FAC Explorer

Audit 383845

FY End
2024-12-31
Total Expended
$1.81M
Findings
2
Programs
1
Organization: Anchorage Affordable Housing and Land Trust (AK)
Year: 2024 Accepted: 2026-01-26
Auditor: HUTCHINGS & ASSOCIATES LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1170617 2024-001 Material Weakness Yes L
1170618 2024-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
97.024 EMERGENCY FOOD AND SHELTER NATIONAL BOARD PROGRAM $1.31M Yes 1

Contacts

Name Title Type
GFSYLXGJCRX5 Robin Ward Auditee
9072298403 Rod Hutchings 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 organization under programs of the federal government for the years ended December 31, 2024, and 2023. 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 organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the organization.

Finding Details

Finding 2024-001
Criteria: Pursuant Uniform Guidance 2 CFR 200.512(a), the audit package and data collection form shall be submitted 30 days after receipt of the auditors' report, or nine months after the end of the fiscal year - whichever comes first. Condition: The Organization did not engage a qualified audit firm within the required timeline to complete and submit the audit in a timely manner. Questioned costs: None noted. Context: The audit firm was engaged to perform an audit in accordance with 2 CFR 200.512(a) more than nine months after the audit period. Effect: The Organization is not in compliance with 2 CFR 200.512(a). Cause: The Organization did not have controls in place to identify the requirements of the federal single audit threshold. Repeat finding: Yes - 2024-001 Recommendation: The Organization should combine its accounting and provided accounting records timely, arrange for an annual audit and submit the reporting package within the guidelines as outlined the Uniform Guidance regulations.