Finding 1166330 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-12-23
Audit: 377412
Organization: Burchacon Housing, Inc. (NY)

AI Summary

  • Issue: The Organization missed the deadline to submit Form SF-SAC for the year ended December 31, 2024.
  • Requirements: Submission must occur within 30 days of the auditor’s report or 9 months after the fiscal year, per Uniform Guidance.
  • Follow-up: Management plans to submit the Form SF-SAC promptly after receiving the audit report.

Finding Text

Condition - The Organization has not submitted Form SF-SAC to the Federal Audit Clearinghouse for the year ended December 31, 2024 within the required timeframe. Criteria - According to the Uniform Guidance compliance requirements, the audit package and the data collection form shall be submitted 30 days after receipt of the auditor’s report, or 9 months after the end of the fiscal year, whichever comes first. Effect - The Organization was not in compliance with the above Uniform Guidance compliance requirement. Cause - Management was not able to have the audit completed within the required timeframe. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Recommendation - We recommend that management submit the Form SF-SAC as soon as possible for the year ended December 31, 2024. Management's Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation. Please see below for action taken. (b) Action taken: Management will submit the Form SF-SAC to the Federal Audit Clearinghouse as soon as the audit is received for the year ended December 31, 2024.

Corrective Action Plan

Name of auditee: Burchacon Housing, Inc. TIN: 14-1632619 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2024 CAP prepared by: Amanda Hamilton Finance Director Franklin County Community Housing Council, Inc. (518) 483-5934 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations (1) Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation. Please see below for action taken. (b) Action taken: Management will submit the Form SF-SAC to the Federal Audit Clearinghouse as soon as the audit is received for the year ended December 31, 2024.

Categories

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Programs in Audit

ALN Program Name Expenditures
10.415 RURAL RENTAL HOUSING LOANS $829,730
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $130,192
10.437 INTEREST ASSISTANCE PROGRAM $82,988
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $57,195