EIN: 562316141
UEI: FWMWL8K9EJU5
Audited by: Fox, Garcia & Company, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 9, 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 January 9, 2026 (244 days ago).
What is a management decision? →FAC accepted this audit on October 23, 2023 — management decision was due April 23, 2024.
FAC accepted this audit on December 11, 2022 — management decision was due June 11, 2023.
As of June 30, 2022 the excess residual receipts, $4,861 has not been remitted to HUD. A form 9250 has been submitted to HUD but it is pending as of September 23, 2022. Cause: Management has submitted a request to withdraw the excess funds from residual receipts and submit to HUD, but the request has not been approved and management has not followed up on the original request. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts account was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Recommendation: Management should follow up with HUD relative to the approval request to remit excess residual receipts as described. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management agrees with the finding and will follow up with HUD to obtain the necessary approval to remit the $4,861 in excess residual receipts funds to HUD. Completion Date: n/a Response: Management will follow up with HUD for permission to remit the excess residual receipts.
Show full finding ▾Hide full finding ▴Finding 2022-001 ? Special Tests and Provisions ? Residual Receipts Excess Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: In Process Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2022. Sample Size Information: Residual receipts ending balance at June 30, 2022, considering excess residual receipts due for remittance at PRAC contract termination/renewal at June 1, 2022. Identification of Repeat Finding and Finding Reference Number: This is the fourth consecutive year for this finding for the property. Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units, $3,500) at the time of the PRAC contract termination/renewal, June 1, 2022. Statement of Condition: As of June 30, 2022 the excess residual receipts, $4,861 has not been remitted to HUD. A form 9250 has been submitted to HUD but it is pending as of September 23, 2022. Cause: Management has submitted a request to withdraw the excess funds from residual receipts and submit to HUD, but the request has not been approved and management has not followed up on the original request. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts account was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Recommendation: Management should follow up with HUD relative to the approval request to remit excess residual receipts as described. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management agrees with the finding and will follow up with HUD to obtain the necessary approval to remit the $4,861 in excess residual receipts funds to HUD. Completion Date: n/a Response: Management will follow up with HUD for permission to remit the excess residual receipts.
September 23, 2022 To the Department of Housing & Urban Development Re: Corrective Action Plan New Life Homes 3 respectfully submits the following corrective action plan for the year ended June 30, 2022. Name and address of independent public accounting firm: Palmer & Company 701 Osuna NE, Ste 100 Albuquerque, NM 87113 Audit period: June 30, 2022 The findings from the June 30, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS - FEDERAL AWARD PROGRAMS AUDITS Finding 2022-001 - Special Tests and Provisions - Residual Receipts Excess Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: In Process Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2022. Sample Size Information: Residual receipts ending balance at June 30, 2022, considering excess residual receipts due for remittance at PRAC contract termination/renewal at June 1, 2022. Identification of Repeat Finding and Finding Reference Number: This is the fourth consecutive year for this finding for the property. Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units, $3,500) at the time of the PRAC contract termination/renewal, June 1, 2022. Statement of Condition: As of June 30, 2022 the excess residual receipts, $4,861 has not been remitted to HUD. A form 9250 has been submitted to HUD but it is pending as of September 23, 2022. Cause: Management has submitted a request to withdraw the excess funds from residual receipts and submit to HUD, but the request has not been approved and management has not followed up on the original request. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts account was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Recommendation: Management should follow up with HUD relative to the approval request to remit excess residual receipts as described. Auditor?s Summary of Auditee ?s Comments on the Findings and Recommendations: Management agrees with the finding and will follow up with HUD to obtain the necessary approval to remit the $4,861 in excess residual receipts funds to HUD. Completion Date: n/a Response: Management will follow up with HUD for permission to remit the excess residual receipts. Action Plan: Management will follow up with HUD on remitting the excess funds in the residual receipts account. If you have questions regarding this plan, please call Lori at 505-325-6515 ext 107.
2021-001
FAC accepted this audit on October 8, 2021 — management decision was due April 8, 2022.
As of June 30, 2021 the excess residual receipts, $3,012 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2021. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Management was given permission to not deposit for the prior year but not for the current year. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,012 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management agrees with the finding and will deduct the amount from then next voucher. They will analyze the residual receipts account prior to the next contract renewal date and reduce the next voucher by any excess. They will analyze the residual receipts account prior to the next contract renewal date and reduce the next voucher by any excess. Completion Date: June 1, 2022 Response: Management will analyze the residual receipts accounts before the contract renewal and deduct any excess from the next voucher payment. We will deduct $3012 from the next voucher.
