FAC Explorer

Audit 45643

FY End
2022-06-30
Total Expended
$5.85M
Findings
2
Programs
2
Organization: Las Veggas Voa Elderly Housing, INC (desert Oasis) (VA)
Year: 2022 Accepted: 2022-12-26
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
46954 2022-001 - - A
623396 2022-001 - - A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $5.75M Yes 1
14.239 Home Investment Partnerships Program $100,000 Yes 0

Contacts

Name Title Type
FBUPLRN81C95 Vanessa Tran Auditee
7033415000 Jeff Maddox Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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 Project has not elected 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. SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 5327700. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 100000.

Finding Details

Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: Project funds may be used only for expenses that are reasonable and necessary to the operation of the project as provided for in the Regulatory Agreement between HUD and the project owner. Statement of Condition: The project paid expenses on behalf of another project in the amount of $6,570. Cause: Management processed an invoice for a related project out of the project?s accounts in error. Effect or Potential Effect: The property has a receivable from the related project in the amount of $6,570. Auditor Non-Compliance Code: G Questioned Costs: $6,570 Reporting Views of Responsible Officials: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570. Context: The project paid expenses on behalf of another project in the amount of $6,570. Recommendation: The related project should reimburse the Project for the costs paid. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570. Response Indicator: Agree Completion Date: August 11, 2022 Response: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570.
Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: Project funds may be used only for expenses that are reasonable and necessary to the operation of the project as provided for in the Regulatory Agreement between HUD and the project owner. Statement of Condition: The project paid expenses on behalf of another project in the amount of $6,570. Cause: Management processed an invoice for a related project out of the project?s accounts in error. Effect or Potential Effect: The property has a receivable from the related project in the amount of $6,570. Auditor Non-Compliance Code: G Questioned Costs: $6,570 Reporting Views of Responsible Officials: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570. Context: The project paid expenses on behalf of another project in the amount of $6,570. Recommendation: The related project should reimburse the Project for the costs paid. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570. Response Indicator: Agree Completion Date: August 11, 2022 Response: Management agrees with the finding. The related project will reimburse the Project for the costs in the amount of $6,570.