FAC Explorer

Audit 50447

FY End
2022-09-30
Total Expended
$178.50M
Findings
0
Programs
13
Organization: Vermont State Housing Authority (VT)
Year: 2022 Accepted: 2023-06-06
Auditor: Kittell Branagan & Sargent

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.023 Emergency Rental Assistance Program $46.55M Yes 0
14.871 Section 8 Housing Choice Vouchers $34.01M Yes 0
14.195 Section 8 Housing Assistance Payments Program $31.51M - 0
14.879 Mainstream Vouchers $2.94M Yes 0
14.267 Continuum of Care Program $1.08M - 0
10.415 Rural Rental Housing Loans $646,812 - 0
14.896 Family Self-Sufficiency Program $223,597 - 0
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $205,854 - 0
14.241 Housing Opportunities for Persons with Aids $189,774 - 0
14.879 Mainstream Vouchers - Ehv $175,160 Yes 0
14.276 Youth Homelessness Demonstration Program $153,560 - 0
93.778 Medical Assistance Program $45,668 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $40,623 - 0

Contacts

Name Title Type
YNZLHMRJDB19 Kelly Pembroke Auditee
8028283295 Gregory Sargent Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Vermont State Housing Authority 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 Vermont State Housing Authority, it is not intended to and does not present the financial position, changes in net assets or cash flows of Vermont State Housing Authority. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Vermont State Housing Authority has not elected to use to 10 percent de minimis cost rate as allowed under the Uniform Guidance because no indirect costs were allowed under the federal awards. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were $646,812.