Finding 12664 (2022-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-08-10
Audit: 18183
Organization: Center City Housing Corp. (MN)
Auditor: Mahoney

AI Summary

  • Core Issue: The Corporation failed to submit the Single Audit Reporting Package on time, missing the June 30, 2022 deadline.
  • Impacted Requirements: This delay affects the Corporation's eligibility for low-risk auditee status for the next audit year.
  • Recommended Follow-Up: Develop and implement clear policies to ensure timely submission of future audit reports, while addressing staffing and management challenges.

Finding Text

2022-003: Filing of Single Audit Report Federal Departments: Department of Housing and Urban Development Assistance Listing #: All programs Internal Controls Significant Deficiency & Compliance Category of Finding ? Reporting Criteria ? Pursuant to 2 CFR section 200.512(a), the reporting package shall be submitted within the earlier of 30 days after receipt of the auditor's report(s), or nine months after the end of the audit period. Condition ? The Corporation did not submit the Single Audit Reporting Package for the year ended September 30, 2021 within nine months after the end of the audit period (June 30, 2022). Cause ? The Corporation faced turnover and short staffing within the accounting department during fiscal year 2021. Additionally, 12 properties were brought in-house for property management that had historically been managed by a third party, and these properties required additional attention from management to get them properly set-up within the Organization's accounting system. This additional work while short-staffed cause the Corporation to not complete the year-end close in a timely and efficient manner. As a result, the audit was not completed until after the June 30, 2022 deadline. Effect ? Failure to submit the required Single Audit Reporting Package timely automatically results in the Corporation not qualifying for low-risk auditee status for the subsequent year's Single Audit. Recommendation ?We recommend that the Corporation develop, document, and implement policies and procedures for to ensure timely submission of the Single Audit Reporting Package. Auditee?s comments and response ? Management of the Corporation hired additional staff to allow management the additional time necessary to prepare and review internal financial statements in a timely and efficient manner so that the audit can begin and be completed in a timely and efficient manner. A separate issue arose during the 2022 audit which will cause a repeat finding in the 2023 audit, but Management believes their processes are properly designed to ensure timely filing of the Single Audit Reporting Package under normal circumstances. Responsible party for corrective action: Kris Meyer, Director of Operations

