FAC Explorer

Finding 6572 (2021-001)

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Requirement
L
Questioned Costs
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Year
2021
Accepted
2023-12-27
Audit: 8509
Organization: Winnebago Housing Development Commission, INC (NE)
Auditor: Midwest Professionals PLLC

AI Summary

  • Issue: The Development Commission submitted its audit late, missing the nine-month deadline after the audit period.
  • Requirements Impacted: This violates Section 200.512 of the OMB’s Uniform Guidance regarding timely audit submissions.
  • Recommended Follow-Up: Hire a new Finance Manager to ensure financial statements are completed on time for future audits.

Finding Text

2021-001 Late Single Audit Submission Condition: The Development Commission’s audit was not completed and the data collection form and reporting package were not submitted within nine months after the end of the audit period. Criteria: Section 200.512 Report Submission of the Office of Management and Budget’s Uniform Guidance states, “The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. If the due date falls on a Saturday, Sunday, or Federal holiday, the reporting package is due the next business day.” Cause: The Development Commission's financial statements were not completed in time for a timely submission. This was due in large part to turnover in the Finance Manager's position that took place during the time period that the audit was being conducted. Effect: The Development Commission is not in compliance with provisions of the OMB’s Uniform Guidance. Recommendation: Obtain the services of a new Finance Manager who will coordinate the close out of the year end financials with the fee accountant so the books are closed prior to the start of the FY2023 audit. Views of Responsible Officials and Planned Corrective Actions: See corrective action plan. Total Question Costs (U.S. Dept of Treasury) $0 Total Current Year Question Costs: $0

Corrective Action Plan

WINNEBAGO HOUSING AND DEVELOPMENT COMMISSION 100 South Elm Circle, P.O. Box 671 Winnebago, NE 68071 402-878-2241 CORRECTIVE ACTION PLAN September 15, 2023 U.S. Department of Treasury Winnebago Housing and Development Commission respectfully submits the following corrective action plan for the year ended December 31, 2021. Name and address of independent public accounting firm: Midwest Professionals, PLLC 215 South Court Avenue Gaylord, MI 49735 Audit period: January 1, 2021 – December 31, 2021 The findings from the 2021 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Major Federal Program Audit 2021-001 Late Single Audit Submission Condition: The Development Commission’s audit was not completed and the data collection form and reporting package were not submitted within nine months after the end of the audit period. Recommendation: Obtain the services of a new Finance Manager who will coordinate the close out of the year end financials with the fee accountant so the books are closed prior to the start of the FY2023 audit. Action Taken: The Commission has sought to employ additional personnel in the finance department to assume the past finance manager’s responsibilities. The Commission is hopeful that the additional personnel is able to provide the fee accountant sufficient information to allow for timely financials to be produced and thus facilitate the submission of a timely audit reports in the future. If you should have any questions regarding the plan, please call Dana Zagurski at (402) 878- 2241. Sincerely, Dana Zagurski, Executive Director 100 S. Elm Circle Winnebago, NE 68071 Tel. (775) 964-6020

Categories

Reporting Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.023 Emergency Rental Assistance Program $970,319
14.867 Indian Housing Block Grants $98,116