EIN: 391225718
UEI: GSA_MIGRATION
Audited by: JOHNSON BLOCK AND COMPANY, INC.
Oversight agency: 10 [Department of Agriculture]
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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 April 6, 2021. 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 6, 2021 (1789 days ago).
What is a management decision? →FAC accepted this audit on May 26, 2020 — management decision was due November 26, 2020.
During 2019, a $4,000 disbursement was made from the replacement reserve cash account that had not been approved by Rural Development. The disbursement was not an expense of the property. Criteria: Disbursements from the reserve for replacement fund may be made only after written consent is received from Rural Development. Cause: An invoice for an appraisal and market study was incorrectly invoiced to Summit Apartments, Inc. Summit Apartment Inc.?s system of internal control allowed for the disbursement to be made without having a written approval from Rural Development. Effect: Without proper internal controls and approvals, disbursements could be made that are not in compliance with Rural Development requirements. Inconsistencies can arise between Rural Development?s project reserve checkbook authorization (FIN 2100) report and the bank and general ledger activity. Recommendation: Ensure approval procedures are in place and followed surrounding replacement reserve withdrawals.
Show full finding ▾Hide full finding ▴Condition: During 2019, a $4,000 disbursement was made from the replacement reserve cash account that had not been approved by Rural Development. The disbursement was not an expense of the property. Criteria: Disbursements from the reserve for replacement fund may be made only after written consent is received from Rural Development. Cause: An invoice for an appraisal and market study was incorrectly invoiced to Summit Apartments, Inc. Summit Apartment Inc.?s system of internal control allowed for the disbursement to be made without having a written approval from Rural Development. Effect: Without proper internal controls and approvals, disbursements could be made that are not in compliance with Rural Development requirements. Inconsistencies can arise between Rural Development?s project reserve checkbook authorization (FIN 2100) report and the bank and general ledger activity. Recommendation: Ensure approval procedures are in place and followed surrounding replacement reserve withdrawals.
Corrective action has been taken. During 2020, a $4,000 check was issued and reimbursed to Summit Apartments, Inc.?s replacement reserve account.
FAC accepted this audit on April 1, 2019 — management decision was due October 1, 2019.
FAC accepted this audit on April 26, 2018 — management decision was due October 26, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on April 17, 2017 — management decision was due October 17, 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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