FAC Explorer

Audit 51103

FY End
2022-12-31
Total Expended
$2.94M
Findings
0
Programs
6
Organization: Housing Authority of the City of Oshkosh (WI)
Year: 2022 Accepted: 2023-09-17
Auditor: Sva Certified Public Accountants S C

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $741,814 - 0
14.872 Public Housing Capital Fund $646,229 - 0
14.195 Section 8 Housing Assistance Payments Program $553,670 Yes 0
14.164 Operating Assistance for Troubled Multifamily Housing Projects $496,679 - 0
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $428,781 Yes 0
14.191 Multifamily Housing Service Coordinators $75,818 - 0

Contacts

Name Title Type
C1CUQNZL31G8 Wendy Fromm Auditee
9204241470 Sheri Springer 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 the Housing Authority of the City of Oshkosh (Authority) and Cumberland Court Master Development and Subsidiaries, LLC (LLC) under programs of the federal government for the year ended December 31, 2022 and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 the Authority and the LLC, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority or LLC. De Minimis Rate Used: N Rate Explanation: Expenditures reported on the Schedule are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not elected to use the 10 percent de Minimis indirect cost rate as allowed under the Uniform Guidance. OPERATING ASSISTANCE FOR TROUBLED MULTIFAMILY HOUSING PROJECTS (14.164) - Balances outstanding at the end of the audit period were 469523.