Audit 45347

FY End

2022-06-30

Total Expended

$871,757

Findings

2

Programs

2

Organization: Pope County Public Facilities Board (AR)

Year: 2022 Accepted: 2023-05-07

Auditor: Audit Solutions LLC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
42150	2022-001	Significant Deficiency	-	L
618592	2022-001	Significant Deficiency	-	L

ALN	Program	Spent	Major	Findings
14.871	Section 8 Housing Choice Vouchers	$31,224	Yes	0
14.896	Family Self-Sufficiency Program	$17,150	-	0

Contacts

Name	Title	Type
C2UYF16WN3N6	Beverly Massey	Auditee
4799685001	Shoaib Khar	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Pope County Public Facilities Board (Board) under programs of the federal government for the year ended June 30, 2022. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Board. NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Board has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001

2022-001. Late Audited FDS / Federal Clearinghouse Submission Criteria: I noted that the Authority did not submit the electronic transmission of their GAAP based audited Financial Data Schedule (FDS) to the Financial Assessment Subsystem of REAC and to the Federal Clearinghouse within the 9 months of their year-end. Condition: The Authority must submit the audited financial statement to REAC and to the Federal Clearinghouse within 9 months of the fiscal year. Questioned Costs: None noted. Effect: As a result, the Authority did not comply with the HUD requirement of submitting the audited FDS and Federal Clearinghouse within the time allotted. Cause: The Authority was not diligent enough to ensure that the aforementioned submissions were submitted within time due. Recommendation: I recommend that the Authority implement controls to ensure audited FDS and Federal Clearinghouse submissions are submitted in a timely manner.

Finding 2022-001

2022-001. Late Audited FDS / Federal Clearinghouse Submission Criteria: I noted that the Authority did not submit the electronic transmission of their GAAP based audited Financial Data Schedule (FDS) to the Financial Assessment Subsystem of REAC and to the Federal Clearinghouse within the 9 months of their year-end. Condition: The Authority must submit the audited financial statement to REAC and to the Federal Clearinghouse within 9 months of the fiscal year. Questioned Costs: None noted. Effect: As a result, the Authority did not comply with the HUD requirement of submitting the audited FDS and Federal Clearinghouse within the time allotted. Cause: The Authority was not diligent enough to ensure that the aforementioned submissions were submitted within time due. Recommendation: I recommend that the Authority implement controls to ensure audited FDS and Federal Clearinghouse submissions are submitted in a timely manner.