EIN: 061785341
UEI: J8ZLYAQZYJQ1
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 27, 2023. 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 August 27, 2023 (1092 days ago).
What is a management decision? →Department of Housing and Urban Development Finding 2022-001 Section 202 Supportive Housing for the Elderly, AL 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $21,901 for the current year shortfall, unless waived by HUD. This is a repeat finding. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Effect Failure to make monthly payments resulted in a shortfall in the reserve balance. Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Recommendation Management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N. Reserve for replacements deposits (REAC); N. Special Tests and Provisions (UG) Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to fiscal 2022 reporting period with HUD approval and all reserves were transferred to buyer, therefore we consider this matter closed.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2022-001 Section 202 Supportive Housing for the Elderly, AL 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $21,901 for the current year shortfall, unless waived by HUD. This is a repeat finding. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Effect Failure to make monthly payments resulted in a shortfall in the reserve balance. Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Recommendation Management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N. Reserve for replacements deposits (REAC); N. Special Tests and Provisions (UG) Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to fiscal 2022 reporting period with HUD approval and all reserves were transferred to buyer, therefore we consider this matter closed.
CORRECTIVE ACTION PLAN Project Legal Name: Evangeline Booth Garden Apartments Pasadena, TX (? Project of Evangeline Booth Residence, Inc., A Texas Corporation) HUD Project No.: 114-EE095-NP-WAH Audit Firm: CohnReznick LLP Period covered by the audit: 10/1/2021-11/11/2021 (day before sale) Corrective Action Plan prepared by: Name: Sriparna Mitra Position: HUD Specialist, THQ (Legal) Telephone Number: 404-728-6700 The following is a recommended format to be followed by the auditee for preparing a corrective action plan: A. Current Findings on the Schedule of Findings, Questioned Costs and Recommendations 1. Finding 2022-001 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. b. Action(s) Taken or Planned on the Finding The property was sold subsequent to September 30, 2021 reporting period with HUD approval and all reserves were transferred to buyer, therefore we consider this matter closed. 2. Finding 2022-002 c. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. d. Action(s) Taken or Planned on the Finding The property was sold November 12, 2021 with HUD approval and all tenant files were transferred to buyer, therefore we consider this matter closed. B. Status of Corrective Actions on Findings Reported in the Schedule of the Status of Prior Year Findings, Questioned Costs and Recommendations 1. Finding 2021-001 Unresolved. See Finding 2022-002. 2. Finding 2021-002 Unresolved. See Finding 2022-001 3. Finding 2021-003 Cleared. 4. Finding 2020-001 Unresolved. See findings 2022-002 and 2021-001. 5. Finding 2020-002 Unresolved. See findings 2022-001 and 2021-002. 6. Finding 2019-002 Unresolved. See findings 2022-001, 2021-002, and 2020-002
Department of Housing and Urban Development Finding 2022-002 Section 202 Supportive Housing for the Elderly, AL 14.157 Statement of Condition During the procedures applied to a sample of eight tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding tenant eligibility and the maintenance of lease files: One instance where the project did not maintain evidence of EIV report data in the lease file. This is a repeat finding. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility. Recommendation Management should establish procedures and monitor compliance with those procedures to ensure that tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: R. Section 8 program administration (REAC); E. Eligibility (UG) Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end with HUD approval and all tenant files were transferred to buyer, therefore we consider this matter closed.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2022-002 Section 202 Supportive Housing for the Elderly, AL 14.157 Statement of Condition During the procedures applied to a sample of eight tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding tenant eligibility and the maintenance of lease files: One instance where the project did not maintain evidence of EIV report data in the lease file. This is a repeat finding. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility. Recommendation Management should establish procedures and monitor compliance with those procedures to ensure that tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: R. Section 8 program administration (REAC); E. Eligibility (UG) Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end with HUD approval and all tenant files were transferred to buyer, therefore we consider this matter closed.
CORRECTIVE ACTION PLAN Project Legal Name: Evangeline Booth Garden Apartments Pasadena, TX (? Project of Evangeline Booth Residence, Inc., A Texas Corporation) HUD Project No.: 114-EE095-NP-WAH Audit Firm: CohnReznick LLP Period covered by the audit: 10/1/2021-11/11/2021 (day before sale) Corrective Action Plan prepared by: Name: Sriparna Mitra Position: HUD Specialist, THQ (Legal) Telephone Number: 404-728-6700 The following is a recommended format to be followed by the auditee for preparing a corrective action plan: A. Current Findings on the Schedule of Findings, Questioned Costs and Recommendations 1. Finding 2022-001 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. b. Action(s) Taken or Planned on the Finding The property was sold subsequent to September 30, 2021 reporting period with HUD approval and all reserves were transferred to buyer, therefore we consider this matter closed. 2. Finding 2022-002 c. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. d. Action(s) Taken or Planned on the Finding The property was sold November 12, 2021 with HUD approval and all tenant files were transferred to buyer, therefore we consider this matter closed. B. Status of Corrective Actions on Findings Reported in the Schedule of the Status of Prior Year Findings, Questioned Costs and Recommendations 1. Finding 2021-001 Unresolved. See Finding 2022-002. 2. Finding 2021-002 Unresolved. See Finding 2022-001 3. Finding 2021-003 Cleared. 4. Finding 2020-001 Unresolved. See findings 2022-002 and 2021-001. 5. Finding 2020-002 Unresolved. See findings 2022-001 and 2021-002. 6. Finding 2019-002 Unresolved. See findings 2022-001, 2021-002, and 2020-002
FAC accepted this audit on June 27, 2022 — management decision was due December 27, 2022.
