EIN: 421362288
UEI: TBGGW58DKNH3
Data as of August 19, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 25, 2024. 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 July 25, 2024, which was (756 days ago).
What is a management decision? →Criteria: The Organization is required to submit complete and accurate quarterly financial statements within 20 days of the quarter end, the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower’s fiscal year, and audit report within 150 days of borrower’s fiscal year end. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the second quarter of 2023, third quarter of 2023, and fourth quarter of 2023, the annual budget was not submitted timely, and the 6/30/22 audit report was not submitted. Cause: The submission of timely and complete reports was not met due to turnover in the administrator position. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should implement reminders and additional review to ensure the quarterly reports, annual budget , are submitted timely, are complete, and are accurate. Client Response: The Organization will be diligent to get the reports submitted on time and accurately. All reports except the budget have been submitted as of report date.
Criteria: The Organization is required to submit complete and accurate quarterly financial statements within 20 days of the quarter end, the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower’s fiscal year, and audit report within 150 days of borrower’s fiscal year end. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the second quarter of 2023, third quarter of 2023, and fourth quarter of 2023, the annual budget was not submitted timely, and the 6/30/22 audit report was not submitted. Cause: The submission of timely and complete reports was not met due to turnover in the administrator position. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should implement reminders and additional review to ensure the quarterly reports, annual budget , are submitted timely, are complete, and are accurate. Client Response: The Organization will be diligent to get the reports submitted on time and accurately. All reports except the budget have been submitted as of report date.
2022-003
Criteria: The funds set aside for debt service reserve are to be used to make USDA loan payments, but must be approved by the USDA before they can be used. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified funds were used during the year for operational purposes and did not ask or receive permission from the USDA to use the funds. Cause: The requirement was not met due to an oversight of management. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should request permission before using reserve funds. Client Response: The Organization will request permission in the future.
Criteria: The funds set aside for debt service reserve are to be used to make USDA loan payments, but must be approved by the USDA before they can be used. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified funds were used during the year for operational purposes and did not ask or receive permission from the USDA to use the funds. Cause: The requirement was not met due to an oversight of management. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should request permission before using reserve funds. Client Response: The Organization will request permission in the future.
Criteria: The Organization is required to submit complete and accurate quarterly financial statements within 20 days of the quarter end, the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower’s fiscal year, and audit report within 150 days of borrower’s fiscal year end. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the second quarter of 2023, third quarter of 2023, and fourth quarter of 2023, the annual budget was not submitted timely, and the 6/30/22 audit report was not submitted. Cause: The submission of timely and complete reports was not met due to turnover in the administrator position. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should implement reminders and additional review to ensure the quarterly reports, annual budget , are submitted timely, are complete, and are accurate. Client Response: The Organization will be diligent to get the reports submitted on time and accurately. All reports except the budget have been submitted as of report date.
Criteria: The Organization is required to submit complete and accurate quarterly financial statements within 20 days of the quarter end, the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower's fiscal year, and audit report within 150 days of borrower's fiscal year end. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the second quarter of 2023, third quarter of 2023, and fourth quarter of 2023, the annual budget was not submitted timely, and the 6/30/22 audit report was not submitted. Cause: The submission of timely and complete reports was not met due to turnover in the administrator position. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should implement reminders and additional review to ensure the quarterly reports, annual budget, are submitted timely, are complete, and are accurate. Client Resronse: The Organization will be diligent to get the reports submitted on time and accurately. All reports except the budget have been submitted as of report date.
2022-005
Criteria: The funds set aside for debt service reserve are to be used to make USDA loan payments, but must be approved by the USDA before they can be used. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified funds were used during the year for operational purposes and did not ask or receive permission from the USDA to use the funds. Cause: The requirement was not met due to an oversight of management. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should request permission before using reserve funds. Client Response: The Organization will request permission in the future.
Criteria: The funds set aside for debt service reserve are to be used to make USDA loan payments, but must be approved by the USDA before they can be used. Condition: During our review of compliance requirements for the Community Facilities Loans & Grants Cluster, we identified funds were used during the year for operational purposes and did not ask or receive permission from the USDA to use the funds. Cause: The requirement was not met due to an oversight of management. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should request permission before using reserve funds. Client Response: The Organization will request permission in the future.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 27, 2023. 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 September 27, 2023, which was (1058 days ago).
What is a management decision? →REPORTING Criteria: The Organization is responsible for maintaining proper controls over programs to submit complete and accurate quarterly financial statements within 20 days of the quarter end, and the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower?s fiscal year. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the third quarter of 2021 and fourth quarter of 2021, the annual budget was not submitted timely, and the first quarter of 2022 financial statement was not submitted accurately. Cause: The submission of timely and complete reports was not met due to managements? oversight of the requirement to submit quarterly financials. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current processes and ensure the financial reports are reviewed for accuracy and submitted timely by someone who did not prepare the reports. Client Response: The Organization will modify the process to include review by another individual and monitor due dates to submit future reports accurately and on time.
