EIN: 141708531
UEI: GSA_MIGRATION
Audited by: CUSACK & COMPANY CPAS, 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 August 21, 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 February 21, 2023 (1289 days ago).
What is a management decision? →During the audit we noted approximately $446,000 (all of which related to a federal program) of expenses that had inaccurately been reported in 2022 instead of 2021. Cause: Oversight Effect: There were no questioned costs as a result of this finding as the additional expenses generated an equal amount of additional revenue and an adjustment was made. Recommendation: Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made.
Show full finding ▾Hide full finding ▴2021-1 Proper Expense Cut-off Criteria: Generally Accepted Accounting Principles and the Uniform Guidance require that the Association?s records be maintained on an accrual basis, which includes proper cut-off of revenue and expenses. Condition: During the audit we noted approximately $446,000 (all of which related to a federal program) of expenses that had inaccurately been reported in 2022 instead of 2021. Cause: Oversight Effect: There were no questioned costs as a result of this finding as the additional expenses generated an equal amount of additional revenue and an adjustment was made. Recommendation: Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made.
Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made. The Village had previously reported capital projects on a cash basis. In the future the Village will report capital projects on the modified accrual basis.
2020-001
The Form SF-SAC will be filed late for the year ended May 31, 2021. Cause: First year audit for the Village. Effect: The Association is not in compliance with the Uniform Guidance requirements. Recommendation: Procedures should be developed and implemented to ensure timely filings.
Show full finding ▾Hide full finding ▴2021-2 Late Filing of Form SF-SAC Data Collection Form Criteria: The Uniform Guidance requires that Form SF-SAC be filed no later than nine months after year end, in this case by February 28, 2022. Condition: The Form SF-SAC will be filed late for the year ended May 31, 2021. Cause: First year audit for the Village. Effect: The Association is not in compliance with the Uniform Guidance requirements. Recommendation: Procedures should be developed and implemented to ensure timely filings.
Procedures should be developed and implemented to ensure timely filings. May 31, 2020 was the first audit the Village had in several years. Having gone through the process the Village knows what must be done to complete the May 31,2021 audit in a timely basis.
2020-002
FAC accepted this audit on January 16, 2022 — management decision was due July 16, 2022.
During the audit we noted approximately $609,000 (all of which related to a federal program) of expenses that had inaccurately been reported in 2020 instead of 2021. Cause: Oversight Effect: There were no questioned costs as a result of this finding as the additional expenses generated an equal amount of additional revenue and an adjustment was made. Recommendation: Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made.
Show full finding ▾Hide full finding ▴2020-1 Proper Expense Cut-off Criteria: Generally Accepted Accounting Principles and the Uniform Guidance require that the Association?s records be maintained on an accrual basis, which includes proper cut-off of revenue and expenses. Condition: During the audit we noted approximately $609,000 (all of which related to a federal program) of expenses that had inaccurately been reported in 2020 instead of 2021. Cause: Oversight Effect: There were no questioned costs as a result of this finding as the additional expenses generated an equal amount of additional revenue and an adjustment was made. Recommendation: Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made.
Procedures should be developed and implemented to verify that a proper cut-off of revenues and expenses is made. The Village had previously reported capital projects on a cash basis. In the future the Village will report capital projects on the modified accrual basis.
The Form SF-SAC will be filed late for the year ended May 31, 2020. Cause: First year audit for the Village. Effect: The Association is not in compliance with the Uniform Guidance requirements. Recommendation: Procedures should be developed and implemented to ensure timely filings.
Show full finding ▾Hide full finding ▴2020-2 Late Filing of Form SF-SAC Data Collection Form Criteria: The Uniform Guidance requires that Form SF-SAC be filed no later than nine months after year end, in this case by February 28, 2021. Condition: The Form SF-SAC will be filed late for the year ended May 31, 2020. Cause: First year audit for the Village. Effect: The Association is not in compliance with the Uniform Guidance requirements. Recommendation: Procedures should be developed and implemented to ensure timely filings.
Procedures should be developed and implemented to ensure timely filings. May 31, 2020 was the first audit the Village had in several years. Having gone through the process the Village knows what must be done to complete the May 31,2021 audit in a timely basis.
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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