FAC Explorer

Audit 48698

FY End
2022-09-30
Total Expended
$11.62M
Findings
2
Programs
3
Organization: North East Community Action Corporation and Subsidiaries (MO)
Year: 2022 Accepted: 2023-04-02
Auditor: Botz Deal and Company PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
43092 2022-001 - Yes L
619534 2022-001 - Yes L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $10.77M Yes 1
14.879 Mainstream Vouchers $742,266 - 0
14.896 Family Self-Sufficiency Program $106,124 - 0

Contacts

Name Title Type
PTLZTCSMVH95 Vicky Pritchett Auditee
5733222231 Michele Graham, CPA Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 - BASIS OF PRESENTATION Accounting Policies: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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. De Minimis Rate Used: N Rate Explanation: NOTE 3 - INDIRECT COST RATEThe Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lincoln County Public Housing Agency under programs of the federal government for the year ended September 30, 2021. 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 Lincoln County Public Housing Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lincoln County Public Housing Agency.

Finding Details

Finding 2022-001
2022-001 U.S. Department of Housing and Urban Development Section 8 Housing Choice Vouchers CFDA No. 14.871 ? (Repeat Finding) Condition and Criteria: The Agency is to enter their financial documents utilizing the Real Estate Assessment Center?s (REAC) Financial Assessment Submission (FASS/PHA). The Agency has not submitted the financial documents within the prescribed timeframe. Cause: Procedures are in place for timely submission, but due to technical issues, the financial documents have not been entered in REAC in a timely manner. Effect: There is a possibility that sanctions could be imposed if they continue to be delinquent in their financial submissions. Context: The Agency is aware of the reporting requirement and has contacted HUD to obtain assistance in completing the annual submissions. Reports for fiscal year 2012 - 2016 have been accepted by HUD and therefore, all delinquent submissions have been completed. Auditor?s Recommendation: The Agency should continue to ensure timely filing going forward. Views of Responsible Officials and Planned Corrective Actions: The Agency concurs and is implementing this recommendation.
Finding 2022-001
2022-001 U.S. Department of Housing and Urban Development Section 8 Housing Choice Vouchers CFDA No. 14.871 ? (Repeat Finding) Condition and Criteria: The Agency is to enter their financial documents utilizing the Real Estate Assessment Center?s (REAC) Financial Assessment Submission (FASS/PHA). The Agency has not submitted the financial documents within the prescribed timeframe. Cause: Procedures are in place for timely submission, but due to technical issues, the financial documents have not been entered in REAC in a timely manner. Effect: There is a possibility that sanctions could be imposed if they continue to be delinquent in their financial submissions. Context: The Agency is aware of the reporting requirement and has contacted HUD to obtain assistance in completing the annual submissions. Reports for fiscal year 2012 - 2016 have been accepted by HUD and therefore, all delinquent submissions have been completed. Auditor?s Recommendation: The Agency should continue to ensure timely filing going forward. Views of Responsible Officials and Planned Corrective Actions: The Agency concurs and is implementing this recommendation.