FOREST TOWERS WI. (FOREST TOWERS METRO) 5 MONTH AUDIT 59685

EIN: 391359745

UEI: GSA_MIGRATION

Data as of August 23, 2026

FOREST TOWERS WI. (FOREST TOWERS METRO) 5 MONTH AUDIT 596855 audit years5 findings1 repeat
5
Audit Years
5
Total Findings
1
Repeat Findings

FY 2019-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 15, 2019. 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 April 15, 2020 (2322 days ago).

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2019-001
Reporting / Special Tests & Provisions

Required monthly deposits to the replacement reserve are deficient in the amount of $876. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $876. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: August 8, 2019 Response: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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Full finding narrative

Finding Reference Number: 2019-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The regulatory agreement (as amended) requires monthly deposits of $2,753. Statement of Condition: Required monthly deposits to the replacement reserve are deficient in the amount of $876. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $876. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: August 8, 2019 Response: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Corrective Action Plan

Finding Reference Number: 2019-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The replacement reserve deficiency was funded on August 8, 2019 in the amount of $876. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Completion Date: August 8, 2019

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FY 2018-06-30

FAC accepted this audit on November 5, 2018 — management decision was due May 5, 2019.

2018-001
Reporting / Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2018-002
Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2017-06-30

FAC accepted this audit on November 30, 2017 — management decision was due May 30, 2018.

2017-001
Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2016-06-30

FAC accepted this audit on November 21, 2016 — management decision was due May 21, 2017.

2016-001
Reporting / Special Tests & Provisions
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-001

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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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