FAC Explorer

Finding 514246 (2023-004)

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Requirement
E
Questioned Costs
-
Year
2023
Accepted
2024-12-13
Audit: 332494
Organization: Desire Community Housing Corporation (LA)
Auditor: Luther Speight and Company CPAS

AI Summary

  • Core Issue: DCHC failed to provide the required SF-425 report for federal funding compliance.
  • Impacted Requirements: This affects compliance with federal reporting regulations outlined by the U.S. Department of Homeland Security.
  • Recommended Follow-Up: DCHC should establish policies to ensure all reporting requirements are consistently met.

Finding Text

FINDING# 2023-004 REPORTING FOR FEDERAL AWARDS NOT ADEQUATE Title and Assistance Listing Number of Federal Program: 97.036 -Disaster Grants - Public Assistance (Presidentially Declared Disasters) Compliance Requirement: Reporting Name of Federal Agency: U.S. Department of Homeland Security CRITERIA: The Compliance Supplement outlines certain requirements for testing compliance with major programs which include reporting. DCHC did not provide the SF-425, Federal Financial Report, which is a reporting requirement. CONDITION: DCHC could not provide the requested report to satisfy the requirement. CAUSE: DCHC did not maintain adequate reports to support federal funding received. EFFECT: DCHC is not in compliance with applicable federal regulations. QUESTIONED COSTS: Not Applicable. RECOMMENDATION: DCHC should implement policies and procedures to ensure reporting requirements are met in accordance with the Compliance Supplement. MANAGEMENT'S RESPONSE: See Management's Corrective Action Plan on pages 29-30.

Corrective Action Plan

Corrective Action Planned: DCHC will review the financial progress with the Chief Operating Officer to ensure that Form SF-425 is submitted to the appropriate agency in a timely manner. Contact Person or Responsible Party: Wilbert Thomas, President and CEO and Deborah Davenport, COO Anticipated Date of Completion: January 1, 2025

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $800,924