Show full finding ▾Hide full finding ▴Finding 2021-001 ? Special Tests and Provisions ? Residual Receipts Excess Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: In Process Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2021. Sample Size Information: Residual receipts ending balance at June 30, 2021, considering excess residual receipts due for remittance at PRAC contract termination/renewal at June 1, 2021. Identification of Repeat Finding and Finding Reference Number: This is the third consecutive year for this finding for the property. Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units, $3,500) at the time of the PRAC contract termination/renewal, June 1, 2021. Statement of Condition: As of June 30, 2021 the excess residual receipts, $3,012 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2021. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Management was given permission to not deposit for the prior year but not for the current year. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,012 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management agrees with the finding and will deduct the amount from then next voucher. They will analyze the residual receipts account prior to the next contract renewal date and reduce the next voucher by any excess. They will analyze the residual receipts account prior to the next contract renewal date and reduce the next voucher by any excess. Completion Date: June 1, 2022 Response: Management will analyze the residual receipts accounts before the contract renewal and deduct any excess from the next voucher payment. We will deduct $3012 from the next voucher.
FINDING 2021-001 ? Special Tests and Provisions ? Residual Receipts Excess Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units, $3,500) at the time of the PRAC contract termination/renewal, June 1, 2021. Statement of Condition: As of June 30, 2021, the excess residual receipts, $3,012 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2021. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Management was given permission to not deposit for the prior year but not for the current year. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,012 Reporting Views of Responsible Officials: Management agrees that there are excess funds in the residual receipts account. Auditor?s Recommendations: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Action Plan: We will analyze the residual receipts accounts before contract renewal and deduct any excess from the next voucher payment. We will deduct the $3,012 from the next voucher.
2020-001
As of August 31, 2021 the surplus cash, $4,361 has not been deposited into the Residual Receipts account. Cause: Management did not perform annual surplus cash calculations and did not transferred the required surplus cash funds to the Residual Receipts account within sixty days of year-end, August 31, 2021. Effect or Potential Effect: The project was not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was under-funded for the current year and excess surplus cash was not been transferred to Residual Receipts account as required by August 31, 2021. Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees with the Surplus Cash calculations and is aware of the current surplus cash deposit required to the Residual Receipts. A deposit was made to Residual Receipts for $4,861 on September 29, 2021. Recommendation: Management should implement internal controls to calculate surplus cash and make any required deposits within the sixty days after year-end deadline. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has transferred the full obligation of $4,861 of surplus cash to the residual receipts account as of September 29, 2021. This finding is therefore, resolved. Completion Date: September 29, 2021 Response: Management has transferred the full obligation of $4,861 for surplus cash into the residual receipts account on September 29, 2021, thus resolving this finding.
Show full finding ▾Hide full finding ▴Finding 2021-002? Special Tests and Provisions ? Surplus Cash Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: Resolved Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2021. Sample Size Information: Residual receipts ending balance at June 30, 2021, considering surplus cash due from year-end June 30, 2021. Identification of Repeat Finding and Finding Reference Number: This is a new finding for the property. Criteria: Surplus cash of $4,861 was required to be deposited into the Residual Receipts account by August 31, 2021. Statement of Condition: As of August 31, 2021 the surplus cash, $4,361 has not been deposited into the Residual Receipts account. Cause: Management did not perform annual surplus cash calculations and did not transferred the required surplus cash funds to the Residual Receipts account within sixty days of year-end, August 31, 2021. Effect or Potential Effect: The project was not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was under-funded for the current year and excess surplus cash was not been transferred to Residual Receipts account as required by August 31, 2021. Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees with the Surplus Cash calculations and is aware of the current surplus cash deposit required to the Residual Receipts. A deposit was made to Residual Receipts for $4,861 on September 29, 2021. Recommendation: Management should implement internal controls to calculate surplus cash and make any required deposits within the sixty days after year-end deadline. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has transferred the full obligation of $4,861 of surplus cash to the residual receipts account as of September 29, 2021. This finding is therefore, resolved. Completion Date: September 29, 2021 Response: Management has transferred the full obligation of $4,861 for surplus cash into the residual receipts account on September 29, 2021, thus resolving this finding.
