FAC Explorer

Audit 378336

FY End
2025-03-31
Total Expended
$9.62M
Findings
1
Programs
1
Organization: Housing Authority of the City of Nacogdoches (TX)
Year: 2025 Accepted: 2025-12-30
Auditor: JOHN A BLAKEWAY CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1167296 2025-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $9.62M Yes 1

Contacts

Name Title Type
SMB6X4LKGSC6 Kameron Pleasant-Chatman Auditee
9365691131 John A. Blakeway 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 PHA under programs of the federal government for the year ended March 31, 2025. 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 PHA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the PHA.
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. The PHA's summary of significant accounting policies is presented in Note A in the PHA's basic financial statements. The PHA has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
2025-001 - Allowable Costs - Interfund receivable not being reimbursed timely. - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: Interfund accounts should be reimbursed each month. Condition: - At the end of the year, the PHA's HCV program had an interfund receivable balance from other funds in the amount of $201,919 which was not being reimbursed on a timely basis. Cause: Interfund account receivable was not being reconciled on a monthly basis. Effect: The HCV program has an interfund receivable of $201,919 at year-end. Questioned Costs: Balance in the interfund receivable account at year-end of $201,919. Repeat Finding: Not a repeat finding. Recommendation: The PHA's other funds should reimburse the HCV program for the interfund receivable balance on a monthly basis. Response: The PHA will review the activity in the interfund accounts with its fee accountant and reimburse the HCV program on a monthly basis.