EIN: 411943697
UEI: LX7KG1W1BG26
Audited by: Eide Bailly
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 9, 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 9, 2026 (36 days from today).
What is a management decision? →FAC accepted this audit on April 26, 2025 — management decision was due October 26, 2025.
FAC accepted this audit on April 26, 2024 — management decision was due October 26, 2024.
Depreciation expense was overstated. Cause: The Project improperly rolled forward accumulated depreciation from 2022 resulting in too high of depreciation expense being recorded in order to reconcile to ending accumulated depreciation as noted on the schedule. Questioned Costs: None Effect: Procedures were not in place to ensure that depreciation schedules were properly rolled forward from 2022. Recommendation: We recommend the Project strengthen procedures to ensure proper roll forward of depreciation schedules. Views of Responsible Officials: Management concurs with the finding and recommendations. Auditor’s Summary of Auditee’s Comments: improperly rolled forward accumulated depreciation from 2022 resulting in too high of depreciation expense being recorded in order to reconcile to ending accumulated depreciation as noted on the schedule. Management’s Response: Management concurs with the finding and recommendations. Management concurs with the finding and recommendations. Management will implement an additional review step to ensure opening balances on the depreciation schedules are in agreement with the prior year ending balances.
Show full finding ▾Hide full finding ▴Criteria: The Project is responsible for ensuring proper recording of depreciation expense to help ensure the financial statements are prepared in accordance with U.S. GAAP. Condition: Depreciation expense was overstated. Cause: The Project improperly rolled forward accumulated depreciation from 2022 resulting in too high of depreciation expense being recorded in order to reconcile to ending accumulated depreciation as noted on the schedule. Questioned Costs: None Effect: Procedures were not in place to ensure that depreciation schedules were properly rolled forward from 2022. Recommendation: We recommend the Project strengthen procedures to ensure proper roll forward of depreciation schedules. Views of Responsible Officials: Management concurs with the finding and recommendations. Auditor’s Summary of Auditee’s Comments: improperly rolled forward accumulated depreciation from 2022 resulting in too high of depreciation expense being recorded in order to reconcile to ending accumulated depreciation as noted on the schedule. Management’s Response: Management concurs with the finding and recommendations. Management concurs with the finding and recommendations. Management will implement an additional review step to ensure opening balances on the depreciation schedules are in agreement with the prior year ending balances.
Management will implement an additional review step to ensure opening balances on the depreciation schedules are in agreement with the prior year ending balances
FAC accepted this audit on April 20, 2023 — management decision was due October 20, 2023.
FAC accepted this audit on March 22, 2022 — management decision was due September 22, 2022.
FAC accepted this audit on April 7, 2021 — management decision was due October 7, 2021.
FAC accepted this audit on May 3, 2020 — management decision was due November 3, 2020.
FAC accepted this audit on March 20, 2019 — management decision was due September 20, 2019.
FAC accepted this audit on April 12, 2018 — management decision was due October 12, 2018.
FAC accepted this audit on April 2, 2017 — management decision was due October 2, 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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