EIN: 363097568
UEI: DCVDF7MJKPC4
Audited by: Audit Solutions LLC
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 27, 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 January 27, 2027 (135 days from today).
What is a management decision? →FAC accepted this audit on July 14, 2025 — management decision was due January 14, 2026.
FAC accepted this audit on July 8, 2024 — management decision was due January 8, 2025.
FAC accepted this audit on August 30, 2023 — management decision was due March 1, 2024.
I noted the following deficiency in bank collateral for funds on deposit as of December 31, 2022: Deposit Insured Deficient BMO Harris Bank $ 366,255 $ 250,000 $ (116,255) Questioned Costs: None noted. Effect: Authority?s funds in excess of the insured amount are vulnerable. Cause: The Authority did not monitor the balances of its accounts closely enough to ensure adequate protection of all funds. Recommendation: I recommend that the Authority periodically contact the bank to ensure all funds are fully secured. Management?s Response: - Cicero Housing will maintain deposits with the bank (BMO Harris) - The Bank (BMO Harris) will provide security as required by applicable law, regulation or rule per the third-party custodian agreement. The custodian (The Bank) agrees to provide safekeeping services and to hold any securities pledged by them in a custodial account established for the benefit of the secured party pursuant to the agreement signed. - The Director (Lillian Gutierrez) will maintain quarterly contact with our bank representative to verify fund balances are fully secure.
Show full finding ▾Hide full finding ▴Deposits in Excess of FDIC & Pledged Securities Coverage. Criteria: All public funds on deposit at a financial institution should be safeguarded by either FDIC insurance or collateral pledged by the financial institution. Condition: I noted the following deficiency in bank collateral for funds on deposit as of December 31, 2022: Deposit Insured Deficient BMO Harris Bank $ 366,255 $ 250,000 $ (116,255) Questioned Costs: None noted. Effect: Authority?s funds in excess of the insured amount are vulnerable. Cause: The Authority did not monitor the balances of its accounts closely enough to ensure adequate protection of all funds. Recommendation: I recommend that the Authority periodically contact the bank to ensure all funds are fully secured. Management?s Response: - Cicero Housing will maintain deposits with the bank (BMO Harris) - The Bank (BMO Harris) will provide security as required by applicable law, regulation or rule per the third-party custodian agreement. The custodian (The Bank) agrees to provide safekeeping services and to hold any securities pledged by them in a custodial account established for the benefit of the secured party pursuant to the agreement signed. - The Director (Lillian Gutierrez) will maintain quarterly contact with our bank representative to verify fund balances are fully secure.
Deposits in Excess of FDIC & Pledged Securities Coverage. Corrective action planned: - Cicero Housing will maintain deposits with the bank (BMO Harris) - The Bank (BMO Harris) will provide security as required by applicable law, regulation or rule per the third-party custodian agreement. The custodian (The Bank) agrees to provide safekeeping services and to hold any securities pledged by them in a custodial account established for the benefit of the secured party pursuant to the agreement signed. - The Director (Lillian Gutierrez) will maintain quarterly contact with our bank representative to verify fund balances are fully secure. Contact person: Lillian Gutierrez, Executive Director. Anticipated completion date: August 2, 2023.
FAC accepted this audit on September 21, 2022 — management decision was due March 21, 2023.
FAC accepted this audit on January 25, 2022 — management decision was due July 25, 2022.
FAC accepted this audit on December 3, 2020 — management decision was due June 3, 2021.
FAC accepted this audit on January 1, 2020 — management decision was due July 1, 2020.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
GSA_MIGRATION
FAC accepted this audit on October 15, 2018 — management decision was due April 15, 2019.
FAC accepted this audit on September 11, 2017 — management decision was due March 11, 2018.
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.
Browse other Single Audit organizations in Illinois →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Add it to a monitored group and get alerted when a new audit, finding, repeat finding, or management-decision deadline shows up — instead of checking back.
Checking several at once? Portfolio view →
© 2026 Single Audit Intelligence. All data is public domain.
