Finding 577148 (2023-001)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2023-10-25
Audit: 1355
Organization: Bicentennial Apartments, Inc. (WY)
Auditor: Core CPAS

AI Summary

  • Core Issue: The Project improperly used federal funds for tenant cable, which is classified as an unallowable entertainment expense under federal regulations.
  • Impacted Requirements: Non-compliance with the Code of Federal Regulations Title 2, Part 2, Subpart E, Section 200.438 regarding allowable costs.
  • Recommended Follow-Up: Implement stronger internal controls to ensure all expenses comply with federal regulations on allowable costs.

Finding Text

Significant Deficiency in Internal Controls over Compliance/Compliance with Regulations – Federal Awards Compliance – Allowable Costs Criteria: Under the Code of Federal Regulations Title 2, Part 2, Subpart E, Section 200.438: Costs of entertainment, including amusement, diversion, and social activities and any associated costs are unallowable, except where specific costs that might otherwise be considered entertainment have a programmatic purpose and are authorized either in the approved budget for the Federal award or with prior written approval of the Federal awarding agency. Condition: The Project has paid for tenant cable with federal funds in a bulk package where not all of the costs was covered by the tenants. Context: The Project was not fully aware that cable was considered an entertainment expense, and therefore unallowed under Federal regulations. Cause: The Project did not have sufficient controls in place to ensure the allowability of expenses being paid under Federal regulations were appropriate. Effect: The Project was not in compliance with the Code of Federal Regulations Title 2, Part 2, Subpart E, Section 200.438. Recommendation: The Project should develop adequate controls over compliance in relation to allowability to allow the Project comply with Federal regulations regarding the use of cash received through Federal awards. Auditee Response/Corrective Action Plan: See pages 37. Significant Deficiency in Internal Controls over Compliance/Compliance with Regulations – Federal Awards Compliance – Allowable Costs Federal Program: ALN 14.157 – Supportive Housing for the Elderly Pass-Through Entity: U.S. Housing and Urban Development Award Number: 103-HD010-NP-CMI Compliance Requirements: Allowable Costs Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria: See Part II, Finding 2023-001 Condition and Context: See Part II, Finding 2023-001 Questioned Costs: N/A Cause: See Part II, Finding 2023-001 Effect or Potential Effect: See Part II, Finding 2023-001 Recommendation: See Part II, Finding 2023-001 Repeat Finding: N/A Responsible Official’s Response and Corrective Action Plan: See Page 37, Finding 2023-001 Planned Implementation Date: See Page 37, Finding 2023-001 Person Responsible for Corrective Action: Director of Finance

Categories

Allowable Costs / Cost Principles Subrecipient Monitoring Significant Deficiency

Other Findings in this Audit

  • 706 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4,945