EIN: 391255770
UEI: M3B6TBAHXY78
Audited by: PENTE FINANCIAL SERVICES LLC
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 28, 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 October 28, 2026 (59 days from today).
What is a management decision? →During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2025, the balance in the reserve account was $95,020. Cause: Expenditures from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Identification of a Repeat Finding: This is a repeat finding from previous audit. See 2024-003. Views of Responsible Officials: See attached corrective action plan.
Show full finding ▾Hide full finding ▴2025-003 Program: 10.447 – Multi-Family Housing Revitalization and Demonstration Program Description: Inadequate Reserve Funds Condition: During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2025, the balance in the reserve account was $95,020. Cause: Expenditures from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Identification of a Repeat Finding: This is a repeat finding from previous audit. See 2024-003. Views of Responsible Officials: See attached corrective action plan.
Reference Number: 2025-003 Description: Inadequate Reserve Funds Corrective Action Plan: The Housing Authority of the City of Burlington will carefully review the requirements of the debt service agreements regarding reserve funds and inquire of the U.S. Department of Agriculture to ensure these funds are at the appropriate balance. Anticipated Corrective Action Plan Completion Date: ongoing Contact Information: For additional information regarding this finding, please contact Arlene Odeja, Property Manager at 262-763-5566.
2024-003
FAC accepted this audit on June 2, 2025 — management decision was due December 2, 2025.
During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2024, the required balance in the reserve account was $167,521. The actual reserve account balance was $108,417. Cause: Expenditures from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Identification of a Repeat Finding: This is a repeat finding from previous audit. See 2023-003. Views of Responsible Officials: See attached corrective action plan.
Show full finding ▾Hide full finding ▴2024-003 Program: 10.447 – Multi-Family Housing Revitalization and Demonstration Program Description: Inadequate Reserve Funds Condition: During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2024, the required balance in the reserve account was $167,521. The actual reserve account balance was $108,417. Cause: Expenditures from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Identification of a Repeat Finding: This is a repeat finding from previous audit. See 2023-003. Views of Responsible Officials: See attached corrective action plan.
Reference Number: 2024-003 Description: Inadequate Reserve Funds Corrective Action Plan: The Housing Authority of the City of Burlington will carefully review the requirements of the debt service agreements regarding reserve funds and inquire of the U.S. Department of Agriculture to ensure these funds are at the appropriate balance. Anticipated Corrective Action Plan Completion Date: ongoing Contact Information: For additional information regarding this finding, please contact Arlene Odeja, Property Manager at 262-763-5566.
2023-003
FAC accepted this audit on April 15, 2024 — management decision was due October 15, 2024.
During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2023, the required balance in the reserve account was $167,521. The actual reserve account balance was $95,020. Cause: Expenditures in excess of approved amounts from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Views of Responsible Officials: See attached corrective action plan.
Show full finding ▾Hide full finding ▴2023-003 Program: 10.447–Multi-Family Housing Revitalization and Demonstration Program Description: Inadequate Reserve Funds Condition: During our testing of reserve balances to comply with requirements of the debt service agreement, it was noted that the reserve balance did not comply with the minimum amount required. Criteria: Requirement 7 CFR 3560 states that the Housing Authority shall establish and maintain on its books a reserve account as long as the loan obligations remain unsatisfied. This reserve account requires deposits of stated amounts until the reserve account reaches the sum of $350,000. Use of funds deposited to the account will be in accordance with 7 CFR 3560 or any successor regulation. As of August 31, 2023, the required balance in the reserve account was $167,521. The actual reserve account balance was $95,020. Cause: Expenditures in excess of approved amounts from the reserve account. Effect: Insufficient reserve account balances could effect future borrowings and the Housing Authority’s ability to perform required maintenance or facility improvements. Recommendation: It is important that management remain aware of the required balance in the reserve account and transfer appropriate funds to remain in compliance with debt agreements. Views of Responsible Officials: See attached corrective action plan.
Reference Number: 2023-003 Description: Inadequate Reserve Funds Corrective Action Plan: The Housing Authority of the City of Burlington will carefully review the requirements of the debt service agreements regarding reserve funds and inquire of the U.S. Department of Agriculture to ensure these funds are at the appropriate balance. Anticipated Corrective Action Plan Completion Date: ongoing Contact Information: For additional information regarding this finding, please contact Arlene Odeja, Property Manager at 262-763-5566.
FAC accepted this audit on January 16, 2023 — management decision was due July 16, 2023.
Material Weaknesses: The material weaknesses at Findings 2022-001, 2021-002, and 2021-003 also apply to this program.
