Single audits filed with the Federal Audit Clearinghouse
$1.7M in federal awards expended in FY2024
Year
Federal $ expended
Auditor
Opinion
Flags
2024
$1.7M
Mahoney Ulbrich Christiansen & Russ, PA
Unmodified (clean)
Federal Programs
Top programs · FY2024
Program
Agency
Expended
Major program
Findings
Home Investment Partnerships Program
via City of St. Paul
HUD
$1.5M
Yes
2
Community Development Block Grants/entitlement Grants
via City of St. Paul
HUD
$115K
No
2
Housing Counseling Assistance Program
via Minnesota Home Ownership Center
HUD
$49K
No
2
Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation
via Minnesota Housing Financing Agency
HUD
$31K
No
2
Audit Findings
FY2024 · auditor's own text
2024-001OtherSignificant deficiency
FINDING 2024-001: Lack of Segregation of Duties - Criteria – A good system of internal controls contemplates an adequate segregation of duties so that no one individual handles a transaction from its inception to completion. Condition – The small size of NeDA’s staff limits the e…
2024-002OtherSignificant deficiency
FINDING 2024-002: Controls Over Accounting of Real Estate Subsidiaries - Criteria – Organizations should have controls in place to ensure accounting activity is recorded timely and accurate. Condition – For the audit of NeDA’s real estate subsidiaries, the property management age…
2024-002OtherSignificant deficiency
FINDING 2024-002: Controls Over Accounting of Real Estate Subsidiaries - Criteria – Organizations should have controls in place to ensure accounting activity is recorded timely and accurate. Condition – For the audit of NeDA’s real estate subsidiaries, the property management age…
2024-002OtherSignificant deficiency
FINDING 2024-002: Controls Over Accounting of Real Estate Subsidiaries - Criteria – Organizations should have controls in place to ensure accounting activity is recorded timely and accurate. Condition – For the audit of NeDA’s real estate subsidiaries, the property management age…
2024-001OtherSignificant deficiency
FINDING 2024-001: Lack of Segregation of Duties - Criteria – A good system of internal controls contemplates an adequate segregation of duties so that no one individual handles a transaction from its inception to completion. Condition – The small size of NeDA’s staff limits the e…
2024-001OtherSignificant deficiency
FINDING 2024-001: Lack of Segregation of Duties - Criteria – A good system of internal controls contemplates an adequate segregation of duties so that no one individual handles a transaction from its inception to completion. Condition – The small size of NeDA’s staff limits the e…
2024-001OtherSignificant deficiency
FINDING 2024-001: Lack of Segregation of Duties - Criteria – A good system of internal controls contemplates an adequate segregation of duties so that no one individual handles a transaction from its inception to completion. Condition – The small size of NeDA’s staff limits the e…
2024-002OtherSignificant deficiency
FINDING 2024-002: Controls Over Accounting of Real Estate Subsidiaries - Criteria – Organizations should have controls in place to ensure accounting activity is recorded timely and accurate. Condition – For the audit of NeDA’s real estate subsidiaries, the property management age…
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).