FAC Explorer

Audit 54533

FY End
2022-12-31
Total Expended
$1.16M
Findings
2
Programs
2
Organization: Lewisburg Housing Authority (TN)
Year: 2022 Accepted: 2023-06-27
Auditor: Smith Marion & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
58137 2022-001 Significant Deficiency - N
634579 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.872 Public Housing Capital Fund $594,309 Yes 1
14.850 Public and Indian Housing $566,224 - 0

Contacts

Name Title Type
KDV2VS3ELMW8 Ronald Robinson Auditee
9313594517 Chad Porter Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1: BASIS OF ACCOUNTINGThe accompanying schedule of expenditures of federal awards includes the federal grant activity of the Authority and is presented on the accrual basis of accounting. Therefore, the amounts presented in this schedule are presented, or used in the preparation of the basic financial statements.NOTE 2: SCOPE OF PRESENTATIONThe accompanying schedule presents the expenditures incurred (and related awards received) by the Authority that are reimbursable under federal programs of federal agencies providing financial assistance and state awards. For the purposes of this schedule, only the portion of program expenditures reimbursable with such federal or state funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal or state reimbursement authorized or the portion of the program expenditures that were funded with local or other nonfederal funds are excluded from the accompanying schedule. De Minimis Rate Used: N Rate Explanation: The Authority has not elected to use the 10% de minimis indirect cost rate allowed in the Uniform Guidance.

Finding Details

Finding 2022-001
Section III Federal Awards Findings US Department of Housing and Urban Development Significant Deficiency Program Name: Public Housing Capital Fund ALN Number: 14.872 2022-001 Description: Special Tests Criteria: The Authority receives federal funding from the U.S. Department of Housing and Urban Development (HUD) under two programs. A portion of the Authority?s federal funding is received under the Capital Fund Program (CFP). The CFP provides financial assistance to public housing authorities to make improvements to existing public housing units. Compliance with regard to this finding can be found at 24CFR905.104. Condition and Context: Per 24CFR905.104, all HUD approvals required in this part must be in writing and from an official designated to grant such approval. Prior to receiving HUD's written approval of the Authorities budget change request. The Authority requested and received a disbursement of 1480 "General Capital Activity" funds and treated these funds as if they were 1406 "Operation" funds. Cause: The cause of this noncompliance is due to the lack of understanding when funds can be disbursed to the Authority. Effect: The effect of this noncompliance is the potential for HUD to impose sanctions on the PHA, which can be found at 24CFR905.804. Recommendations: Management should obtain written HUD approval of any budget change before requesting funds from the updated budget. Management Views: Management agrees. See CAP
Finding 2022-001
Section III Federal Awards Findings US Department of Housing and Urban Development Significant Deficiency Program Name: Public Housing Capital Fund ALN Number: 14.872 2022-001 Description: Special Tests Criteria: The Authority receives federal funding from the U.S. Department of Housing and Urban Development (HUD) under two programs. A portion of the Authority?s federal funding is received under the Capital Fund Program (CFP). The CFP provides financial assistance to public housing authorities to make improvements to existing public housing units. Compliance with regard to this finding can be found at 24CFR905.104. Condition and Context: Per 24CFR905.104, all HUD approvals required in this part must be in writing and from an official designated to grant such approval. Prior to receiving HUD's written approval of the Authorities budget change request. The Authority requested and received a disbursement of 1480 "General Capital Activity" funds and treated these funds as if they were 1406 "Operation" funds. Cause: The cause of this noncompliance is due to the lack of understanding when funds can be disbursed to the Authority. Effect: The effect of this noncompliance is the potential for HUD to impose sanctions on the PHA, which can be found at 24CFR905.804. Recommendations: Management should obtain written HUD approval of any budget change before requesting funds from the updated budget. Management Views: Management agrees. See CAP