EIN: 043646473
UEI: GSA_MIGRATION
Audited by: PETTIT & COMPANY, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 14, 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 June 14, 2023 (1181 days ago).
What is a management decision? →Section III Federal Award Findings Finding 2021-001 Condition and context: During our review of the replacement reserve account we noted that the replacement reserve account is under-funded by $2,720. This is a repeat finding. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Cause: Chugiak Senior Housing, Inc. did not have the funds to make the required replacement reserve deposits. Effect: The Organization?s replacement reserve account is under-funded. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Views of responsible officials: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner.
Show full finding ▾Hide full finding ▴Section III Federal Award Findings Finding 2021-001 Condition and context: During our review of the replacement reserve account we noted that the replacement reserve account is under-funded by $2,720. This is a repeat finding. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Cause: Chugiak Senior Housing, Inc. did not have the funds to make the required replacement reserve deposits. Effect: The Organization?s replacement reserve account is under-funded. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Views of responsible officials: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner.
December 1, 2022 Chugiak Senior Housing, Inc. (the "Organization") respectfully submits the following corrective action plan ("CAP") for the year ended June 30, 2021. Independent Public Accounting Firm Pettit CPAs 3725 E. Southport Rd., Suite A Indianapolis, IN 46227 Audit Period Year ended June 30, 2021 The findings from the June 30, 2021 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS-FEDERAL REWARD FINDINGS Finding 2021-001 Condition: During our review of the replacement reserve account we noted that the replacement reserve account is under-funded by $2,720. This is a repeat finding. Corrective actions take or planned: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner. If there are any questions regarding this plan, please call the undersigned at (907) 688-2678. Sincerely, ?Lt? plul,? Executive Director Chugiak-Eagle River Senior Center
2020-001
FAC accepted this audit on November 8, 2022 — management decision was due May 8, 2023.
Finding 2020-001 Condition and context: During our review of the replacement reserve account we noted that only 11 deposits were made during fiscal year 2020, and 10 deposits were made during 2019. The Organization?s replacement reserve account is under-funded by $4,080. This is a repeat finding. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Cause: Chugiak Senior Housing, Inc. does not have adequate internal controls in place to ensure that this deposit is made each month. Effect: The Organization?s replacement reserve account is under-funded. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Views of responsible officials: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner.
Show full finding ▾Hide full finding ▴Finding 2020-001 Condition and context: During our review of the replacement reserve account we noted that only 11 deposits were made during fiscal year 2020, and 10 deposits were made during 2019. The Organization?s replacement reserve account is under-funded by $4,080. This is a repeat finding. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Cause: Chugiak Senior Housing, Inc. does not have adequate internal controls in place to ensure that this deposit is made each month. Effect: The Organization?s replacement reserve account is under-funded. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Views of responsible officials: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner.
October 17, 2022 Chugiak Senior Housing, Inc. (the "Organization") respectfully submits the following corrective action plan ("CAP") for the year ended June 30, 2020. Independent Public Accounting Firm Pettit CPAs 3725 E. Southport Rd., Suite A Indianapolis, IN 46227 Audit Period Year endedJune30,2020 The findings from the June 30, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS-FEDERAL REWARD FINDINGS Finding 2020-001 Condition: During our review of the replacement reserve account we noted that only 11 deposits were made during fiscal year 2020, and 10 deposits were made during 2019. The Organization's replacement reserve account is under-funded by $4,080. This is a repeat finding. Corrective actions take or planned: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner. If there are any questions regarding this plan, please call the undersigned at (907) 688-2688. Sincerely, KAT WALKER
2019-001
FAC accepted this audit on February 19, 2020 — management decision was due August 19, 2020.
Section III ? Federal Award Findings and Questioned Costs Finding 2019-001 Lack of Internal Control over Special Tests and Provisions ? Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 202 ? Capital Advance Program, Section 202 ? Rental Assistance Payments CFDA Number: 14.157 Award Number: 176-EE019 Award Year: 2019 Type of Finding: Significant deficiency in internal control over compliance and noncompliance. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Condition and Context: During our review of the replacement reserve account we noted that only 10 deposits were made during fiscal year 2019. Deposits were not made for the months of May and June. Cause: Chugiak Senior Housing, Inc. does not have adequate internal controls in place to ensure that this deposit is made each month. Effect: Failure to follow compliance requirements could result in loss of federal funding. Questioned Costs: None noted. Repeat Finding: Not a repeat finding, considered an isolated instance. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Managements Response: Management agrees with finding, see corrective action plan.
Show full finding ▾Hide full finding ▴Section III ? Federal Award Findings and Questioned Costs Finding 2019-001 Lack of Internal Control over Special Tests and Provisions ? Replacement Reserve Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 202 ? Capital Advance Program, Section 202 ? Rental Assistance Payments CFDA Number: 14.157 Award Number: 176-EE019 Award Year: 2019 Type of Finding: Significant deficiency in internal control over compliance and noncompliance. Criteria: Provisions specified in the Capital Advance Program Regulatory Agreement (regulatory Agreement item 5A) require that a reserve fund for replacements is established in a bank which is insured by the Federal Deposit Insurance Corporation. Monthly deposits are required to be made into this account in the amount of $1,360. Condition and Context: During our review of the replacement reserve account we noted that only 10 deposits were made during fiscal year 2019. Deposits were not made for the months of May and June. Cause: Chugiak Senior Housing, Inc. does not have adequate internal controls in place to ensure that this deposit is made each month. Effect: Failure to follow compliance requirements could result in loss of federal funding. Questioned Costs: None noted. Repeat Finding: Not a repeat finding, considered an isolated instance. Recommendation: We recommend that controls are implemented to ensure that deposits in the required amount are made to the reserve fund for replacements that has been established. Managements Response: Management agrees with finding, see corrective action plan.
Federal Award Findings Finding 2019-001 Lack of Internal Control over Special Tests and Provisions ? Replacement Reserve Name of Contact: Dan Orcutt Corrective Action Plan: Further training is being made available to the Finance Director and Housing personnel to ensure that monthly deposits are made into the Replacement Reserve account in a timely manner. Proposed Completion Date: March 3, 2020
FAC accepted this audit on October 1, 2018 — management decision was due April 1, 2019.
FAC accepted this audit on October 12, 2017 — management decision was due April 12, 2018.
FAC accepted this audit on October 2, 2016 — management decision was due April 2, 2017.
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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