FAC Explorer

Audit 404826

FY End
2025-09-30
Total Expended
$1.42M
Findings
1
Programs
2
Organization: Crossett Housing Authority (AR)
Year: 2025 Accepted: 2026-06-25
Auditor: BARRALE RENSHAW CPAS AND ADVISORS LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1218735 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.872 PUBLIC HOUSING CAPITAL FUND $1.05M Yes 0
14.850 PUBLIC AND INDIAN HOUSING $370,319 Yes 1

Contacts

Name Title Type
K2LKGLYKWN47 Bettye Moore Auditee
8703645095 Louis Barrale Auditor
No contacts on file

Notes to SEFA

The Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all Federal award programs of the Authority. All Federal awards received directly from Federal agencies as well as Federal awards passed through other governmental agencies or other entities are included in the Schedule. The information in this 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 (Uniform Guidance) Because the Schedule presents only a select position, changes in net position or cash flows of the Authority.
The Authority’s Schedule of Federal Awards has been prepared on the accrual basis of accounting. Grant revenue is recognized on the modified accrual bases and, when all applicable eligibility requirements are met in accordance with the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The criteria established by GASB for accrual-bases recognition require that all eligibility requirements must be met, and the revenues must be available. “Available” means that the government has collected the revenues in the current period or expects to collect them soon enough after the end of the period to use them to pay liabilities of the current period. Resources received or recognized as receivables before the time requirements are met are reported as deferred revenues. The Authority has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance.
In connection with various Federal grant programs the Authority is obligated to administer related programs and spend the funds in accordance with regulatory restrictions and is subject to audit by grantor agencies and other auditors. In cases of noncompliance, the agencies involved may require the Authority to refund program funds

Finding Details

Finding 2025-002
2025-002 Noncompliance with Period of Performance – CARES Funding Criteria: The CARES Act relief programs required that all expenses must have been incurred due to the COVID-19 emergency, and that the funds should be expended by the later extended deadline of December 31, 2022. Unexpended or unobligated funds at the end of the period must typically be returned to the federal government. Condition: During the audit period, it was noted that the housing authority had Deferred Credits-CARES Act that had been previously drawn down $15,252.71 in advance funds for the program. As of the fiscal year end, $15,252.71 remained unexpended and unreconciled. The entity did not return the excess funds to the grantor within the required timeframe and did not properly document any authorized carryover. Questioned Costs: $15,252.71 Effect: Noncompliance with federal requirements. Cause: Due to the prior management, there was inadequate monitoring of grant expenditures, lack of timely reconciliation procedures, and insufficient oversight of grant closeout. Recommendation: Implement monthly drawdown reconciliations aligned with actual expenditures, as well as establishing a formal closeout checklist. Furthermore, the Housing Authority should return the unexpended funds of $15,252.71 to the federal government.