Show full finding ▾Hide full finding ▴Material Weaknesses: The material weaknesses at Findings 2022-001, 2021-002, and 2021-003 also apply to this program.
Rural Rental Housing Loans - Assistance Listing No 10.415 Material Weaknesses: See Findings 2022-001, 2022-002, 2022-003
2021-004
Material Weaknesses: The material weaknesses at Findings 2022-001, 2021-002, and 2021-003 also apply to this program.
Show full finding ▾Hide full finding ▴Material Weaknesses: The material weaknesses at Findings 2022-001, 2021-002, and 2021-003 also apply to this program.
Multi-Family Housing Revitalization Demonstration Program - Assistance Listing No 10.447 Material Weaknesses: See Findings 2022-001, 2022-002, 2022-003
2021-005
FAC accepted this audit on February 22, 2022 — management decision was due August 22, 2022.
Material Weaknesses: The material weaknesses at Findings 2021-001, 2021-002 and 2021-003 also apply to this program.
Show full finding ▾Hide full finding ▴Material Weaknesses: The material weaknesses at Findings 2021-001, 2021-002 and 2021-003 also apply to this program.
Rural Rental Housing Loans -CFDA No. 10.415 Material Weaknesses: See Findings 2019-001, 2021-002 and 2021-003.
2020-004
Material Weaknesses: The material weaknesses at Findings 2021-001, 2021-002 and 2021-003 also apply to this program.
Show full finding ▾Hide full finding ▴Material Weaknesses: The material weaknesses at Findings 2021-001, 2021-002 and 2021-003 also apply to this program.
Multi-Family Housing Revitalization Demonstration Program -CFDA No. 10.447 Material Weaknesses: See Findings 2021-001, 2021-002 and 2021-003.
2020-005
FAC accepted this audit on December 17, 2020 — management decision was due June 17, 2021.
RURAL RENTAL HOUSING LOANS ? CFDA NO. 10.415 Material Weaknesses: The material weaknesses at Findings 2020-001,2020-002 and 2020-2003 also apply to this program.
Show full finding ▾Hide full finding ▴RURAL RENTAL HOUSING LOANS ? CFDA NO. 10.415 Material Weaknesses: The material weaknesses at Findings 2020-001,2020-002 and 2020-2003 also apply to this program.
FINDINGS ? FEDERAL AWARD PROGRAMS AUDITS UNITED STATES DEPARTMENT OF AGRICULTURE 2020-004 Rural Rental Housing Loans ? CFDA No. 10.415 Material Weaknesses: See Findings 2020-001, 2020-002 and 2020-003.
2019-004
MULTI-FAMILY HOUSING REVITALIZATION DEMONSTRATION PROGRAM ? CFDA NO. 10.447 Material Weaknesses: The material weaknesses at Findings 2020-001,2020-002 and 2020-2003 also apply to this program.
Show full finding ▾Hide full finding ▴MULTI-FAMILY HOUSING REVITALIZATION DEMONSTRATION PROGRAM ? CFDA NO. 10.447 Material Weaknesses: The material weaknesses at Findings 2020-001,2020-002 and 2020-2003 also apply to this program.
2020-005 Multi-Family Housing Revitalization Demonstration Program ? CFDA No. 10.447 Material Weaknesses: See Findings 20209-001, 2020-002 and 2020-003.
2019-005
FAC accepted this audit on March 15, 2020 — management decision was due September 15, 2020.
See Findings 2019-001, Segregation of Duties; 2019-002, Preparation of Annual Financial Statements; 2019-003, Preparation of the Schedule of Expenditures of Federal Awards.
Show full finding ▾Hide full finding ▴See Findings 2019-001, Segregation of Duties; 2019-002, Preparation of Annual Financial Statements; 2019-003, Preparation of the Schedule of Expenditures of Federal Awards.
See Findings 2019-001, 2019-002 and 2019-003
See Findings 2019-001, Segregation of Duties; 2019-002, Preparation of Annual Financial Statements; 2019-003, Preparation of the Schedule of Expenditures of Federal Awards.
Show full finding ▾Hide full finding ▴See Findings 2019-001, Segregation of Duties; 2019-002, Preparation of Annual Financial Statements; 2019-003, Preparation of the Schedule of Expenditures of Federal Awards.
See Findings 2019-001, 2019-002 and 2019-003
FAC accepted this audit on January 15, 2019 — management decision was due July 15, 2019.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on January 4, 2018 — management decision was due July 4, 2018.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on January 29, 2017 — management decision was due July 29, 2017.
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