2010-182 - Laserfiche WebLink

Home Browse Search

9) The Indian River County Housing Authority (IRCHA) maintains records through an outside management company for two complexes valued at approximately $ 9 million . While the tenant records are maintained at the complexes , the management company records are maintained out of state ; however monthly reports and transaction support/documents are available via scanned images . The employees and payroll records/reports of the complexes as well as the general ledger of the complexes are maintained by the outside management company . Grant funds of the IRCHA are processed through the BOCC records in a separate enterprise fund and will be audited in accordance with the provisions of the Single Audit Act, OMB Circular A- 133 , and USDA- Rural Development regulations . These grants are included in the IRCHA ' s financial statements . In addition to the two complexes ' records and grant funds , the expenses of the administrative staff and operations are paid by the BOCC and recorded in a special revenue fund . This special revenue fiend is also combined and is included in the financial statements of the IRCHA . The IRCHA is presented as a discretely presented component unit in the Government-wide Financial Statements of the Comprehensive Annual Financial Report . A complete separate financial report (including opinion, MD & A , financial statements , internal control , management letter, compliance reports for A- 133 and federal programs , and any other required report) is prepared and reported to the IRCHA Board . The Clerk of the Circuit Court staff assists with this stand- alone report . 10) All accounting records are maintained on the modified accrual basis or accrual basis as appropriate . 11 ) Budgets are integrated with the accounting records . 12) The County has determined that the U . S . Department of Housing and Urban Development (HUD ) will function as the cognizant agency in accordance with provisions of the Single Audit Act and OMB Circular A- 133 . The tenant files and compliance requirements of the Section 8 HUD program are maintained by the IRCHA but all financial transactions are recorded in a special revenue fund of the BOCC . Section 8 is included in the financial statements of the BOCC , not the IRCHA . 13 ) Indian River County has received the Government Finance Officers Association' s Certificate of Achievement for Excellence in Financial Reporting for the 1983 through 2008 Comprehensive Annual Financial Reports . The CAFR for each of the fiscal years covered by this RFP will be submitted for consideration for the Certificate . The selected firm will be expected to provide technical assistance to help the County meet the program ' s requirements . Page 6