FAC Explorer

Audit 57108

FY End
2022-12-31
Total Expended
$1.81M
Findings
4
Programs
4
Organization: The Rodney Scheel House Foundation, Ltd. (WI)
Year: 2022 Accepted: 2023-03-23
Auditor: Wipfli LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
61628 2022-001 Significant Deficiency Yes P
61629 2022-001 Significant Deficiency Yes P
638070 2022-001 Significant Deficiency Yes P
638071 2022-001 Significant Deficiency Yes P

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $218,115 - 0
14.181 Supportive Housing for Persons with Disabilities $176,505 Yes 1
14.241 Housing Opportunities for Persons with Aids $42,095 - 0
21.027 Dane County Department of Human Services $15,000 - 0

Contacts

Name Title Type
MPLEDK66Q7G6 Kendra Eppler Auditee
6082463737 John Hemming, CPA Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. The Project did not have make any awards to subrecipients during the year. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of The Rodney Scheel House Foundation, Ltd. under programs of the federal government for the year ended December, 31, 2022. 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 Rodney Scheel House Foundation, Ltd., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Rodney Scheel House Foundation, Ltd.
Title: CAPITAL ADVANCE 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. The Project did not have make any awards to subrecipients during the year. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The balance of the capital advance from the Department of Housing and Urban Development at December 31, 2022 was $1,354,314. The balance of the Home Investment Partnership loan at December 31, 2022 was $218,115.
Title: SUBRECIPIENTS 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. The Project did not have make any awards to subrecipients during the year. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Rodney Scheel House Foundation, Ltd. did not use any subrecipients.

Finding Details

Finding 2022-001
Information on the Federal Program: Department of Housing and Urban Development, AL 14.181 Supportive Housing for Persons with Disabilities. Questioned Costs: None How the questioned costs were computed: N/A Condition: Required deposits for the year ended December 31, 2022 of replacement reserves of $6,900 and residual receipts of $23,964 were not remitted to the proper reserve accounts within the required timeframe. Criteria: Owners are required to remit an annual amount to the replacement and residual reserve accounts within the required timeframe. Cause: Due to the non-payment of HAP receivable from August 2022 to December 2022, the Project lacked sufficient operating cash to pay the required deposits. Effect: The total annual cash remittance to the replacement and residual receipts reserve accounts were not made in accordance with HUD guidelines. Repeat Finding: Yes Recommendation: Policies and procedures should be reviewed to ensure timely remittance of replacement and residual receipts reserve deposits into the proper reserve account within the required timeframe. Views of Responsible Officials and Planned Corrective Actions: The Rodney Scheel House Foundation, LTD. agrees with the finding. To ensure timely remittance, the Foundation will review policies and procedures and discuss requirements with the new property management company that became responsible for property management effective January 1, 2023.
Finding 2022-001
Information on the Federal Program: Department of Housing and Urban Development, AL 14.181 Supportive Housing for Persons with Disabilities. Questioned Costs: None How the questioned costs were computed: N/A Condition: Required deposits for the year ended December 31, 2022 of replacement reserves of $6,900 and residual receipts of $23,964 were not remitted to the proper reserve accounts within the required timeframe. Criteria: Owners are required to remit an annual amount to the replacement and residual reserve accounts within the required timeframe. Cause: Due to the non-payment of HAP receivable from August 2022 to December 2022, the Project lacked sufficient operating cash to pay the required deposits. Effect: The total annual cash remittance to the replacement and residual receipts reserve accounts were not made in accordance with HUD guidelines. Repeat Finding: Yes Recommendation: Policies and procedures should be reviewed to ensure timely remittance of replacement and residual receipts reserve deposits into the proper reserve account within the required timeframe. Views of Responsible Officials and Planned Corrective Actions: The Rodney Scheel House Foundation, LTD. agrees with the finding. To ensure timely remittance, the Foundation will review policies and procedures and discuss requirements with the new property management company that became responsible for property management effective January 1, 2023.
Finding 2022-001
Information on the Federal Program: Department of Housing and Urban Development, AL 14.181 Supportive Housing for Persons with Disabilities. Questioned Costs: None How the questioned costs were computed: N/A Condition: Required deposits for the year ended December 31, 2022 of replacement reserves of $6,900 and residual receipts of $23,964 were not remitted to the proper reserve accounts within the required timeframe. Criteria: Owners are required to remit an annual amount to the replacement and residual reserve accounts within the required timeframe. Cause: Due to the non-payment of HAP receivable from August 2022 to December 2022, the Project lacked sufficient operating cash to pay the required deposits. Effect: The total annual cash remittance to the replacement and residual receipts reserve accounts were not made in accordance with HUD guidelines. Repeat Finding: Yes Recommendation: Policies and procedures should be reviewed to ensure timely remittance of replacement and residual receipts reserve deposits into the proper reserve account within the required timeframe. Views of Responsible Officials and Planned Corrective Actions: The Rodney Scheel House Foundation, LTD. agrees with the finding. To ensure timely remittance, the Foundation will review policies and procedures and discuss requirements with the new property management company that became responsible for property management effective January 1, 2023.
Finding 2022-001
Information on the Federal Program: Department of Housing and Urban Development, AL 14.181 Supportive Housing for Persons with Disabilities. Questioned Costs: None How the questioned costs were computed: N/A Condition: Required deposits for the year ended December 31, 2022 of replacement reserves of $6,900 and residual receipts of $23,964 were not remitted to the proper reserve accounts within the required timeframe. Criteria: Owners are required to remit an annual amount to the replacement and residual reserve accounts within the required timeframe. Cause: Due to the non-payment of HAP receivable from August 2022 to December 2022, the Project lacked sufficient operating cash to pay the required deposits. Effect: The total annual cash remittance to the replacement and residual receipts reserve accounts were not made in accordance with HUD guidelines. Repeat Finding: Yes Recommendation: Policies and procedures should be reviewed to ensure timely remittance of replacement and residual receipts reserve deposits into the proper reserve account within the required timeframe. Views of Responsible Officials and Planned Corrective Actions: The Rodney Scheel House Foundation, LTD. agrees with the finding. To ensure timely remittance, the Foundation will review policies and procedures and discuss requirements with the new property management company that became responsible for property management effective January 1, 2023.