EIN: 261177785
UEI: XMJVVGSVLFP7
Single Audit filed under EIN: 941606519
That audit also covers EIN: 770312119 · unlinked EINs have no separate FAC filing
Audited by: HENDERSON CPAs
Oversight agency: 59 [Small Business Administration]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 17, 2026. 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 October 17, 2026 (46 days from today).
What is a management decision? →FAC accepted this audit on May 30, 2025 — management decision was due November 30, 2025.
FAC accepted this audit on August 8, 2024 — management decision was due February 8, 2025.
FAC accepted this audit on August 1, 2023 — management decision was due February 1, 2024.
While performing testing over federal award reporting procedures in accordance with the IRP it was noted that Fresno Community Development Financial Institution dba Access Plus Capital (the Organization), did not maintain a 6 percent reserve for bad debt of outstanding ultimate recipient loans, as required in accordance with the IRP for the year ended December 31, 2022. Cause: The required 6 percent reserve for bad debt of outstanding ultimate recipient loans was not met. Based on outstanding IRP loan receivable balances as of December 31, 2022, the required 6 percent Reserve for Uncollectable balance should be $41,780, while the actual balance per the IRP general ledger detail was $13,000, for a difference of $28,780. Effect: As a result, the Organization was not in compliance with the USDA?s 6 percent reserve for bad debt requirement for the year ended December 31, 2022. Recommendation: We recommend that the Organization ensure that the IRP reserve for bad debt always contains at least 6 percent of the outstanding IRP loan receivable balances in compliance with the IRP policy and cash management requirements.
Show full finding ▾Hide full finding ▴Finding 2022-002- Significant Deficiency Reserve for Bad Debt Program: USDA Intermediary Relending Program (IRP) CFDA No.: 10.767 Federal Agency: U.S. Department of Agriculture Pass Through: N/A Award Numbers: N/A Award Year: 2022 Fiscal Year Compliance Requirement: Cash Management Questioned Costs: N/A Criteria: Per the Intermediary Relending Program (IRP) reporting requirements, the United States Department of Agriculture (USDA) requires IRP funding recipients to establish a reserve for bad debts of not less than 6 percent of outstanding ultimate recipient loans over the first three years of participation in the IRP program and then have that reserve be maintained throughout the duration of the program agreement. Condition: While performing testing over federal award reporting procedures in accordance with the IRP it was noted that Fresno Community Development Financial Institution dba Access Plus Capital (the Organization), did not maintain a 6 percent reserve for bad debt of outstanding ultimate recipient loans, as required in accordance with the IRP for the year ended December 31, 2022. Cause: The required 6 percent reserve for bad debt of outstanding ultimate recipient loans was not met. Based on outstanding IRP loan receivable balances as of December 31, 2022, the required 6 percent Reserve for Uncollectable balance should be $41,780, while the actual balance per the IRP general ledger detail was $13,000, for a difference of $28,780. Effect: As a result, the Organization was not in compliance with the USDA?s 6 percent reserve for bad debt requirement for the year ended December 31, 2022. Recommendation: We recommend that the Organization ensure that the IRP reserve for bad debt always contains at least 6 percent of the outstanding IRP loan receivable balances in compliance with the IRP policy and cash management requirements.
Management?s Response and Corrective Action Plan: Due to staff turnover access to the reporting platform with USDA was lost. We will be working with USDA to re-obtaining access. Once the access is gained to the platform we are going to go back and submit the reports for the past due quarters. We expect to be back in compliance by the end of the year 2023.
FAC accepted this audit on September 26, 2022 — management decision was due March 26, 2023.
FAC accepted this audit on July 11, 2021 — management decision was due January 11, 2022.
FAC accepted this audit on September 18, 2020 — management decision was due March 18, 2021.
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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