EIN: 521959450
UEI: F2GXJNY233J1
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 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 30, 2023 (1062 days ago).
What is a management decision? →The project?s surplus cash was not deposited in the residual receipts account within 60 days after year end. Criteria: Any project funds in the project funds account (including earned interest) at the end of the fiscal year shall be deposited with the mortgage or other HUD-approved depository in an interest-bearing account. Effect: The project was not in compliance Questioned Costs: None Cause: Due to turnover in the HUD manager position, this requirement was inadvertently missed for the fiscal year. Recommendation: Management should perform the calculation of surplus cash during the year end closing process and transfer any surplus cash to the residual receipts account if necessary. Current Status: Management agrees with the comment and have transferred the funds in February 2023.
Show full finding ▾Hide full finding ▴Condition: The project?s surplus cash was not deposited in the residual receipts account within 60 days after year end. Criteria: Any project funds in the project funds account (including earned interest) at the end of the fiscal year shall be deposited with the mortgage or other HUD-approved depository in an interest-bearing account. Effect: The project was not in compliance Questioned Costs: None Cause: Due to turnover in the HUD manager position, this requirement was inadvertently missed for the fiscal year. Recommendation: Management should perform the calculation of surplus cash during the year end closing process and transfer any surplus cash to the residual receipts account if necessary. Current Status: Management agrees with the comment and have transferred the funds in February 2023.
2022-001 Section 811 CFDA 14.181 Description of finding: The project?s surplus cash from June 20, 2021 was not deposited to the residual receipts account within 60 days after year end. Action Taken: The surplus cash deposit made for fiscal year ended June 30, 2022 of $30,831 included the amount of surplus cash from June 30, 2021. The remaining required deposit was included in the June 30, 2022 residual receipts deposit made in February 2023
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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