FAC Explorer

Audit 415757

FY End
2026-03-31
Total Expended
$19.57M
Findings
1
Programs
5
Organization: Housing Authority of the City of Independence (MO)
Year: 2026 Accepted: 2026-11-06
Auditor: SMITH MARION & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1241742 2026-001 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $15.51M Yes 0
14.872 PUBLIC HOUSING CAPITAL FUND $2.12M Yes 1
14.850 PUBLIC HOUSING OPERATING FUND $1.74M Yes 0
14.895 JOBS-PLUS PILOT INITIATIVE $112,941 Yes 0
14.870 RESIDENT OPPORTUNITY AND SUPPORTIVE SERVICES - SERVICE COORDINATORS $91,478 Yes 0

Contacts

Name Title Type
M7HSMS617Z56 Tina Bartlett Auditee
8169940204 Cole Monroe Auditor
No contacts on file

Notes to SEFA

The accompanying schedule presents the expenditures incurred (and related awards received) by Independence Housing Authority (the Authority) that are reimbursable under federal programs of federal agencies providing financial assistance awards. For the purpose of this schedule, only the portion of the program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with local or other nonfederal funds are excluded from the accompanying schedule. This schedule also only includes the amounts expended by the Authority.
The expenditures included in the accompanying schedule were reported on the accrual basis of accounting. Expenditures are recognized in the accounting period in which the related liability is incurred. Expenditures reported included any property or equipment acquisitions incurred under the federal program. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
The Authority has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, section 414.

Finding Details

Finding 2026-001
Questioned Costs: None. The U.S. Department of Housing and Urban Development Capital Fund Guidebook 2016 states that the PHA can draw funds up to, but not more than, 3 days in advance of a valid expense and should draw the amount needed to cover such costs. The PHA did not spend CFP money that was drawn down within the 3 day window. We noted that the PHA has deferred CFP revenue account of $15,076, which indicates that the CFP money drawn down from the 2025 CFP year had not yet been spent. The PHA had a lack of proper internal control procedures surrounding the cash management of the CFP program. The lack of controls surrounding the cash management caused the PHA to have unspent CFP money at year end. Establish proper CFP procedures to ensure proper handling of CFP draw downs. Fund drawn after payment or very near payment date of related purchases. Agrees with auditor finding.