FAC Explorer

Audit 390428

FY End
2024-06-30
Total Expended
$6.05M
Findings
1
Programs
9
Organization: The Lords Place, INC (FL)
Year: 2024 Accepted: 2026-03-05
Auditor: TEMPLETON & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1176609 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $1.63M Yes 1
93.958 BLOCK GRANTS FOR COMMUNITY MENTAL HEALTH SERVICES $1.11M Yes 0
14.267 CONTINUUM OF CARE PROGRAM $353,702 Yes 0
16.812 SECOND CHANCE ACT REENTRY INITIATIVE $335,620 Yes 0
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $331,035 Yes 0
14.231 EMERGENCY SOLUTIONS GRANT PROGRAM $309,099 Yes 0
93.150 PROJECTS FOR ASSISTANCE IN TRANSITION FROM HOMELESSNESS (PATH) $243,435 Yes 0
97.024 EMERGENCY FOOD AND SHELTER NATIONAL BOARD PROGRAM $59,258 Yes 0
16.738 EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM $56,731 Yes 0

Contacts

Name Title Type
FNE3S9E6J2C8 Marisa Glover Auditee
5614940125 John Templeton Auditor
No contacts on file

Notes to SEFA

The purpose of the accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) is to present, in summary form, total federal award and state financial assistance expenditures of The Lord’s Place, Inc. (the Agency) for the year ended June 30, 2024, which have been financed under the various federal award programs and state financial assistance projects. The Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, certain amounts presented in this Schedule may differ from amounts presented in the basic financial statements.
The Lord’s Place, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance unless it is contractually required to use the 10 percent de minimis indirect cost rate in which case it applied the 10 percent de minimis cost rate.
The Lord’s Place, Inc. had the following forgivable loan balances with continuing compliance requirements outstanding at June 30, 2024: Bill’s Place – Community Development Block Grant-Coronavirus 14.218 $ 1,630,785 Total Department of Housing and Urban Development $ 1,630,785
There were no payments to subrecipients for the year ended June 30, 2024.

Finding Details

Finding 2024-001
Subsequent to June 30, 2024, management became aware that a Federal grant passed through from the Palm Beach County Board of County Commissioners (the County) and from the U.S. Department of Housing and Urban Development (HUD) via a forgivable loan entered into during the fiscal year, along with the related real property acquisition and escrow activity, had not been recorded in the appropriate period. The forgivable promissory note was funded through HUD’s Community Development Block Grant (CDBG‑CV) program, which carries specific compliance and reporting requirements. Management identified that the executed Loan Agreement had not been provided to the Agency’s Finance and Accounting personnel as intended. As a result, the Loan Agreement, the property purchase, and related compliance requirements were not communicated to the appropriate individuals who were unaware of the transaction and therefore did not record the purchase of the property or the associated debt as of June 30, 2024. Additionally, borrowings under the Loan Agreement are subject to federal single audit requirements, as the funding for the forgivable loan was provided by HUD under the CDBG‑CV program.