FAC Explorer

Audit 41092

FY End
2022-06-30
Total Expended
$8.58M
Findings
0
Programs
6
Organization: Housing Authority of the County of Wake (NC)
Year: 2022 Accepted: 2023-03-20
Auditor: T Peter Oke-Bello CPA

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $4.07M Yes 0
14.850 Public and Indian Housing $2.17M Yes 0
14.872 Public Housing Capital Fund $1.85M Yes 0
14.999 Public Housing Cares Act $229,050 - 0
14.879 Mainstream Vouchers $149,411 - 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $117,339 - 0

Contacts

Name Title Type
CXGAHCCNEGA7 R. Dawn Fagan Auditee
9192696404 T Peter Oke-Bello Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note 1: Basis of PresentationNote 2: Summary of Significant Accounting PoliciesThe Authority has elected not to use the 10% de minimis indirect rate allowed under Uniform Guidance.Expenditures reported in the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.TheaccompanyingscheduleofexpendituresoffederalawardsincludesthefederalgrantactivityofHousingAuthorityoftheCountyofWakefortheyearendedJune30,2022.TheinformationinthisSEFAispresentedinaccordancewiththerequirementsofTitle2USCodeofFederalRegulationsPart200,UniformAdministrativeRequirements,CostPrinciplesandAuditRquirementsforFederalAwards.BecausetheSchedulepesentsonlyaselectedportionoftheoperationsofHousingAuthorityoftheCountyofWake,itisnotintendedtoanddoesnotpresentthefinancialposition,changesinnetpositionor cash flows of HACW.HOUSING AUTHORITY OF THE COUNTY OF WAKESchedule of Expenditures of Federal AwardsFor the Fiscal Year Ended June 30, 202245 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.