Categories

Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 12410 2022-003
    Significant Deficiency
  • 12411 2022-003
    Significant Deficiency
  • 12412 2022-003
    Significant Deficiency
  • 12413 2022-003
    Significant Deficiency
  • 12414 2022-003
    Significant Deficiency
  • 12415 2022-003
    Significant Deficiency
  • 12416 2022-003
    Significant Deficiency
  • 12417 2022-003
    Significant Deficiency
  • 12418 2022-003
    Significant Deficiency
  • 12419 2022-003
    Significant Deficiency
  • 12560 2022-003
    Significant Deficiency
  • 12561 2022-003
    Significant Deficiency
  • 12562 2022-003
    Significant Deficiency
  • 12563 2022-003
    Significant Deficiency
  • 12564 2022-003
    Significant Deficiency
  • 12565 2022-003
    Significant Deficiency
  • 12657 2022-003
    Significant Deficiency
  • 12658 2022-003
    Significant Deficiency
  • 12659 2022-003
    Significant Deficiency
  • 12660 2022-003
    Significant Deficiency
  • 12661 2022-003
    Significant Deficiency
  • 12662 2022-003
    Significant Deficiency
  • 12663 2022-003
    Significant Deficiency
  • 12665 2022-003
    Significant Deficiency
  • 12666 2022-003
    Significant Deficiency
  • 12667 2022-003
    Significant Deficiency
  • 12668 2022-002
    Significant Deficiency
  • 12669 2022-002
    Significant Deficiency
  • 12670 2022-001
    Material Weakness
  • 12671 2022-001
    Material Weakness
  • 12672 2022-001
    Material Weakness
  • 12673 2022-001
    Material Weakness
  • 12674 2022-001
    Material Weakness
  • 12675 2022-001
    Material Weakness
  • 12676 2022-001
    Material Weakness
  • 12677 2022-001
    Material Weakness
  • 12678 2022-001
    Material Weakness
  • 12679 2022-001
    Material Weakness
  • 12680 2022-001
    Material Weakness
  • 12681 2022-001
    Material Weakness
  • 12682 2022-001
    Material Weakness
  • 12683 2022-001
    Material Weakness
  • 12684 2022-001
    Material Weakness
  • 12685 2022-001
    Material Weakness
  • 12686 2022-001
    Material Weakness
  • 12687 2022-001
    Material Weakness
  • 12688 2022-001
    Material Weakness
  • 12689 2022-001
    Material Weakness
  • 12690 2022-001
    Material Weakness
  • 12691 2022-001
    Material Weakness
  • 12692 2022-001
    Material Weakness
  • 12693 2022-001
    Material Weakness
  • 12694 2022-001
    Material Weakness
  • 12695 2022-001
    Material Weakness
  • 12696 2022-001
    Material Weakness
  • 588852 2022-003
    Significant Deficiency
  • 588853 2022-003
    Significant Deficiency
  • 588854 2022-003
    Significant Deficiency
  • 588855 2022-003
    Significant Deficiency
  • 588856 2022-003
    Significant Deficiency
  • 588857 2022-003
    Significant Deficiency
  • 588858 2022-003
    Significant Deficiency
  • 588859 2022-003
    Significant Deficiency
  • 588860 2022-003
    Significant Deficiency
  • 588861 2022-003
    Significant Deficiency
  • 589002 2022-003
    Significant Deficiency
  • 589003 2022-003
    Significant Deficiency
  • 589004 2022-003
    Significant Deficiency
  • 589005 2022-003
    Significant Deficiency
  • 589006 2022-003
    Significant Deficiency
  • 589007 2022-003
    Significant Deficiency
  • 589099 2022-003
    Significant Deficiency
  • 589100 2022-003
    Significant Deficiency
  • 589101 2022-003
    Significant Deficiency
  • 589102 2022-003
    Significant Deficiency
  • 589103 2022-003
    Significant Deficiency
  • 589104 2022-003
    Significant Deficiency
  • 589105 2022-003
    Significant Deficiency
  • 589106 2022-003
    Significant Deficiency
  • 589107 2022-003
    Significant Deficiency
  • 589108 2022-003
    Significant Deficiency
  • 589109 2022-003
    Significant Deficiency
  • 589110 2022-002
    Significant Deficiency
  • 589111 2022-002
    Significant Deficiency
  • 589112 2022-001
    Material Weakness
  • 589113 2022-001
    Material Weakness
  • 589114 2022-001
    Material Weakness
  • 589115 2022-001
    Material Weakness
  • 589116 2022-001
    Material Weakness
  • 589117 2022-001
    Material Weakness
  • 589118 2022-001
    Material Weakness
  • 589119 2022-001
    Material Weakness
  • 589120 2022-001
    Material Weakness
  • 589121 2022-001
    Material Weakness
  • 589122 2022-001
    Material Weakness
  • 589123 2022-001
    Material Weakness
  • 589124 2022-001
    Material Weakness
  • 589125 2022-001
    Material Weakness
  • 589126 2022-001
    Material Weakness
  • 589127 2022-001
    Material Weakness
  • 589128 2022-001
    Material Weakness
  • 589129 2022-001
    Material Weakness
  • 589130 2022-001
    Material Weakness
  • 589131 2022-001
    Material Weakness
  • 589132 2022-001
    Material Weakness
  • 589133 2022-001
    Material Weakness
  • 589134 2022-001
    Material Weakness
  • 589135 2022-001
    Material Weakness
  • 589136 2022-001
    Material Weakness
  • 589137 2022-001
    Material Weakness
  • 589138 2022-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $200,000
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $36,028
14.181 Supportive Housing for Persons with Disabilities $25,231
14.218 Community Development Block Grants/entitlement Grants $25,155
14.231 Emergency Solutions Grant Program $17,892
14.267 Continuum of Care Program $9,048