FAC Explorer

Audit 9069

FY End
2023-09-30
Total Expended
$3.63M
Findings
2
Programs
1
Organization: Swan Manor Addition (WA)
Year: 2023 Accepted: 2024-01-02
Auditor: Rf Company Cpa's P S

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
7064 2023-001 Significant Deficiency - N
583506 2023-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $3.63M Yes 1

Contacts

Name Title Type
JQFFL9MXHYF1 Tammy Nunley Auditee
5092487940 April Ann Flyte, CPA Auditor
No contacts on file

Notes to SEFA

Title: NOTE D. PASSED-THROUGH SUBRECIPIENTS Accounting Policies: NOTE A. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Swan Manor Addition under programs of the federal government for the year ended September 30, 2023. 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 Swan Manor Addition, it is not intended to and does not present the financial position, change in net deficit, or cash flows of Swan Manor Addition. NOTE B. 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 allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: NOTE C. INDIRECT COST RATE Swan Manor Addition has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended September 30, 2023, there were no awards passed through to subrecipients.
Title: NOTE E. CAPITAL ADVANCE Accounting Policies: NOTE A. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Swan Manor Addition under programs of the federal government for the year ended September 30, 2023. 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 Swan Manor Addition, it is not intended to and does not present the financial position, change in net deficit, or cash flows of Swan Manor Addition. NOTE B. 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 allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: NOTE C. INDIRECT COST RATE Swan Manor Addition has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Under the HUD Section 202 Capital Advance Mortgage Note (the Note), Swan Manor Addition received an advance for the construction of the Project. The Note bears no interest and is not required to be repaid as long as the housing remains available to eligible households through November 22, 2034. At September 30, 2023, $3,572,100 is outstanding.

Finding Details

Finding 2023-001
SIGNIFICANT DEFICIENCY S3800-010 Finding Reference Number 2023-001 S3800-011 Title and Assistance Listing Number of Federal Program US Department of Housing and Urban Development Supportive Housing for the Elderly (Capital advance and PRAC), 14.157 S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Reference Number No S3800-020 Criteria The Organization must comply with HUD guidelines regarding residual receipts deposits. S3800-030 Statement of Condition Prior year residual receipts deposit was not made. S3800-032 Cause Staff training S3800-033 Effect or Potential Effect The Organization was not in compliance with HUD guidelines for residual receipts deposit requirements. S3800-035 Auditor Non-Compliance Code S3800-040 Questioned Costs $--- S3800-045 Reporting Views of Responsible Officials Management agrees with the findings and no surplus cash is available at year end to deposit. S3800-037 FHA/Contract Number 127EE004 S3800-038 Questioned Costs $--- S3800-080 Recommendation Management should have procedures in place to ensure timely deposit to residual receipts account. S3800-090 Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations No surplus cash is available to deposit, but procedures are in place. S3800-130 Response Indicator Agree S3800-140 Completion Date 9/30/2023 S3800-150 Response Management agrees with the findings and has put procedures in place to ensure deposits are made as required in the future. S3800-160 Contact Person First Name Thomas S3800-170 Contact Person Middle Initial E. S3800-180 Contact Person Last Name Anderson
Finding 2023-001
SIGNIFICANT DEFICIENCY S3800-010 Finding Reference Number 2023-001 S3800-011 Title and Assistance Listing Number of Federal Program US Department of Housing and Urban Development Supportive Housing for the Elderly (Capital advance and PRAC), 14.157 S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Reference Number No S3800-020 Criteria The Organization must comply with HUD guidelines regarding residual receipts deposits. S3800-030 Statement of Condition Prior year residual receipts deposit was not made. S3800-032 Cause Staff training S3800-033 Effect or Potential Effect The Organization was not in compliance with HUD guidelines for residual receipts deposit requirements. S3800-035 Auditor Non-Compliance Code S3800-040 Questioned Costs $--- S3800-045 Reporting Views of Responsible Officials Management agrees with the findings and no surplus cash is available at year end to deposit. S3800-037 FHA/Contract Number 127EE004 S3800-038 Questioned Costs $--- S3800-080 Recommendation Management should have procedures in place to ensure timely deposit to residual receipts account. S3800-090 Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations No surplus cash is available to deposit, but procedures are in place. S3800-130 Response Indicator Agree S3800-140 Completion Date 9/30/2023 S3800-150 Response Management agrees with the findings and has put procedures in place to ensure deposits are made as required in the future. S3800-160 Contact Person First Name Thomas S3800-170 Contact Person Middle Initial E. S3800-180 Contact Person Last Name Anderson