FAC Explorer

Audit 73218

FY End
2022-03-31
Total Expended
$786,285
Findings
2
Programs
2
Organization: Housing Authority of the City of New Iberia (LA)
Year: 2022 Accepted: 2022-12-18
Auditor: Aprio LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
79316 2022-001 Material Weakness Yes N
655758 2022-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.872 Public Housing Capital Fund $195,375 - 0
14.850 Public and Indian Housing $71,806 - 0

Contacts

Name Title Type
KSS2VYZN8LW3 Janice Wade Auditee
3373645515 Tom Carr Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTE 1 BASIS OF PRESENTATION The above Schedule of Expenditures of Federal Awards includes the federal award activity of the Authority under programs of the federal government for the year ended March 31, 2022. Because the Schedule presents only a selected portion of operations of the Authority, it is not intended to and does not present the financial net position, changes in net position, or cash flows of the Authority. NOTE 2 SUMMARY OF SIGNIFICANT 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 allowed or are limited as to reimbursement.NOTE 3 INDIRECT COST RATE The Authority has elected not to use the 10% De Minimus Indirect Cost Rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Finding 2022-001 ? Lack of Controls over Annual Tenant Re-examinations and Assistance Calculations (Material Non-Compliance, Material Weakness) Public Housing Program ? CFDA No. 14.850a; Grant period ? fiscal year ended March 31, 2022 Criteria Housing Authorities administering rental assistance programs are required to re-examine family eligibility and rental assistance calculations annually. Condition Out of a sample of ten tenant eligibility and rent calculation reexaminations, ten of the reexaminations were not performed timely. Cause Failure to perform annual re-examinations and rent calculations timely. Effect Eligibility and rent determinations based on outdated information. Questioned Costs ? None noted. Recommendation We recommend that the Authority perform tenant re-examinations and rent calculations annually. Reply The Authority has performed all applicable tenant re-examinations and rent calculations as of March 31, 2022. Dr. Janice Wade, Executive Director, directed the completion of the re-examinations as of March 31, 2022, and has assumed the responsibility of executing timely tenant re-examinations annually thereafter.
Finding 2022-001
Finding 2022-001 ? Lack of Controls over Annual Tenant Re-examinations and Assistance Calculations (Material Non-Compliance, Material Weakness) Public Housing Program ? CFDA No. 14.850a; Grant period ? fiscal year ended March 31, 2022 Criteria Housing Authorities administering rental assistance programs are required to re-examine family eligibility and rental assistance calculations annually. Condition Out of a sample of ten tenant eligibility and rent calculation reexaminations, ten of the reexaminations were not performed timely. Cause Failure to perform annual re-examinations and rent calculations timely. Effect Eligibility and rent determinations based on outdated information. Questioned Costs ? None noted. Recommendation We recommend that the Authority perform tenant re-examinations and rent calculations annually. Reply The Authority has performed all applicable tenant re-examinations and rent calculations as of March 31, 2022. Dr. Janice Wade, Executive Director, directed the completion of the re-examinations as of March 31, 2022, and has assumed the responsibility of executing timely tenant re-examinations annually thereafter.