FAC Explorer

Finding 1227051 (2025-005)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2025
Accepted
2026-08-17
Audit: 409230
Organization: Harvard Townhouse, Inc. (NE)
Auditor: CORE CPAS

AI Summary

  • Core Issue: There is a material weakness in internal controls related to compliance with federal award cost principles.
  • Impacted Requirements: This finding affects compliance with federal regulations for allowable costs under the Rural Rental Housing Loans program.
  • Recommended Follow-Up: Review and implement corrective actions as outlined in the detailed findings to address the ongoing compliance issues.

Finding Text

FINDING 2025-005: Material Weakness in Internal Control over Compliance Federal Awards Compliance – Allowable Costs/Cost Principles Federal Award Identification: Assistance Listing Program Title: Rural Rental Housing Loans Assistance Listing Program Number: 10.415 Federal Award ID Number and Year: N/A Federal Agency: U.S. Department of Agriculture – Rural Development Criteria: See Part II, Finding 2025-001 Condition: See Part II, Finding 2025-001 Context: See Part II, Finding 2025-001 Effect or Potential Effect: See Part II, Finding 2025-001 Cause: See Part II, Finding 2025-001 Questioned Costs: N/A Repeat Finding: 2025-001, 2024-001, 2023-001, 2022-001, 2021-001, 2020-001, 2019-001, 2018- 001, 2017-001, 2016-001, 2015-001, 2014-001, and 2013-001 Recommendation: See Part II, Finding 2025-001 Auditee Response and Corrective Action Plan: See Page 44

Corrective Action Plan

Finding 2025-004 See response to finding 2025-001.

Categories

Allowable Costs / Cost Principles Material Weakness Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1227050 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $300,000
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $58,441
10.415 RURAL RENTAL HOUSING LOANS $41,010