FAC Explorer

Audit 53283

FY End
2022-06-30
Total Expended
$4.35M
Findings
2
Programs
2
Organization: Whispering Hope, Inc. (LA)
Year: 2022 Accepted: 2022-11-14
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
50775 2022-001 - - A
627217 2022-001 - - A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $4.30M Yes 1
14.239 Home Investment Partnerships Program $52,940 Yes 0

Contacts

Name Title Type
T6MMXWE8WMD4 Lolita Ceasar Auditee
3374330219 Bryan Beale Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures 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. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 4297550. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 52940.

Finding Details

Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: According to the regulatory agreement, disbursements from restricted funds may only be made after receiving written consent from HUD. Statement of Condition: HUD approval was not granted for disbursements from the restricted accounts. Cause: The Project needed funds due to the impact of Hurricanes Laura and Delta. Effect or Potential Effect: The restricted account was underfunded by the amount of the withdrawals. Auditor Non-Compliance Code: A Questioned Costs: $96,000 Reporting Views of Responsible Officials: Management agrees with the finding. Management repaid the funds on June 10, 2022. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should replenish the restricted account for the unapproved withdrawals. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management repaid the funds on June 10, 2022. Response Indicator: Agree Completion Date: June 10, 2022 Response: Management agrees with the finding. Management repaid the funds on June 10, 2022.
Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: According to the regulatory agreement, disbursements from restricted funds may only be made after receiving written consent from HUD. Statement of Condition: HUD approval was not granted for disbursements from the restricted accounts. Cause: The Project needed funds due to the impact of Hurricanes Laura and Delta. Effect or Potential Effect: The restricted account was underfunded by the amount of the withdrawals. Auditor Non-Compliance Code: A Questioned Costs: $96,000 Reporting Views of Responsible Officials: Management agrees with the finding. Management repaid the funds on June 10, 2022. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should replenish the restricted account for the unapproved withdrawals. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management repaid the funds on June 10, 2022. Response Indicator: Agree Completion Date: June 10, 2022 Response: Management agrees with the finding. Management repaid the funds on June 10, 2022.