FAC Explorer

Audit 49532

FY End
2022-03-31
Total Expended
$28.26M
Findings
0
Programs
8
Organization: Somerville Housing Authority (MA)
Year: 2022 Accepted: 2022-12-21
Auditor: Marcum LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.872 Public Housing Capital Fund $1.43M - 0
14.871 Section 8 Housing Choice Vouchers $1.17M Yes 0
14.879 Mainstream Vouchers $679,856 Yes 0
14.896 Family Self-Sufficiency Program $147,736 - 0
14.182 Section 8 New Construction and Substantial Rehabilitation $140,320 - 0
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $114,603 - 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $79,200 - 0
14.850 Public and Indian Housing $36,566 Yes 0

Contacts

Name Title Type
HKNFBGSHG2H3 Kelly Yin Auditee
6176251152 Michael Guyder Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal grant activity of Somerville Housing Authority, under programs of the federalgovernment for the year ended March 31, 2022. The information in the schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirement, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the schedule presents only a selected portion of theoperations of Somerville Housing Authority, it is not intended to and does not present thefinancial position, changes in net position or cash flows of Somerville Housing Authority.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the accrual basis of accounting. Forcost-reimbursement awards, such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement. For performance-based awards, expenditures reportedrepresent amounts earned. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.