Texas · Local government · under $2M in federal spending
Breckenridge Housing Authority
Breckenridge, TX
The FY2024 single audit reports 1 finding: 1 material weakness. Audits on file for FY2023–FY2025: FY2023, FY2024.
Score: 8 of 100 (FY2024 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 8 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 8 | 100 |
Federal funding, FY2024
$997,342 in federal awards spent, across 3 programs. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Housing and Urban Development | $997,342 |
FY2024 audit
- FAC record
- 2024-12-GSAFAC-0000382894
- Fiscal year end
- December 31, 2024
- Accepted by FAC
- September 26, 2025
- Federal spending
- $997,342 · 3 programs
- Major programs
- 1
- Score
- 8 of 100
Finding 2024-001
material weakness
- Program
- PUBLIC HOUSING CAPITAL FUND (14.872); PUBLIC HOUSING OPERATING FUND (14.850)
- Compliance requirement
- Reporting
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
Material Internal Control Weakness - Public and Indian Housing - ALN No. 14.850 and Public Housing Capital Fund - ALN No. 14.872. Criteria or Specific Requirement: Operating subsidy and capital fund draw-downs should be properly recorded in the PHA's general ledger. Condition: - Operating subsidy and capital fund draw-downs totaling $199,325 were recorded as deferred revenues in an account called "Unknown HUD Deposits". Cause: The PHA's fee accountant was unable to determine how to properly classify the draw-downs. Effect: HUD grants revenue was misstated by $199,325 requiring an audit adjustment to properly classify the draw-downs. Questioned Costs: Not applicable. Repeat Finding: Not a repeat finding. Recommendation: The PHA should forward a copy of all HUD draw-down requisitions to its fee accountant so that revenues can be properly recorded. Response: The PHA will make sure its fee accountant receives a copy of all draw-down requisitions.
FY2023 audit
- FAC record
- 2023-12-GSAFAC-0000057715
- Fiscal year end
- December 31, 2023
- Accepted by FAC
- September 27, 2024
- Federal spending
- $920,531 · 3 programs
- Major programs
- 1
- Score
- 0 of 100
No findings reported.