REPORTING Criteria: The Organization is responsible for maintaining proper controls over programs to submit complete and accurate quarterly financial statements within 20 days of the quarter end, and the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower?s fiscal year. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the third quarter of 2021 and fourth quarter of 2021, the annual budget was not submitted timely, and the first quarter of 2022 financial statement was not submitted accurately. Cause: The submission of timely and complete reports was not met due to managements? oversight of the requirement to submit quarterly financials. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current processes and ensure the financial reports are reviewed for accuracy and submitted timely by someone who did not prepare the reports. Client Response: The Organization will modify the process to include review by another individual and monitor due dates to submit future reports accurately and on time.
INSURANCE POLICY CO-OBLIGEE Criteria: The Organization is responsible for having the USDA Rural Development listed as a co-obligee on fidelity bonds or mortgagee (loss payee) on the property insurance policy. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the USDA Rural Development was not listed as a co-obligee on the fidelity bonds or mortgagee (loss payee) on the property insurance policy. Cause: The requirement was not met due to managements? oversight of the requirement to update the property insurance policy. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current procedures to ensure that they are complying with all requirements of the USDA Rural Development loan. Client Response: The Organization will review their monitoring procedures to ensure that they follow loan requirements and also update the insurance policy to include USDA Rural Development as the mortgagee (loss payee).
INSURANCE POLICY CO-OBLIGEE Criteria: The Organization is responsible for having the USDA Rural Development listed as a co-obligee on fidelity bonds or mortgagee (loss payee) on the property insurance policy. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the USDA Rural Development was not listed as a co-obligee on the fidelity bonds or mortgagee (loss payee) on the property insurance policy. Cause: The requirement was not met due to managements? oversight of the requirement to update the property insurance policy. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current procedures to ensure that they are complying with all requirements of the USDA Rural Development loan. Client Response: The Organization will review their monitoring procedures to ensure that they follow loan requirements and also update the insurance policy to include USDA Rural Development as the mortgagee (loss payee).
REPORTING Criteria: The Organization is responsible for maintaining proper controls over programs to submit complete and accurate quarterly financial statements within 20 days of the quarter end, and the annual budget must be submitted to the Agency 30 days prior to the beginning of the borrower?s fiscal year. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the quarterly financial statements were not submitted timely for the third quarter of 2021 and fourth quarter of 2021, the annual budget was not submitted timely, and the first quarter of 2022 financial statement was not submitted accurately. Cause: The submission of timely and complete reports was not met due to managements? oversight of the requirement to submit quarterly financials. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current processes and ensure the financial reports are reviewed for accuracy and submitted timely by someone who did not prepare the reports. Client Response: The Organization will modify the process to include review by another individual and monitor due dates to submit future reports accurately and on time.
GSA_MIGRATION
INSURANCE POLICY CO-OBLIGEE Criteria: The Organization is responsible for having the USDA Rural Development listed as a co-obligee on fidelity bonds or mortgagee (loss payee) on the property insurance policy. Condition: During our review of internal control procedures for the Community Facilities Loans & Grants Cluster, we identified the USDA Rural Development was not listed as a co-obligee on the fidelity bonds or mortgagee (loss payee) on the property insurance policy. Cause: The requirement was not met due to managements? oversight of the requirement to update the property insurance policy. Potential Effect: As a result, the Agency reserves the right to withdraw Agency funding. Recommendation: The Organization should review current procedures to ensure that they are complying with all requirements of the USDA Rural Development loan. Client Response: The Organization will review their monitoring procedures to ensure that they follow loan requirements and also update the insurance policy to include USDA Rural Development as the mortgagee (loss payee).
GSA_MIGRATION
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 12, 2020. 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 May 12, 2021, which was (1926 days ago).
What is a management decision? →Proper Expenditure Approval Criteria ? The Organization is responsible for maintaining proper controls over programs to provide for approval of expenditures. Condition ? During our review of internal control procedures over the Community Facilities Loans and Grant Program, we identified that non-constriction related expenses did not have a proper approval process. Cause ? There was no second review of expenses that were non-construction related. Potential Effect ? There is a potential for unallowable expenses to be paid with loan proceeds. Recommendation ? The Organization should have a board member perform a second review of the expenses before payment. Client Response ? The Organization will review its procedures for ensuring that the non-construction expenses are properly approved.
Proper Expenditure Approval Criteria ? The Organization is responsible for maintaining proper controls over programs to provide for approval of expenditures. Condition ? During our review of internal control procedures over the Community Facilities Loans and Grant Program, we identified that non-constriction related expenses did not have a proper approval process. Cause ? There was no second review of expenses that were non-construction related. Potential Effect ? There is a potential for unallowable expenses to be paid with loan proceeds. Recommendation ? The Organization should have a board member perform a second review of the expenses before payment. Client Response ? The Organization will review its procedures for ensuring that the non-construction expenses are properly approved.
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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