EIN: 042700069
UEI: GSA_MIGRATION
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 4, 2022. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by April 4, 2023 (1240 days ago).
What is a management decision? →Residual receipts subject to recapture at December 31, 2020 was $30,168. These funds were not appropriately recaptured during the year ended December 31, 2021. Cause: The Organization?s procedures to recapture residual receipts were not monitored due to a change in procedures that resulted from HUD temporarily suspending offsets through May 31, 2021 in its response to the COVID-19 pandemic. Effect: Residual receipts were not recaptured during the current year. Recommendation: Management should review its procedures over residual receipts recapture and provide training as necessary. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the finding. The residual receipts are expected to be recaptured with the June 2022 HAP voucher request.
Show full finding ▾Hide full finding ▴Finding No. 2021-001; Housing Finance Agencies (HFA) Risk Sharing, Federal Assistance Listing 14.188 In accordance with HUD Housing Notice H-2012-14, residual receipts balances in excess of the Organization?s retained balance of $49,000 must be applied on a monthly basis to offset Section 8 HAP vouchers up to the full amount of the monthly subsidy request amount. Because of the failure to properly monitor the residual receipts liability, the Organization?s residual receipts liability of $30,168 was not recaptured in accordance with H-2012-14. Criteria: Internal controls should be in place that provide reasonable assurance that the residual receipts liability is appropriately accounted for. Condition: Residual receipts subject to recapture at December 31, 2020 was $30,168. These funds were not appropriately recaptured during the year ended December 31, 2021. Cause: The Organization?s procedures to recapture residual receipts were not monitored due to a change in procedures that resulted from HUD temporarily suspending offsets through May 31, 2021 in its response to the COVID-19 pandemic. Effect: Residual receipts were not recaptured during the current year. Recommendation: Management should review its procedures over residual receipts recapture and provide training as necessary. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the finding. The residual receipts are expected to be recaptured with the June 2022 HAP voucher request.
Audit period: January 1, 2021- December 31, 2021 The findings from the December 31, 2021 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. 'FINDINGS - FEDERAL PROGRAMS U.S. Department of Housing and Urban Development Finding No. 2021-001; Housing Finance Agencies (HFA) Risk Sharing, Federal Assistance Listing 14.188 Recommendation: Management should review its procedures over residual receipts recapture and provide training as necessary. Action Taken: We concur with the recommendation, and it was implemented in June 2022. Further, the residual receipts were recaptured with the June 2022 HAP voucher request.
FAC accepted this audit on September 6, 2017 — management decision was due March 6, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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