FAC Explorer

Audit 54955

FY End
2022-06-30
Total Expended
$1.06M
Findings
2
Programs
2
Organization: Villa Del Asociado Jenaro Cortes, Inc. (PR)
Year: 2022 Accepted: 2023-03-30
Auditor: Ojeda CPA Group Psc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
59277 2022-001 - - N
635719 2022-001 - - N

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $795,112 Yes 1
14.182 Section 8 New Construction and Substantial Rehabilitation $263,261 - 0

Contacts

Name Title Type
X1GME8CKPTM7 Reynaldo Oliva Auditee
7872741100 Eduardo Ojeda Figueroa Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: BASISI OF PRESENTATIONThe accompanying schedule of expenditures of expenditures of federal awards includes the federal grant activity of the Corporation 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 regulation Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), as revised. Therefore, some amounts presented in this schedule may differed from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SECTION 8 NEW CONSTRUCTION AND SUBSTANTIAL REHABILITATION (14.182) - Balances outstanding at the end of the audit period were 189220.

Finding Details

Finding 2022-001
For the year ended June 30, 2022, 2022-001 Criteria The PHA must document the annual inspections and certifications of its tenants. Condition During our audit examination, we observed that forty (40) tenant files were missing from the annual management room inspections. Cause Management explains that due to the COVID-19 Pandemic, all inspections scheduled for 2022 had to be postponed. The reason for postponing these inspections is to prevent the spread of the virus and avoid contact between people. The inspections were rescheduled for early 2023. Effect Because Management has not performed the HUD-required annual manual inspections, it may be in non-compliance with HUD-imposed requirements. Management has the urgency to reschedule the inspections as soon as possible and comply with HUD requirements because it exposes the Corporation to fines and/or being penalized. Questioned cost None Recommendation We recommend reprogramming inspections not performed on units for 2023 to avoid entering noncompliance with HUD requirements.
Finding 2022-001
For the year ended June 30, 2022, 2022-001 Criteria The PHA must document the annual inspections and certifications of its tenants. Condition During our audit examination, we observed that forty (40) tenant files were missing from the annual management room inspections. Cause Management explains that due to the COVID-19 Pandemic, all inspections scheduled for 2022 had to be postponed. The reason for postponing these inspections is to prevent the spread of the virus and avoid contact between people. The inspections were rescheduled for early 2023. Effect Because Management has not performed the HUD-required annual manual inspections, it may be in non-compliance with HUD-imposed requirements. Management has the urgency to reschedule the inspections as soon as possible and comply with HUD requirements because it exposes the Corporation to fines and/or being penalized. Questioned cost None Recommendation We recommend reprogramming inspections not performed on units for 2023 to avoid entering noncompliance with HUD requirements.