EIN: 362740610
UEI: LA15NY1YFHZ1
Audited by: COMER NOWLING AND ASSOCIATES, PC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 24, 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 February 24, 2024 (928 days ago).
What is a management decision? →FAC accepted this audit on May 18, 2022 — management decision was due November 18, 2022.
S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? 14.126 HUD Insured Mortgage S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Unresolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Cooperative and HUD, the Cooperative is required to make monthly deposits, in an amount determined by HUD, into the replacement reserve. S3800-030 Statement of Condition ? The Cooperative did not fund the replacement reserve in the full amount required. S3800-032 Cause ? The mortgage company did not implement the required deposit increase effective October 1, 2021. S3800-033 Effect or Potential Effect ? The replacement reserve was underfunded in the amount of $62. S3800-035 Auditor Non-Compliance Code ? N S3800-040 Questioned Costs ? $62 S3800-045 Reporting Views of Responsible Officials ? The mortgage company has continuously been making errors regarding the replacement reserve deposit, and management is currently trying to work with the mortgage company on resolving the issue and correcting the monthly deposit to reflect the amount required per HUD. S3800-050 Context ? The replacement reserve is underfunded. S3800-080 Recommendation ? The Cooperative needs to continue to work with the mortgage company to resolve the replacement reserve deposit discrepancies and deposit the additional $62 required for the year ended December 31, 2021. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management is aware of the provisions of the Regulatory Agreement and is in discussions with the mortgage company to correct the monthly replacement reserve deposit amount. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? April 2022 S3800-150 Response ? Management will work with the mortgage company on correcting the required monthly deposit to the replacement reserve, as well as deposit the additional $62 into the replacement reserve account.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? 14.126 HUD Insured Mortgage S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Unresolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Cooperative and HUD, the Cooperative is required to make monthly deposits, in an amount determined by HUD, into the replacement reserve. S3800-030 Statement of Condition ? The Cooperative did not fund the replacement reserve in the full amount required. S3800-032 Cause ? The mortgage company did not implement the required deposit increase effective October 1, 2021. S3800-033 Effect or Potential Effect ? The replacement reserve was underfunded in the amount of $62. S3800-035 Auditor Non-Compliance Code ? N S3800-040 Questioned Costs ? $62 S3800-045 Reporting Views of Responsible Officials ? The mortgage company has continuously been making errors regarding the replacement reserve deposit, and management is currently trying to work with the mortgage company on resolving the issue and correcting the monthly deposit to reflect the amount required per HUD. S3800-050 Context ? The replacement reserve is underfunded. S3800-080 Recommendation ? The Cooperative needs to continue to work with the mortgage company to resolve the replacement reserve deposit discrepancies and deposit the additional $62 required for the year ended December 31, 2021. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management is aware of the provisions of the Regulatory Agreement and is in discussions with the mortgage company to correct the monthly replacement reserve deposit amount. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? April 2022 S3800-150 Response ? Management will work with the mortgage company on correcting the required monthly deposit to the replacement reserve, as well as deposit the additional $62 into the replacement reserve account.
Manchester Knolls Cooperative, Inc. respectfully submits the following Corrective Action Plan for the year ended December 31, 2021. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2021-001 Corrective Action Planned ? Management will deposit $62 into the replacement reserve and work with the bank on correcting the monthly replacement reserve deposit to accurately reflect the amount required by HUD. Contact Person(s) Responsible ? Joe Holland, Director of Accounting Anticipated Completion Date ? March 2022 Auditee Disagreements ? N/A This corrective action plan was prepared by Kirkpatrick Management Company, the management company, on behalf of Manchester Knolls Cooperative, Inc.. _______________________________ Joe Holland, Director of Accounting Kirkpatrick Management Company 5702 Kirkpatrick Way Indianapolis, Indiana 46220 317-570-4358
FAC accepted this audit on August 5, 2021 — management decision was due February 5, 2022.
FAC accepted this audit on April 16, 2020 — management decision was due October 16, 2020.
FAC accepted this audit on April 24, 2019 — management decision was due October 24, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on May 7, 2018 — management decision was due November 7, 2018.
FAC accepted this audit on April 13, 2017 — management decision was due October 13, 2017.
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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