FAC Explorer

Audit 52352

FY End
2022-09-30
Total Expended
$2.41M
Findings
4
Programs
2
Organization: Oxford Senior Housing, INC D/b/a Oxford House Apartments (AL)
Year: 2022 Accepted: 2023-02-05
Auditor: Borland Benefield PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
47365 2022-001 - - P
47366 2022-001 - - P
623807 2022-001 - - P
623808 2022-001 - - P

Programs

ALN Program Spent Major Findings
14.157 Section 202 - Capital Advance $2.24M Yes 1
14.157 Section 202 - Project Rental Assistance $178,145 Yes 1

Contacts

Name Title Type
HNLXJMD36274 Rex Snyder Auditee
2059331020 Michelle Granberry 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 Oxford Senior Housing, Inc. D/B/A Oxford House Apartments (HUD Project No. 062-EE015), 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 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 Project, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SECTION 202 - CAPITAL ADVANCE (14.157) - Balances outstanding at the end of the audit period were 2235214.

Finding Details

Finding 2022-001
2022-001 ? Noncompliance with Single Audit Submission Requirements Criteria ? Per Uniform Guidance 2 CFR 200.512(a), the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report(s), or 9 months after the end of the fiscal year ?whichever comes first. Condition ? The Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Cause ? Inadequate monitoring of the final audit required submission. Normally the management company relies on the auditor to meet the final requirement; however in this case, the company changed auditors. The focus of the management company is heavily on HUD submissions and compliance and not necessarily on submission to FAC Effect ? Noncompliance with Single Audit Requirements Questioned Costs ? None Recommendation ? Organization should ensure that future single audits are submitted timely and ensure that fiscal year 2021 single audit is submitted.
Finding 2022-001
2022-001 ? Noncompliance with Single Audit Submission Requirements Criteria ? Per Uniform Guidance 2 CFR 200.512(a), the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report(s), or 9 months after the end of the fiscal year ?whichever comes first. Condition ? The Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Cause ? Inadequate monitoring of the final audit required submission. Normally the management company relies on the auditor to meet the final requirement; however in this case, the company changed auditors. The focus of the management company is heavily on HUD submissions and compliance and not necessarily on submission to FAC Effect ? Noncompliance with Single Audit Requirements Questioned Costs ? None Recommendation ? Organization should ensure that future single audits are submitted timely and ensure that fiscal year 2021 single audit is submitted.
Finding 2022-001
2022-001 ? Noncompliance with Single Audit Submission Requirements Criteria ? Per Uniform Guidance 2 CFR 200.512(a), the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report(s), or 9 months after the end of the fiscal year ?whichever comes first. Condition ? The Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Cause ? Inadequate monitoring of the final audit required submission. Normally the management company relies on the auditor to meet the final requirement; however in this case, the company changed auditors. The focus of the management company is heavily on HUD submissions and compliance and not necessarily on submission to FAC Effect ? Noncompliance with Single Audit Requirements Questioned Costs ? None Recommendation ? Organization should ensure that future single audits are submitted timely and ensure that fiscal year 2021 single audit is submitted.
Finding 2022-001
2022-001 ? Noncompliance with Single Audit Submission Requirements Criteria ? Per Uniform Guidance 2 CFR 200.512(a), the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report(s), or 9 months after the end of the fiscal year ?whichever comes first. Condition ? The Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Cause ? Inadequate monitoring of the final audit required submission. Normally the management company relies on the auditor to meet the final requirement; however in this case, the company changed auditors. The focus of the management company is heavily on HUD submissions and compliance and not necessarily on submission to FAC Effect ? Noncompliance with Single Audit Requirements Questioned Costs ? None Recommendation ? Organization should ensure that future single audits are submitted timely and ensure that fiscal year 2021 single audit is submitted.