Finding 2021-001 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition During the procedures applied to a sample of nine tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding tenant eligibility and the maintenance of lease files: 1. Two instances where the project did not maintain evidence of EIV report data in the lease file. 2. One instance where the project did not refund a former tenant within 30 days of move out. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance, determining tenant eligibility, and refunding tenants their security deposit within 30 days in accordance with HUD guidelines. Management did not have access to EIV at the time to run the report for one tenant. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: E - Eligibility (FAC); R - Section 8 program administration (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end, therefore this is resolved.
Show full finding ▾Hide full finding ▴Finding 2021-001 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition During the procedures applied to a sample of nine tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding tenant eligibility and the maintenance of lease files: 1. Two instances where the project did not maintain evidence of EIV report data in the lease file. 2. One instance where the project did not refund a former tenant within 30 days of move out. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance, determining tenant eligibility, and refunding tenants their security deposit within 30 days in accordance with HUD guidelines. Management did not have access to EIV at the time to run the report for one tenant. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: E - Eligibility (FAC); R - Section 8 program administration (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end, therefore this is resolved.
A. Current Findings on the Schedule of Findings, Questioned Costs and Recommendations 1. Finding 2021-001 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. b. Action(s) Taken or Planned on the Finding The property was sold subsequent to year end, therefore this is resolved.
2020-001
Finding 2021-002 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $14,241 for the current year shortfall, unless waived by HUD. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Effect Failure to make monthly payments resulted Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Recommendation Management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N - Special Tests and Provisions (FAC); N - Replacement Reserve Deposits (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end, therefore this is resolved
Show full finding ▾Hide full finding ▴Finding 2021-002 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $14,241 for the current year shortfall, unless waived by HUD. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Effect Failure to make monthly payments resulted Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Recommendation Management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N - Special Tests and Provisions (FAC); N - Replacement Reserve Deposits (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding. The property was sold subsequent to year end, therefore this is resolved
Finding 2021-002 c. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. d. Action(s) Taken or Planned on the Finding The property was sold subsequent to year end, therefore this is resolved.
2020-002
Department of Housing and Urban Development Finding 2021-003 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition The Single Audit was not submitted to the Federal Audit Clearinghouse (FAC) within nine months after the fiscal year end of the Company for the year ended September 30, 2020. Criteria The FAC requires that the annual financial statements be submitted the earlier of 30 days after the report date or nine months after the fiscal year end. Effect Management is not in compliance with the requirement to timely submit the Single Audit to the FAC. Cause Management does not have controls in place to timely file its financial statements with the FAC. Recommendation Management should implement procedures to ensure that the financial statements are submitted to the FAC in accordance with the FAC filing requirements. Auditor Noncompliance Code: L - Reporting (FAC); Z - Other (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2021-003 Section 202 Supportive Housing for the Elderly, CFDA 14.157 Statement of Condition The Single Audit was not submitted to the Federal Audit Clearinghouse (FAC) within nine months after the fiscal year end of the Company for the year ended September 30, 2020. Criteria The FAC requires that the annual financial statements be submitted the earlier of 30 days after the report date or nine months after the fiscal year end. Effect Management is not in compliance with the requirement to timely submit the Single Audit to the FAC. Cause Management does not have controls in place to timely file its financial statements with the FAC. Recommendation Management should implement procedures to ensure that the financial statements are submitted to the FAC in accordance with the FAC filing requirements. Auditor Noncompliance Code: L - Reporting (FAC); Z - Other (REAC) Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Finding 2021-003 e. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation to implement procedures to ensure that the financial statements are submitted to the FAC in accordance with the FAC filing requirement. f. Action(s) Taken or Planned on the Finding The filing was submitted and management has implemented procedures to ensure the 2021 audit was filed timely with the FAC.
FAC accepted this audit on May 3, 2022 — management decision was due November 3, 2022.
Findings and Questioned Costs - Major Federal Award Programs Audit Department of Housing and Urban Development Finding 2020-001 Section 202 Capital Advance, CFDA 14.157 Statement of Condition 7 out of 7 tenants did not have documentation in their lease file that their income was verified. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Cause Management's policies with respect to the determination of tenant security deposits and eligibility and the maintenance of tenant lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs were not consistently followed. Effect or Potential Effect The procedures for determining tenant security deposits and eligibility and maintaining tenant lease files were not consistently applied in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. This could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: R - Section 8 program administration Finding Resolution Status: Pending Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Show full finding ▾Hide full finding ▴Findings and Questioned Costs - Major Federal Award Programs Audit Department of Housing and Urban Development Finding 2020-001 Section 202 Capital Advance, CFDA 14.157 Statement of Condition 7 out of 7 tenants did not have documentation in their lease file that their income was verified. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Cause Management's policies with respect to the determination of tenant security deposits and eligibility and the maintenance of tenant lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs were not consistently followed. Effect or Potential Effect The procedures for determining tenant security deposits and eligibility and maintaining tenant lease files were not consistently applied in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. This could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code: R - Section 8 program administration Finding Resolution Status: Pending Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
A. Current Findings on the Schedule of Findings, Questioned Costs and Recommendations 1. Finding 2020-001 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. b. Action(s) Taken or Planned on the Finding The auditee agrees with the recommendation to establish procedures to ensure tenant lease files are properly maintained in accordance with HUD Handbook 4350.3.
