2022-06-30
Total Expended
$3.29M
Findings
4
Programs
1
Organization: Sacred Heart Manor, Inc. (OH)
Year: 2022 Accepted: 2022-11-14
Auditor: Hw&co

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
37902 2022-001 Significant Deficiency - A
37903 2022-001 Significant Deficiency - A
614344 2022-001 Significant Deficiency - A
614345 2022-001 Significant Deficiency - A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $253,864 Yes 1

Contacts

Name Title Type
WM52MMZZH4F3 Fred Berry Auditee
3303841555 Michael Muniak Auditor
No contacts on file

Notes to SEFA

Title: U.S. Department of Housing and Urban Development capital advance program Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Sacred Heart Manor, Inc. has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the Federal expenditures presented in the schedule. Sacred Heart Manor, Inc. received no additional advances during the year. The balance of the capital advance outstanding at June 30, 2022 consists of: CFDA Number: 14.57, Program Name: Section 202 Supportive Housing for the Elderly, Outstanding Balance at June 30, 2022: $3,035,900

Finding Details

Finding 2022-001
Reference Number: 2022-001 Title and CFDA Number of Federal Program: Supportive Housing for the Elderly CFDA Number 14.157 Type of Finding: Financial Statement and Compliance finding Finding Resolution Status: Resolved Information on Universe Population Size: All monthly replacement reserve deposit for the year ended June 30, 2022. Sample Size Information: 11 Criteria: A good system of internal control requires proper controls in place to ensure monthly deposits are made in a timely manner. Statement of Condition: The replacement reserve account was not funded on a monthly basis. Cause: Management feels this was an oversight due the staff turnover during the year and has corrected the process. Effect or Potential Effect: The replacement reserve account was underfunded at year-end. Auditor Noncompliance Code: S ? Internal control deficiencies Questioned Cost: $3,703 Reporting Views of Responsible Officials: See management?s response FHA/Contract Number: 042EE112 Questioned Costs: $3,703 Context: Testing of the Project?s replacement reserve deposits. Recommendation: We recommend that the underfunded amount be deposited into the replacement account. Certain controls should be reviewed to prevent and detect these issues. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation: None necessary based on management?s response. Response Indicator: Agree Completion Date: 9/29/2022 Response: Management deposited the underfunded amount into replacement reserve account. Contact Person: Fred Berry
Finding 2022-001
Reference Number: 2022-001 Title and CFDA Number of Federal Program: Supportive Housing for the Elderly CFDA Number 14.157 Type of Finding: Financial Statement and Compliance finding Finding Resolution Status: Resolved Information on Universe Population Size: All monthly replacement reserve deposit for the year ended June 30, 2022. Sample Size Information: 11 Criteria: A good system of internal control requires proper controls in place to ensure monthly deposits are made in a timely manner. Statement of Condition: The replacement reserve account was not funded on a monthly basis. Cause: Management feels this was an oversight due the staff turnover during the year and has corrected the process. Effect or Potential Effect: The replacement reserve account was underfunded at year-end. Auditor Noncompliance Code: S ? Internal control deficiencies Questioned Cost: $3,703 Reporting Views of Responsible Officials: See management?s response FHA/Contract Number: 042EE112 Questioned Costs: $3,703 Context: Testing of the Project?s replacement reserve deposits. Recommendation: We recommend that the underfunded amount be deposited into the replacement account. Certain controls should be reviewed to prevent and detect these issues. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation: None necessary based on management?s response. Response Indicator: Agree Completion Date: 9/29/2022 Response: Management deposited the underfunded amount into replacement reserve account. Contact Person: Fred Berry
Finding 2022-001
Reference Number: 2022-001 Title and CFDA Number of Federal Program: Supportive Housing for the Elderly CFDA Number 14.157 Type of Finding: Financial Statement and Compliance finding Finding Resolution Status: Resolved Information on Universe Population Size: All monthly replacement reserve deposit for the year ended June 30, 2022. Sample Size Information: 11 Criteria: A good system of internal control requires proper controls in place to ensure monthly deposits are made in a timely manner. Statement of Condition: The replacement reserve account was not funded on a monthly basis. Cause: Management feels this was an oversight due the staff turnover during the year and has corrected the process. Effect or Potential Effect: The replacement reserve account was underfunded at year-end. Auditor Noncompliance Code: S ? Internal control deficiencies Questioned Cost: $3,703 Reporting Views of Responsible Officials: See management?s response FHA/Contract Number: 042EE112 Questioned Costs: $3,703 Context: Testing of the Project?s replacement reserve deposits. Recommendation: We recommend that the underfunded amount be deposited into the replacement account. Certain controls should be reviewed to prevent and detect these issues. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation: None necessary based on management?s response. Response Indicator: Agree Completion Date: 9/29/2022 Response: Management deposited the underfunded amount into replacement reserve account. Contact Person: Fred Berry
Finding 2022-001
Reference Number: 2022-001 Title and CFDA Number of Federal Program: Supportive Housing for the Elderly CFDA Number 14.157 Type of Finding: Financial Statement and Compliance finding Finding Resolution Status: Resolved Information on Universe Population Size: All monthly replacement reserve deposit for the year ended June 30, 2022. Sample Size Information: 11 Criteria: A good system of internal control requires proper controls in place to ensure monthly deposits are made in a timely manner. Statement of Condition: The replacement reserve account was not funded on a monthly basis. Cause: Management feels this was an oversight due the staff turnover during the year and has corrected the process. Effect or Potential Effect: The replacement reserve account was underfunded at year-end. Auditor Noncompliance Code: S ? Internal control deficiencies Questioned Cost: $3,703 Reporting Views of Responsible Officials: See management?s response FHA/Contract Number: 042EE112 Questioned Costs: $3,703 Context: Testing of the Project?s replacement reserve deposits. Recommendation: We recommend that the underfunded amount be deposited into the replacement account. Certain controls should be reviewed to prevent and detect these issues. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation: None necessary based on management?s response. Response Indicator: Agree Completion Date: 9/29/2022 Response: Management deposited the underfunded amount into replacement reserve account. Contact Person: Fred Berry