EIN: 320493968
UEI: SJCMRBUAHEJ1
Audited by: EIDE BAILLY LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 6, 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 May 6, 2023 (1213 days ago).
What is a management decision? →Our testing of the use of Project funds detected one instance where an employee?s timesheet was not approved and one instance where an employee?s timesheet was approved after payroll; however, we were unable to determine whether the review occurred within a reasonable amount of time after the payroll period. Cause: There was a lapse in oversight of the internal control process designed to ensure timesheets are properly approved and approved within a reasonable amount of time after the payroll period. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $0 Context/Sampling: A nonstatistical sample of 60 of the Project?s 660 disbursements ($235,759 of $1,234,314 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of established review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Show full finding ▾Hide full finding ▴2022-002 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Special Tests and Provisions: Property and Operations, Distributions, and Reimbursement of Advances Significant Deficiency in Internal Control over Compliance Criteria: 2 CRF 200.303(a) establishes that the auditee must establish and maintain effective internal control over the federal award that provides assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. Condition: Our testing of the use of Project funds detected one instance where an employee?s timesheet was not approved and one instance where an employee?s timesheet was approved after payroll; however, we were unable to determine whether the review occurred within a reasonable amount of time after the payroll period. Cause: There was a lapse in oversight of the internal control process designed to ensure timesheets are properly approved and approved within a reasonable amount of time after the payroll period. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $0 Context/Sampling: A nonstatistical sample of 60 of the Project?s 660 disbursements ($235,759 of $1,234,314 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of established review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Finding 2022-002 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Federal Financial Assistance Listing #14.155 Finding Summary: The Project?s internal control process requires approval of timesheets. During testing, there was one instance where an employee?s timesheet was not approved and one instance where an employee?s timesheet was approved after payroll; however, we were unable to determine whether the review occurred within a reasonable amount of time after the payroll period. Responsible Individuals: Lana Walter, Manager, Regional Affordable Housing and Matt Sieler, Supervisor Accounting Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Correction Date: January 31, 2022
Our testing identified the Project transacted more than $25,000 with a vendor but did not retain documentation to support verification that the vendor was not included as an excluded party within the System for Award Management (SAM). Cause: There was a lapse in oversight of the internal control process over suspension and debarment. Effect: The Project could execute a covered transaction with a party that is suspended or debarred or otherwise excluded. Questioned Costs: None Reported Context/Sampling: Sampling was not used. Repeat Finding from Prior Year: No Recommendation: We recommend the Project?s sponsor review its policies and procedures to ensure all vendors are compared to the SAM and documentation is retained before the Project executes a covered transaction. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Show full finding ▾Hide full finding ▴2022-003 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Suspension and Debarment Significant Deficiency in Internal Control over Compliance Criteria: 2 CRF 200.303(a) establishes that the auditee must establish and maintain effective internal control over the federal award that provides assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. As outlined in 2 CFR 180, recipients must not utilize any vendor which is suspended or debarred or is otherwise excluded from the central contractor registry. Condition: Our testing identified the Project transacted more than $25,000 with a vendor but did not retain documentation to support verification that the vendor was not included as an excluded party within the System for Award Management (SAM). Cause: There was a lapse in oversight of the internal control process over suspension and debarment. Effect: The Project could execute a covered transaction with a party that is suspended or debarred or otherwise excluded. Questioned Costs: None Reported Context/Sampling: Sampling was not used. Repeat Finding from Prior Year: No Recommendation: We recommend the Project?s sponsor review its policies and procedures to ensure all vendors are compared to the SAM and documentation is retained before the Project executes a covered transaction. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Finding 2022-003 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Federal Financial Assistance Listing #14.155 Finding Summary: The Project transacted more than $25,000 with a vendor but did not retain documentation to support verification that the vendor was not included as an excluded party within the System for Award Management (SAM). Responsible Individuals: Daniel Schneider, Supervisor, Finance and Matt Sieler, Supervisor Accounting Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Correction Date: January 31, 2022
FAC accepted this audit on April 21, 2021 — management decision was due October 21, 2021.
Our testing of disbursements identified that a disbursement of surplus cash to the member was not approved at a level required by the Project?s internal control policy. Cause: A recent change in the design of the internal control process surrounding intercompany transactions and the disbursement of Project funds through these transactions did not adequately consider all elements of intercompany disbursements. Effect: Disbursements of the Project?s funds that are not in compliance with HUD regulations could occur. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of 40 of the Project?s 565 disbursements ($239,324 of $876,546 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures relating to disbursement of surplus cash to ensure disbursements are approved at the level required by the Project?s internal control policy. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Show full finding ▾Hide full finding ▴2020-001 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Special Tests and Provisions: Property and Operations, Distributions, and Reimbursement of Advances Significant Deficiency in Internal Control over Compliance Criteria: The Project?s internal control process requires cash disbursements be reviewed and approved by an authorized employee based on assigned approval levels. Condition: Our testing of disbursements identified that a disbursement of surplus cash to the member was not approved at a level required by the Project?s internal control policy. Cause: A recent change in the design of the internal control process surrounding intercompany transactions and the disbursement of Project funds through these transactions did not adequately consider all elements of intercompany disbursements. Effect: Disbursements of the Project?s funds that are not in compliance with HUD regulations could occur. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of 40 of the Project?s 565 disbursements ($239,324 of $876,546 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures relating to disbursement of surplus cash to ensure disbursements are approved at the level required by the Project?s internal control policy. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Finding 2020-001 Phone: 605-362-3100 Fax: 605-362-3309 wviw.good-sam.com Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Federal Financial Assistance Listing #14.155 Finding Summary: The Project's internal control process requires cash disbursements be reviewed and approved by an authorized employee based on assigned approval levels. The auditors identified that a disbursement of surplus cash to the member was not approved at a level required by the Project's internal control policy. Responsible Individuals: Susan Beaman, Director, Accounting Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Completion Date: June 30, 2021
FAC accepted this audit on April 22, 2020 — management decision was due October 22, 2020.
FAC accepted this audit on April 24, 2019 — management decision was due October 24, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on April 24, 2018 — management decision was due October 24, 2018.
GSA_MIGRATION
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