FAC Explorer

Audit 56173

FY End
2022-09-30
Total Expended
$6.41M
Findings
2
Programs
3
Organization: Rowan County Housing Authority (NC)
Year: 2022 Accepted: 2023-06-27
Auditor: Gregory T Redman

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
58699 2022-001 Significant Deficiency - L
635141 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $4.96M - 1
14.850 Public and Indian Housing $1.11M Yes 0
14.872 Public Housing Capital Fund $342,382 Yes 0

Contacts

Name Title Type
DZDKLLCR8PP7 Jamie Lester Auditee
7046338949 Greg Redman Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Rowan County Housing Authority under the programs of the federal government for the year ended September 30, 2022. The information in the SEFA 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 and the State Single Audit Implementation Act. Because the Schedules presents only a selected portion of the operations of Rowan County Housing Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of Rowan County Housing Authority. Expenditures reported in the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Section III ? Federal Award Findings and Questioned Costs 2022-001: Reporting Federal Agency: U. S. Department of Housing and Urban Development Federal program: Housing Choice Vouchers ALN#: 14.871 Award Period: 10/1/21-9/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Section 8 Management Assessment Program certification is required by 24 CFR 985.101 which requires a Public Housing Agency (PHA) administering a Section 8 tenant-based assistance program to submit an annual SEMAP Certification within 60 days after the end of its fiscal year. Condition: The Authority did not file the SEMAP certification for the year ended September 30, 2022. Questioned Cost: None Cause: Oversight. Effect: The information from the PHA concerns the performance of the PHA and provides assurance that there is no evidence of seriously deficient performance. HUD uses the information and other data to assess PHA management capabilities and deficiencies, and to assign an overall performance rating to the PHA. Identification of a repeat finding: None Recommendation: The Board and management should establish internal controls and implement them in order to ensure that all reports are completed and submitted timely. Views of responsible officials and planned corrective actions: The Authority agrees with this finding and will adhere to the corrective action plan in this audit report.
Finding 2022-001
Section III ? Federal Award Findings and Questioned Costs 2022-001: Reporting Federal Agency: U. S. Department of Housing and Urban Development Federal program: Housing Choice Vouchers ALN#: 14.871 Award Period: 10/1/21-9/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Section 8 Management Assessment Program certification is required by 24 CFR 985.101 which requires a Public Housing Agency (PHA) administering a Section 8 tenant-based assistance program to submit an annual SEMAP Certification within 60 days after the end of its fiscal year. Condition: The Authority did not file the SEMAP certification for the year ended September 30, 2022. Questioned Cost: None Cause: Oversight. Effect: The information from the PHA concerns the performance of the PHA and provides assurance that there is no evidence of seriously deficient performance. HUD uses the information and other data to assess PHA management capabilities and deficiencies, and to assign an overall performance rating to the PHA. Identification of a repeat finding: None Recommendation: The Board and management should establish internal controls and implement them in order to ensure that all reports are completed and submitted timely. Views of responsible officials and planned corrective actions: The Authority agrees with this finding and will adhere to the corrective action plan in this audit report.