FAC Explorer

Audit 404966

FY End
2025-09-30
Total Expended
$83.46M
Findings
3
Programs
9
Organization: Park City Communities, INC (CT)
Year: 2025 Accepted: 2026-06-25
Auditor: COHNREZNICK LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1218924 2025-001 Material Weakness Yes EN
1218925 2025-001 Material Weakness Yes EN
1218926 2025-002 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.850 PUBLIC HOUSING OPERATING FUND $16.45M Yes 1
14.872 PUBLIC HOUSING CAPITAL FUND $9.51M Yes 0
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $1.08M Yes 0
14.249 SECTION 8 MODERATE REHABILITATION SINGLE ROOM OCCUPANCY $1.05M Yes 0
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $661,863 Yes 1
14.892 CHOICE NEIGHBORHOODS PLANNING GRANTS $326,762 Yes 0
14.870 RESIDENT OPPORTUNITY AND SUPPORTIVE SERVICES - SERVICE COORDINATORS $158,109 Yes 0
14.896 FAMILY SELF-SUFFICIENCY PROGRAM $37,398 Yes 0
14.901 HEALTHY HOMES WEATHERIZATION COOPERATION DEMONSTRATION GRANTS $22,770 Yes 0

Contacts

Name Title Type
N3REFJLLS419 Alan Cashmore Auditee
2033378968 Melissa Ferrucci Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Park City Communities ("Park City") under programs of the federal government for the year ended September 30, 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 Park City, it is not intended to and does not present the financial position, changes in net position, or cash flows of Park City.
Below is a schedule summarizing the status of the capital fund grants of the entity: 2025 Current Grant Grant Prior Year Cumulative Unexpended Number Authorization Expenses Expenses Expenses Balance CT26P001501-20 $6,885,610 $4,423,347 $413,585 $4,836,932 $2,048,678 CT26P001501-21 7,264,281 5,803,244 1,461,037 7,264,281 - CT26P001501-22 8,361,185 2,798,755 3,661,439 6,460,194 1,900,991 CT26H001501-22 5,000,000 - 313,000 313,000 4,687,000 CT26P001501-23 8,491,746 2,943,662 160,528 3,104,190 5,387,556 CT26E001501-23 250,000 - - - 250,000 CT26P001501-24 8,726,234 2,641,080 1,126,664 3,767,744 4,958,490 CT26P001501-25 8,563,898 - 2,378,480 2,378,480 6,185,418 Total $53,542,954 $18,610,088 $9,514,733 $28,124,821 $25,418,133
There were no monies passed through to subrecipients
The amounts reported in the Schedule are reconciled with the amounts reported in Park City's financial statement as follows: Reconciliation of grant revenue to the audited financial statements Operating grant revenue $ 74,308,527 Capital grant revenue (soft costs) 3,014,990 Capital grant revenue 7,584,191 Total grant revenue 84,907,708 Housing Choice Voucher restricted net position (1,447,727) Total grant expenditures $83,459,981

Finding Details

Finding 2025-001
2025-001 - Eligibility and Special Tests and Provisions: Housing Voucher Cluster (FALN #14.871) United States Department of Housing and Urban Development Federal Award Identification Number and Year: CT001VO0325 Criteria HUD regulations of Annual Income (24 CFR § 5.609), Eligible Family Status (24 CFR § 5.403), Citizenship and Eligible Immigrant Status (24 CFR § 5.506) and Disclosure of Social Security Numbers (24 CFR § 5.216) require the collection and retention of certain tenant information to document the eligibility determination for each recipient. Condition The results of our testing indicated that certain items were unable to be located in the file, as follows: ● In five instances, supporting documentation (Form HUD‑52580) was not available to verify that HQS inspections were completed and passed. ● In five instances, social security verification was missing from the tenant file. ● In six instances, income verification form was missing from the tenant file or not performed timely. ● In fourteen instances, signed HAP contracts were not maintained in the tenant file for review. ● In one instance, income was incorrectly calculated on Form HUD‑50058. Questioned Costs Not determinable. Context We selected a sample of 60 files for review. Our sample was a statistically valid sample. Effect or Possible Effect The tenant file documentation was incomplete and tenant income verification was not performed timely. Cause The cause is unknown. Identification as a Repeat Finding This finding is a repeat finding (see prior year finding number: 2024-001). Recommendation We recommend that Park City continue to improve its internal processes to ensure tenant files contain the required documentation and tenant income verification is performed timely. Park City's Response A memo relating to HUD and PHA verification requirements has been issued to staff. The Utility Allowance Schedule set up in Park City's software has been confirmed for accuracy. Staff have been reminded to ensure the appropriate Utility Allowance Schedule is applied during processing of transactions. In addition, internal quarterly quality control reviews are in place.
Finding 2025-002
2025-002 - Eligibility: Public Housing Operating Fund (FALN #14.850) United States Department of Housing and Urban Development Federal Award Identification Number and Year: CT00100004424D Criteria HUD regulations of Annual Income (24 CFR § 5.609), Eligible Family Status (24 CFR § 5.403), Citizenship and Eligible Immigrant Status (24 CFR § 5.506) and Disclosure of Social Security Numbers (24 CFR § 5.216) require the collection and retention of certain tenant information to document the eligibility determination for each recipient. Condition The results of our testing indicated that certain items were not completed in a timely matter as follows: ● In fifteen instances, income verification form not found in file or performed timely. Questioned Costs Not determinable. Context We selected a sample of 60 files for review. Our sample was a statistically valid sample. Effect or Possible Effect The tenant income verification was not performed timely. Cause The cause is unknown. Identification as a Repeat Finding This finding is a repeat finding (see prior year finding number: 2024-002). Recommendation We recommend that Park City continue to improve its internal processes to ensure tenant income verification is performed timely. Park City's Response Park City has implemented a secure, digital document management protocol requiring that all income verification forms and re-examination documents be scanned and stored within Yardi, the newly adopted digital management system. This transition ensures that all records are accurately maintained, securely stored, and readily accessible for audits and inspections. By digitizing these critical documents, Park City is enhancing regulatory compliance, reducing administrative inefficiencies, and strengthening data integrity. This approach aligns with best practices for record retention and enables swift retrieval of documentation to meet oversight and inspection requirements.