EIN: 426005266
UEI: Q9H2LFM5D7N3
Audited by: ROOF, GERDES, ERLBACHER, PLC
Oversight agency: 10 [Department of Agriculture]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 24, 2025. 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 24, 2025 (342 days ago).
What is a management decision? →United States Department of Agriculture Loan Agreement Criteria - The provisions of the USDA lan agreement require the Utilities to establish and maintain a reserve account, a sinking account and a short-lived asset account. Condition - A sinking account, rexerve account and a short-lived asset account were not established and maintained by the Utilities. Cause - The Utilites did not adequately review the USDA laon agreement requirements. Effect - The Utilities is not in compliance with the provisions of the USDA loan agreement. Recommendation - The Utilities should ensure complianc with the provisions of the USDA loan agreement. Specifically, the USDA should establish and maintain a simking account, rexerve account and a short-lived asset account in accordance with the USDA loan agreement. Response and Corrective Action Planned - We will attempt to implement the various aspects of this recommendation. Conclusion - Response acknowledged.
Show full finding ▾Hide full finding ▴United States Department of Agriculture Loan Agreement Criteria - The provisions of the USDA lan agreement require the Utilities to establish and maintain a reserve account, a sinking account and a short-lived asset account. Condition - A sinking account, rexerve account and a short-lived asset account were not established and maintained by the Utilities. Cause - The Utilites did not adequately review the USDA laon agreement requirements. Effect - The Utilities is not in compliance with the provisions of the USDA loan agreement. Recommendation - The Utilities should ensure complianc with the provisions of the USDA loan agreement. Specifically, the USDA should establish and maintain a simking account, rexerve account and a short-lived asset account in accordance with the USDA loan agreement. Response and Corrective Action Planned - We will attempt to implement the various aspects of this recommendation. Conclusion - Response acknowledged.
We will be in contact with the USDA to have them help us with this issue.
FAC accepted this audit on March 1, 2024 — management decision was due September 1, 2024.
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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