EIN: 382337343
UEI: UDRGENTUWNM9
Audited by: Anderson Tackman and Co PLC
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 December 20, 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 June 20, 2024 (802 days ago).
What is a management decision? →FAC accepted this audit on January 18, 2022 — management decision was due July 18, 2022.
During the audit it was noted the Commission held funds of $23,852 in excess of the FDIC insurance limit at one bank that were not insured and uncollateralized. Criteria: Compliance N.15 states that the Commission is required to have depository agreements signed by all financial institutions it does business with. The deposit agreement states that the financial institution will insure any of the Commission?s funds that exceed FDIC limits. Condition: The Commission was not in compliance with the ACC contract requiring funds held in excess of FDIC limits be insured. The Commission also did not have policies and procedures in place to monitor cash and investments to verify that the collateral provided by the financial institutions was adequate throughout the year. Questioned Costs: $23,852 Effect: The Commission is not in compliance with the ACC contract. Cause: Lack of internal controls over monitoring of collateralization of underinsured accounts. Recommendation: The Commission should require its financial institutions to provide documentation of collateral at a minimum on a quarterly basis. The Commission should also adopt policies and procedures to monitor its cash and investments continuously to verify that the collateral provided by the financial institutions is adequate throughout the year. Management?s Response: Management has moved all excess funds to an ICS account that will ensure all balances are fully insured.
Show full finding ▾Hide full finding ▴Statement of Condition: During the audit it was noted the Commission held funds of $23,852 in excess of the FDIC insurance limit at one bank that were not insured and uncollateralized. Criteria: Compliance N.15 states that the Commission is required to have depository agreements signed by all financial institutions it does business with. The deposit agreement states that the financial institution will insure any of the Commission?s funds that exceed FDIC limits. Condition: The Commission was not in compliance with the ACC contract requiring funds held in excess of FDIC limits be insured. The Commission also did not have policies and procedures in place to monitor cash and investments to verify that the collateral provided by the financial institutions was adequate throughout the year. Questioned Costs: $23,852 Effect: The Commission is not in compliance with the ACC contract. Cause: Lack of internal controls over monitoring of collateralization of underinsured accounts. Recommendation: The Commission should require its financial institutions to provide documentation of collateral at a minimum on a quarterly basis. The Commission should also adopt policies and procedures to monitor its cash and investments continuously to verify that the collateral provided by the financial institutions is adequate throughout the year. Management?s Response: Management has moved all excess funds to an ICS account that will ensure all balances are fully insured.
Luna Pier Housing Commission respectfully submits the following corrective action plan for the year ended June 30, 2021. Audit performed by: Anderson, Tackman & Company, P.L.C. 201 East Hughitt Iron Mountain, MI 49801 Audit Period: June 30, 2021 The findings from the January 18, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Findings ? Financial Statement Audit None Findings ? Federal Award Programs Audit Significant Deficiency 2021-001 Public and Indian Housing ? CFDA 14.850 Recommendation: The Commission should require its financial institutions to provide documentation of collateral at a minimum on a quarterly basis. The Commission should also adopt policies and procedures to monitor its cash and investments continuously to verify that the collateral provided by the financial institutions is adequate throughout the year. Action Taken: Management has moved all excess funds to an ICS account that will ensure all balances are fully insured. Anticipated Completion Date of Action: December 31, 2021 If the Housing and Urban Development has questions regarding this plan, please use the contact information below: Jennifer Jacobs Executive Director Luna Pier Housing Commission 10885 Ellen Street Luna Pier, MI 48157 734-848-2355
FAC accepted this audit on January 27, 2021 — management decision was due July 27, 2021.
Finding 2019-001 Board Governance and Required Documents The Board was not provided with monthly Financial Statements during the year; the 1 year and 5 year plans have not been completed as required by HUD.
Show full finding ▾Hide full finding ▴Finding 2019-001 Board Governance and Required Documents The Board was not provided with monthly Financial Statements during the year; the 1 year and 5 year plans have not been completed as required by HUD.
Finding 2019-001 Board Governance and Required Documents As Executive Director I intend to present the Board with monthly financial statements for review and to submit all required documents to HUD like the one and five year plans. I welcome any recommendations and policies the Board approves and hope to obtain training in the future.
2019-001
Finding 2019-002 Lack of Security Deposit Account or Bond The Commission had a cash flow problem and the Capital Fund had been frozen; the management agent closed all the cash accounts into the general fund checking.
Show full finding ▾Hide full finding ▴Finding 2019-002 Lack of Security Deposit Account or Bond The Commission had a cash flow problem and the Capital Fund had been frozen; the management agent closed all the cash accounts into the general fund checking.
Finding 2019-002 Lack of Security Deposit Account or Bond We will investigate an insurance bond in the short run; when the cash account has improved and we can afford to fund the security deposit account, we will open a security deposit account.
2019-002
Finding 2019-003 Laundry Contract and Equipment Purchase The Commission apparently entered into a contract with a laundry company whereas the company provides the laundry equipment and then splits the usage proceeds with the Commission. The Contract renews in ten year intervals; there is a short window of time to cancel the contract before the renewal date. The current contract is due to expire on Jan 1, 2029.
Show full finding ▾Hide full finding ▴Finding 2019-003 Laundry Contract and Equipment Purchase The Commission apparently entered into a contract with a laundry company whereas the company provides the laundry equipment and then splits the usage proceeds with the Commission. The Contract renews in ten year intervals; there is a short window of time to cancel the contract before the renewal date. The current contract is due to expire on Jan 1, 2029.
Finding 2019-003 Laundry Contract and Acquisition of Landry Equipment We have contracted HUD for advice on the purchase of the laundry equipment and are inquiring with our attorney the validity of the laundry equipment contract; if the contract can be broken or invalidated, then we could use laundry equipment. Should we find the contract is valid for the next ten years, we will evaluate our options and any suggestions HUD may provide.
2019-003
Finding 2019-004 Cash Disbursement Documentation Discrepancies 7 of 25 Cash Disbursements lacked proper documentation; all payments should have adequate supporting paperwork attached to the payment voucher.
Show full finding ▾Hide full finding ▴Finding 2019-004 Cash Disbursement Documentation Discrepancies 7 of 25 Cash Disbursements lacked proper documentation; all payments should have adequate supporting paperwork attached to the payment voucher.
Finding 2019-004 Cash Disbursement Documentation We will immediately provide adequate documentation for all cash disbursements and design a filing system for easy retrieval.
2019-004
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