EIN: 161132971
UEI: YJS4F75ZZLL6
Audited by: Gustafson & Wargo CPAs LLP
Oversight agency: 81 [Department of Energy]
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Data as of September 14, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 12, 2025. 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 12, 2026 (215 days ago).
What is a management decision? →Material Weakness: As discussed at Finding 2024-001 Monthly bank reconciliations were not performed for any bank accounts for the period January through August 2024. As a result, discrepancies between the bank statements and the organization’s accounting records were neither identified nor investigated in a timely manner. The absence of these controls increases the risk of errors or omissions in financial reporting, may result in noncompliance with accounting standards, and could lead to material misstatements or undetected errors in the financial statements and in charges to federal awards. We recommend that management implement a formal policy requiring monthly bank reconciliations for all bank accounts. Staff responsible for this process should receive appropriate training and completed reconciliations should be reviewed and approved by a supervisor and the review should be documented. This will help ensure the accuracy of cash records and strengthen the organization’s internal control environment.
Show full finding ▾Hide full finding ▴Material Weakness: As discussed at Finding 2024-001 Monthly bank reconciliations were not performed for any bank accounts for the period January through August 2024. As a result, discrepancies between the bank statements and the organization’s accounting records were neither identified nor investigated in a timely manner. The absence of these controls increases the risk of errors or omissions in financial reporting, may result in noncompliance with accounting standards, and could lead to material misstatements or undetected errors in the financial statements and in charges to federal awards. We recommend that management implement a formal policy requiring monthly bank reconciliations for all bank accounts. Staff responsible for this process should receive appropriate training and completed reconciliations should be reviewed and approved by a supervisor and the review should be documented. This will help ensure the accuracy of cash records and strengthen the organization’s internal control environment.
Action Taken: Stoneleigh Housing, Inc. agrees with this finding and the Board of Directors will issue a formal written fiscal policy and has hired an outside bookkeeping firm to handle fiscal matters, inclusive of monthly bank reconciliations for all bank accounts.
Material Weakness: As discussed in finding 2024-002 the organization does not provide adequate training for accounting staff, nor is there evidence of supervisory review of staff work. The absence of these controls increases the risk of errors or omissions in financial reporting and may result in noncompliance with applicable accounting standards. We recommend management implement a formal training program and require documented supervisory review of all significant accounting tasks to strengthen the control environment.
Show full finding ▾Hide full finding ▴Material Weakness: As discussed in finding 2024-002 the organization does not provide adequate training for accounting staff, nor is there evidence of supervisory review of staff work. The absence of these controls increases the risk of errors or omissions in financial reporting and may result in noncompliance with applicable accounting standards. We recommend management implement a formal training program and require documented supervisory review of all significant accounting tasks to strengthen the control environment.
Action Taken: Stoneleigh Housing, Inc. agrees with the finding. The Board of Directors will be issuing a formal policy concerning fiscal management and responsibility. The Board of Directors has also approved and hired an independent booking keeping firm to alleviate the burden of staff training for fiscal matters.
The auditee did not submit the data collection form (Form SF-SAC) and the Single Audit Reporting Package to the Federal Audit Clearinghouse by the required deadline.
Show full finding ▾Hide full finding ▴Condition: The auditee did not submit the data collection form (Form SF-SAC) and the Single Audit Reporting Package to the Federal Audit Clearinghouse by the required deadline.
Action Taken: Stoneleigh Housing, Inc. agrees with the finding and the recommended procedures are being addressed and will be implemented
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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