FINDING 2021-002 ? Special Tests and Provisions ? Surplus Cash Criteria: Surplus cash of $4,861 was required to be deposited into the Residual Receipts account by August 31, 2021. Statement of Condition: As of August 31, 2021, the surplus cash, $4,861 has not been deposited into the Residual Receipts account. Cause: Management did not perform annual surplus cash calculations and did not transfer the required surplus cash funds to the Residual Receipts account within sixty days of year-end, August 31, 2021. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was under-funded for the current year and excess surplus cash has not been transferred to the Residual Receipts account as required by August 31, 2021 Auditor Non-Compliance Code: B Questioned Cost: $4,861 Reporting Views of Responsible Officials: Management agrees with the Surplus Cash calculations and is aware of the current surplus cash deposit required to the Residual Receipts. A deposit was made to the Residual Receipts for $4,861 on September 29, 2021. Auditor?s Recommendations: Management should implement internal controls to calculate surplus cash and make any required deposits within the sixty days after year-end deadline. Action Plan: Management has transferred the full amount of $4,861 for surplus cash into the residual receipts account on September 29, 2021, thus resolving this finding.
FAC accepted this audit on October 17, 2020 — management decision was due April 17, 2021.
As of June 30, 2020 the excess residual receipts, $3,011 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2020. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,011 Reporting Views of Responsible Officials: Management has requested HUD permission to withdraw $5,888 of Residual Receipts funds to cover specific property operating expenses. Management is aware that if the request for use of residual receipts is denied, the project will be required to transmit the $3,011 to HUD. Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: Resolved Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has requested and HUD approval for a $5,888 disbursement from Residual Receipts as of Sept. 24, 2020. This release from Residual Receipts will decrease the Residual Receipts balance to within the HUD allowance and thus resolve this finding. Completion Date: 10/31/2020 Response: Management?s request for disbursement of $5,888 from Residual Receipts account has been sent to HUD for approval. This disbursement will decrease the Residual Receipts account to within the HUD allowance. Therefore, this finding is `In Process? as of September 24, 2020.
Show full finding ▾Hide full finding ▴Finding 2020-001 ? Special Tests and Provisions ? Residual Receipts Excess Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: In Process Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2020. Sample Size Information: Residual receipts ending balance at June 30, 2020, considering excess residual receipts due for remittance at PRAC contract termination/renewal at June 1, 2020. Identification of Repeat Finding and Finding Reference Number: This is the second consecutive year for this finding for the property. Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units, $3,500) at the time of the PRAC contract termination/renewal, June 1, 2020. Statement of Condition: As of June 30, 2020 the excess residual receipts, $3,011 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2020. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,011 Reporting Views of Responsible Officials: Management has requested HUD permission to withdraw $5,888 of Residual Receipts funds to cover specific property operating expenses. Management is aware that if the request for use of residual receipts is denied, the project will be required to transmit the $3,011 to HUD. Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: Resolved Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has requested and HUD approval for a $5,888 disbursement from Residual Receipts as of Sept. 24, 2020. This release from Residual Receipts will decrease the Residual Receipts balance to within the HUD allowance and thus resolve this finding. Completion Date: 10/31/2020 Response: Management?s request for disbursement of $5,888 from Residual Receipts account has been sent to HUD for approval. This disbursement will decrease the Residual Receipts account to within the HUD allowance. Therefore, this finding is `In Process? as of September 24, 2020.
September 30, 2020 To the Department of Housing & Urban Development Re: Corrective Action Plan New Life Homes 3 respectfully submits the following corrective action plan for the year ended June 30, 2020. Name and address of independent public accounting firm: Palmer & Company 701 Osuna NE, Ste 100 Albuquerque, NM 87113 Audit period: June 30, 2020 The findings from the June 30, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS ? FEDERAL AWARD PROGRAMS AUDITS FINDING 2020-001 ? Special Tests and Provisions ? Residual Receipts Excess Criteria: Pursuant to HUD Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing unites, $3,500) at the time of the PRAC contact termination/renewal, June 1, 2020. Statement of Condition: As of June 30, 2020 the excess residual receipts, $3,011 has not been remitted to HUD and management has not requested authorization to spend the excess funds on the property. Cause: Management has not performed residual receipts analysis to determine excess amounts before June 1, 2020. Management has therefore, failed to request HUD approval to use this excess for the property or to remit the excess to HUD in a timely manner. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: B Questioned Cost: $3,011 Reporting Views of Responsible Officials: Management has requested HUD permission to withdraw $5,888 of Residual Receipts funds to cover specific property operating expenses. Management is aware that if the request for use of residual receipts is denied, the project will be required to transmit the $3,011 to HUD. Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Action Plan: Management has requested $5,888 from the Residual Receipts account from HUD. If you have questions regarding this plan, please call Lori at 505-325-6515 ext 107.
