FAC Explorer

Audit 390146

FY End
2025-06-30
Total Expended
$5.98M
Findings
1
Programs
4
Organization: Hall County Housing Authority (NE)
Year: 2025 Accepted: 2026-03-03
Auditor: CORE CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1176329 2025-003 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
14.850 PUBLIC HOUSING OPERATING FUND $961,097 Yes 1
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $533,561 Yes 0
14.872 PUBLIC HOUSING CAPITAL FUND $179,864 Yes 0
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $41,313 Yes 0

Contacts

Name Title Type
XYKZH2TNM8M1 Artena Thompson Auditee
3083855530 Jordan Fisher Auditor
No contacts on file

Notes to SEFA

Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
HOME Program loan proceeds were distributed to Victory Place, LLC in December 2015. The HOME program funds were used by Victory Place, LLC construct 4 housing units. The funds advanced are repayable to the U.S. Department of Housing & Urban Development (HUD) in the event that the Housing Authority or its subrecipient (Victory Place, LLC) does not maintain the constructed property for low-income housing for 20 years. If the terms of the agreement are met, the funds are not required to be paid back to HUD. The outstanding HOME Program loan balance, including accrued interest, at June 30, 2025, was $533,561.

Finding Details

Finding 2025-003
III. FEDERAL AWARDS FINDINGS FINDING 2025-003: Material Weakness in Internal Control over Compliance – Activities Allowed or Unallowed Federal Award Identification Assistance Listing Program Title: Public Housing Operating Fund Assistance Listing Program Number: 14.850 Federal Award ID Number and Year: N/A Federal Agency: U.S. Department of Housing and Urban Development Criteria Under 2 CFR Section 200.302: Recipient's and subrecipient's financial management system must sufficiently identify the amount, source, and expenditure of Federal funds for Federal awards. These records must contain information necessary to identify Federal awards, authorizations, financial obligations, unobligated balances, as well as assets, expenditures, income, and interest. All records must be supported by source documentation. Condition See Finding 2025-001. Repeat Finding No Questioned Costs See Finding 2025-001. Effect or Potential Effect The Authority was not in compliance with 2 CFR Section 200.302. Cause See Finding 2025-001. Recommendation See Finding 2025-001. Auditee Response/ Corrective Action Plan See page 50.