Passavant Memorial Homes VII

EIN: 208205630

UEI: NARCJ3MVNE79

Data as of August 23, 2026

Passavant Memorial Homes VII3 audit years1 findings
3
Audit Years
1
Total Findings
0
Repeat Findings

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 11, 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 April 11, 2024 (864 days ago).

What is a management decision? →
2023-001
Special Tests & Provisions

During the process of performing the annual financial statement audit, we noted that the Home had positive surplus cash as of June 30, 2022, which was deposited subsequent to the 60 day deposit deadline into the residual receipts account during the year ended June 30, 2023.HUD requires that surplus cash calculated at year-end be deposited into the residual receipts account within 60 days of year-end.

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Full finding narrative

During the process of performing the annual financial statement audit, we noted that the Home had positive surplus cash as of June 30, 2022, which was deposited subsequent to the 60 day deposit deadline into the residual receipts account during the year ended June 30, 2023.HUD requires that surplus cash calculated at year-end be deposited into the residual receipts account within 60 days of year-end.

Corrective Action Plan

Management notes that the deadline for the June 30, 2023 deposit has already been missed, however, plans to implement additional controls to ensure that future surplus cash (starting with the 2024 required deposit) is deposited into the residual receipts account within 60 days of year-end in accordance with HUD requirements.

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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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