2019-001
FAC accepted this audit on October 1, 2019 — management decision was due April 1, 2020.
As of 9/25/2019 the excess residual receipts, $9,504 has not been remitted to HUD. Cause: Management has not remitted the excess residual receipts to HUD but has made a formal request for disbursement of $10,043.33 from the residual receipts account. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: Z Questioned Cost: $9,504 Reporting Views of Responsible Officials: Management is aware that if the request for use of residual receipts is denied, the project will be required to transmit the $9,504 to HUD. Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has requested and received HUD approval for a $10,043 disbursement from Residual Receipts as of Sept. 30, 2019. This release from Residual Receipts will decrease the Residual Receipts balance to within the HUD allowance and thus resolve this finding. Completion Date: 9/30/2019 Response: Management?s request for disbursement of $10,043 from Residual Receipts account has been approved by HUD, effective 9/25/2019. This disbursement will decrease the Residual Receipts account to within the HUD allowance. Therefore, this finding is resolved as of 9/25/2019.
Show full finding ▾Hide full finding ▴Finding 2019-001 ? Special Tests and Provisions ? Residual Receipts Excess Federal program information: Title: Section 811 Capital Advance CFDA Number: 14.181 Resolution Status: Resolved Information on Universe Population Size: Population size is the total amount in the Residual Receipts account at year-end, June 30, 2019. Sample Size Information: Residual receipts ending balance at June 30, 2019, considering excess residual receipts due for remittance at PRAC contract termination/renewal at June 1, 2019. Identification of Repeat Finding and Finding Reference Number: This is a new finding for the property. Criteria: Pursuant to Housing Notice H-2012-14 and additional authoritative communications from HUD, the organization was required to remit excess residual receipts (all amounts over a prescribed allowance of $250 per revenue-producing units) at the time of the PRAC contract termination/renewal, June 1, 2019. Statement of Condition: As of 9/25/2019 the excess residual receipts, $9,504 has not been remitted to HUD. Cause: Management has not remitted the excess residual receipts to HUD but has made a formal request for disbursement of $10,043.33 from the residual receipts account. Effect or Potential Effect: The project is not in compliance with the Capital Advance and current HUD regulations, the project?s residual receipts was over-funded for the current year and excess residual receipts have not remitted to HUD as required. Auditor Non-Compliance Code: Z Questioned Cost: $9,504 Reporting Views of Responsible Officials: Management is aware that if the request for use of residual receipts is denied, the project will be required to transmit the $9,504 to HUD. Recommendation: Management should implement internal controls that track the balance of the Residual Receipts accounts and per allowed deductions calculate the excess and adopt a plan for remitting the excess to HUD, by the PRAC contact termination/renewal date of June 1st. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: Management has requested and received HUD approval for a $10,043 disbursement from Residual Receipts as of Sept. 30, 2019. This release from Residual Receipts will decrease the Residual Receipts balance to within the HUD allowance and thus resolve this finding. Completion Date: 9/30/2019 Response: Management?s request for disbursement of $10,043 from Residual Receipts account has been approved by HUD, effective 9/25/2019. This disbursement will decrease the Residual Receipts account to within the HUD allowance. Therefore, this finding is resolved as of 9/25/2019.
September 30,2019 To the Department ofHousing& Urban Development Re: Corrective Action Plan New Life Homes3 respectfully submits the following corrective action plan for the year ended June 30, 2019. Name and address of independent public accounting firm: Palmer & Company 701 Osuna NE,Ste 100 Albuquerque, NM 87113 Audit period: June 30,2019 The findings from the June 30,2019 schedule of findings and questioned costs are discussed below.The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS-FEDERAL AWARD PROGRAMS AUDITS Note 15 - Contingencies Criteria: Pursuant to HUD Notice H-2012-14 the project was to have transmitted excess residual funds of S9,504 to HUD as of June 1,2019.In lieu of transmitting the funds,the project has requested $10,043.33 in the residual receipts funds to be transmitted back to the project to cover reimbursements and expenditures of certain specific expenses.If HUD denies the request,then the project will need to transmit the S9,504 to HUD immediately. Action Plan: Management is aware that if the request for use of residual receipts funds is denied, the project will be required to transmit the $9,504 to HUD.
FAC accepted this audit on September 27, 2018 — management decision was due March 27, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2014-001
FAC accepted this audit on October 12, 2017 — management decision was due April 12, 2018.
FAC accepted this audit on February 7, 2017 — management decision was due August 7, 2017.
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