FAC Explorer

Audit 87232

FY End
2022-06-30
Total Expended
$5.93M
Findings
2
Programs
4
Organization: Kankakee County Housing Authority (IL)
Year: 2022 Accepted: 2023-01-04
Auditor: Hawkins Ash CPAS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
86899 2022-001 Significant Deficiency - N
663341 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.850 Public and Indian Housing $1.45M Yes 1
14.872 Public Housing Capital Fund $596,110 - 0
14.896 Family Self-Sufficiency Program $46,198 - 0
14.871 Section 8 Housing Choice Vouchers $14,676 - 0

Contacts

Name Title Type
NR5QP3UEEL61 Randy McGill Auditee
8159397125 Monica Hauser Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Kankakee County Housing Authority has elected not to use the 10 percent de mininus 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. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Kankakee County Housing Authority 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 Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the presentation of, the financial statements.
Title: DISCLOSURE OF OTHER FORMS OF ASSISTANCE Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Kankakee County Housing Authority has elected not to use the 10 percent de mininus 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. The Kankakee County Housing Authority received no federal awards of non-monetary assistance that are required to be disclosed for the fiscal year ended June 30, 2022.The Kankakee County Housing Authority had no loans or loan guarantees required to be disclosed for the fiscal year ended June 30, 2022.

Finding Details

Finding 2022-001
Item 2022-001 - Operating Budget Program: Public and Indian Housing Requirement: A budget must be developed and maintained for each Public Housing project, including analysis actual revenues and expenses. Prior to the beginning of its fiscal year, the budget must be reviewed and approved by Board resolution and submitted to HUD. Condition: The 2022 operating budget was not submitted and approved before the beginning of the fiscal year. Questioned Cost: Not applicable. Cause: The operating budget was not submitted and approved before the beginning of the fiscal year. Effect: The budget approval is not in compliance with HUD regulations. Prior Year Finding: This was not a prior year audit finding. Information: Sampling was not applicable to this finding and systematic problem. Recommendation: We recommend that the Board of Commissioners be provided with a Public Housing budget in adequate time to approve within HUD guidelines. Management?s Response: The Executive Director will start the budget process timely and present to the Board at the May meeting each year.
Finding 2022-001
Item 2022-001 - Operating Budget Program: Public and Indian Housing Requirement: A budget must be developed and maintained for each Public Housing project, including analysis actual revenues and expenses. Prior to the beginning of its fiscal year, the budget must be reviewed and approved by Board resolution and submitted to HUD. Condition: The 2022 operating budget was not submitted and approved before the beginning of the fiscal year. Questioned Cost: Not applicable. Cause: The operating budget was not submitted and approved before the beginning of the fiscal year. Effect: The budget approval is not in compliance with HUD regulations. Prior Year Finding: This was not a prior year audit finding. Information: Sampling was not applicable to this finding and systematic problem. Recommendation: We recommend that the Board of Commissioners be provided with a Public Housing budget in adequate time to approve within HUD guidelines. Management?s Response: The Executive Director will start the budget process timely and present to the Board at the May meeting each year.