Department of Housing and Urban Development Finding 2020-002 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $14,241 for the current year shortfall, unless waived by HUD. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding the replacement reserve and a violation of the regulatory agreement. Recommendation Management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N - Replacement Reserve Deposits Finding Resolution Status: In process Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2020-002 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2020, the Project did not make the required monthly deposits to the replacement reserve through the date of the approved waiver to suspend deposits to the reserve through June 30, 2020. The Project is required to make deposits to the reserve in the amount of $14,241 for the current year shortfall, unless waived by HUD. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Cause The Project does not generate sufficient cash flow to make the required monthly deposits. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding the replacement reserve and a violation of the regulatory agreement. Recommendation Management should either review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement or management should obtain HUD approval to waive the remaining underfunded deposits due to the balance of the reserve exceeding $1,000 per unit. Auditor Noncompliance Code: N - Replacement Reserve Deposits Finding Resolution Status: In process Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
2. Finding 2020-002 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. b. Action(s) Taken or Planned on the Finding Management is implementing procedures to ensure that timely deposits are made to the replacement reserve, or obtain HUD approval to waive the deposits.
2019-002
FAC accepted this audit on June 7, 2020 — management decision was due December 7, 2020.
Department of Housing and Urban Development Finding 2019-001 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2019, management did not make the required excess residual receipts reserve payment in the amount of $11,580, as required by HUD. The excess residual receipts payment was made on October 16, 2019. Criteria Excess residual receipts reserve payments should be made upon the expiration of the PRAC, unless an exception is granted by HUD. Cause Controls are not in place to ensure that excess residual receipts reserve payments are made timely. Effect or Potential Effect The Project is not in compliance with the requirements of the regulatory agreement. Recommendation Management should establish internal controls and procedures to ensure that excess residual receipts reserve payments are made timely. Auditor Noncompliance Code: Z - Other Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2019-001 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2019, management did not make the required excess residual receipts reserve payment in the amount of $11,580, as required by HUD. The excess residual receipts payment was made on October 16, 2019. Criteria Excess residual receipts reserve payments should be made upon the expiration of the PRAC, unless an exception is granted by HUD. Cause Controls are not in place to ensure that excess residual receipts reserve payments are made timely. Effect or Potential Effect The Project is not in compliance with the requirements of the regulatory agreement. Recommendation Management should establish internal controls and procedures to ensure that excess residual receipts reserve payments are made timely. Auditor Noncompliance Code: Z - Other Finding Resolution Status: Resolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
A. Current Findings on the Schedule of Findings, Questioned Costs and Recommendations 1. Finding 2019-001 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation to establish policies and procedures to ensure that excess residual receipts reserve payments are made timely. b. Action(s) Taken or Planned on the Finding
Department of Housing and Urban Development Finding 2019-002 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2019, the Project did not make required monthly deposits to the replacement reserve. The Project is required to make monthly deposits in the amount of $2,583. For the year ended September 30, 2019, the Project did not make any of the required deposits totaling $30,996. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Cause The Project did not make timely monthly deposits. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding of the replacement reserve and a violation of the regulatory agreement. Recommendation Management should review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code: N - Reserve for replacement deposits Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
Show full finding ▾Hide full finding ▴Department of Housing and Urban Development Finding 2019-002 Section 202 Capital Advance, CFDA 14.157 Statement of Condition During the year ended September 30, 2019, the Project did not make required monthly deposits to the replacement reserve. The Project is required to make monthly deposits in the amount of $2,583. For the year ended September 30, 2019, the Project did not make any of the required deposits totaling $30,996. Criteria The regulatory agreement requires that the Project make monthly deposits to its replacement reserve. Cause The Project did not make timely monthly deposits. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding of the replacement reserve and a violation of the regulatory agreement. Recommendation Management should review the Project budget to determine if nonessential costs can be cut to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code: N - Reserve for replacement deposits Finding Resolution Status: Unresolved Reporting Views of Responsible Officials Management agrees with the finding and is taking steps to address the issue that caused it.
2. Finding 2019-002 a. Comments on the Finding and Each Recommendation The auditee agrees with the finding. The auditee agrees with the recommendation to review the budget to ensure nonessential costs can be cut. b. Action(s) Taken or Planned on the Finding
2018-002
FAC accepted this audit on June 23, 2019 — management decision was due December 23, 2019.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on May 15, 2017 — management decision was due November 15, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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