EBENEZER PARK APARTMENTS

EIN: 411378656

UEI: GSA_MIGRATION

Data as of August 24, 2026

EBENEZER PARK APARTMENTS5 audit years3 findings2 repeat
5
Audit Years
3
Total Findings
2
Repeat Findings

FY 2020-09-20

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 5, 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 5, 2021 (1785 days ago).

What is a management decision? →
2020-002
Cash Management
REPEAT

Deposits held at financial institutions exceeded the FDIC insurance limits. Criteria: All deposits are to be federally insured or the financial institutions that have deposits exceeding the federal insurance are to meet the minimum acceptable ratings established by the Government National Mortgage Association. The ratings are to be monitored on a quarterly basis and the monitoring documentation needs to be maintained for three years. Effect: The deposits maintained at the financial institutions are not properly insured. Cause: Deposits held at financial institutions exceeded the FDIC insurance limits. Recommendation: Management should adopt policies and procedures to insure all deposits are federally insured or the financial institution with funds exceeding the federal insurance limit are monitored on a quarterly basis.

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Full finding narrative

Condition: Deposits held at financial institutions exceeded the FDIC insurance limits. Criteria: All deposits are to be federally insured or the financial institutions that have deposits exceeding the federal insurance are to meet the minimum acceptable ratings established by the Government National Mortgage Association. The ratings are to be monitored on a quarterly basis and the monitoring documentation needs to be maintained for three years. Effect: The deposits maintained at the financial institutions are not properly insured. Cause: Deposits held at financial institutions exceeded the FDIC insurance limits. Recommendation: Management should adopt policies and procedures to insure all deposits are federally insured or the financial institution with funds exceeding the federal insurance limit are monitored on a quarterly basis.

Corrective Action Plan

Planned Corrective Actions: Management will monitor the credit ratings of the financial institutions with deposits in excess of the FDIC limit.

Prior Finding References

2019-001

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FY 2019-12-31

FAC accepted this audit on May 4, 2020 — management decision was due November 4, 2020.

2019-001
Cash Management
REPEAT

Deposits held at financial institutions exceeded the FDIC insurance limits. Criteria: All deposits are to be federally insured or the financial institutions that have deposits exceeding the federal insurance are to meet the minimum acceptable ratings established by the Government National Mortgage Association. The ratings are to be monitored on a quarterly basis and the monitoring documentation needs to be maintained for three years. Effect: The deposits maintained at the financial institutions are not properly insured. Cause: Deposits held at financial institutions exceeded the FDIC insurance limits. Recommendation: Management should adopt policies and procedures to insure all deposits are federally insured or the financial institution with funds exceeding the federal insurance limit are monitored on a quarterly basis.

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Full finding narrative

Condition: Deposits held at financial institutions exceeded the FDIC insurance limits. Criteria: All deposits are to be federally insured or the financial institutions that have deposits exceeding the federal insurance are to meet the minimum acceptable ratings established by the Government National Mortgage Association. The ratings are to be monitored on a quarterly basis and the monitoring documentation needs to be maintained for three years. Effect: The deposits maintained at the financial institutions are not properly insured. Cause: Deposits held at financial institutions exceeded the FDIC insurance limits. Recommendation: Management should adopt policies and procedures to insure all deposits are federally insured or the financial institution with funds exceeding the federal insurance limit are monitored on a quarterly basis.

Corrective Action Plan

Management will monitor the credit ratings of the financial institutions with deposits in excess of the FDIC limit.

Prior Finding References

2018-001

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FY 2018-12-31

FAC accepted this audit on June 8, 2019 — management decision was due December 8, 2019.

2018-001
Cash Management

GSA_MIGRATION

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Full finding narrative

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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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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