EIN: 570935533
UEI: CYJJYXNUN8R6
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 5, 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 November 5, 2026 (77 days from today).
What is a management decision? →Finding 2024 – 002 – Compliance with Cash Reserve and other Loan Compliance Requirements Condition: The Organization’s loan agreements require the compliance with various re-payment terms, cash reserve requirements and other compliance elements. Further, the Organization signed a delinquency workout arrangement that has further specific compliance requirements that temporarily modify loan terms. Criteria: The loan agreement requires monthly deposits to the reserve account as well as other financial operating performance indicators to provide adequate financial support of operations and compliance with loan debt service. Effect: The Organization has not made the necessary principal and interest payments under the terms of its loan agreement, as well as funded the required cash reserves. Cause: The Organization has incurred significant operating losses as most of its customers are engaged in the recreational activities which had been adversely affected by reduced consumer demand caused by fear of COVID-19 infection and the rebounding post pandemic. As a result, the Organization has executed a debt workout arrangement with the USDA.
Auditors’ recommendation: The Organization should modify its operations to the extent possible to improve operating results and stay in compliance with the loan agreement and debt workout agreement with the USDA. Auditee’s response: The Organization recognizes the challenges it is facing and considers its plan a sound approach to reaching compliance with the loan provisions in the debt workout agreement and loan agreement with the USDA.
2024-002
Finding 2024 – 003 – Timely Submission of Single Audit Reports to the Federal Clearing House Condition: The Federal Audit Clearinghouse (FAC) requires annual submission of the Organization’s audited financial statements and compliance reports by reporting entities on an annual basis. Criteria: Sufficient accounting policies and procedures must be in place to ensure the timely close of the audit process and submission of the reports the earlier of (30) days after audit submission or nine-months after the end of the audit period. Effect: The Organization has not timely submitted its audit and compliance reporting package to the FAC. Cause: The delayed start of the audit process and related audit adjustments did not allow for timely completion and submission of the audit and compliance reporting to the FAC.
Auditor’s recommendation: The Organization’s internal control over financial reporting should be modified to present financial statements in accordance with US GAAP through reduction in audit adjusting journal entries and improve the timing of the six-month period end closing process. Auditee’s response: The Organization is continuing to develop effective internal controls over financial reporting to ensure that financial statements are prepared in accordance with US GAAP on a timely basis.
2024-003
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 5, 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 November 5, 2026 (77 days from today).
What is a management decision? →Finding 2024 – 002 – Compliance with Cash Reserve and other Loan Compliance Requirements Condition: The Organization’s loan agreements require the compliance with various re-payment terms, cash reserve requirements and other compliance elements. Further, the Organization signed a delinquency workout arrangement that has further specific compliance requirements that temporarily modify loan terms. Criteria: The loan agreement requires monthly deposits to the reserve account as well as other financial operating performance indicators to provide adequate financial support of operations and compliance with loan debt service. Effect: The Organization has not made the necessary principal and interest payments under the terms of its loan agreement, as well as funded the required cash reserves. Cause: The Organization has incurred significant operating losses as most of its customers are engaged in the recreational activities which had been adversely affected by reduced consumer demand caused by fear of COVID-19 infection and the rebounding post pandemic. As a result, the Organization has executed a debt workout arrangement with the USDA.
Auditors’ recommendation: The Organization should modify its operations to the extent possible to improve operating results and stay in compliance with the loan agreement and debt workout agreement with the USDA. Auditee’s response: The Organization recognizes the challenges it is facing and considers its plan a sound approach to reaching compliance with the loan provisions in the debt workout agreement and loan agreement with the USDA.
2023-002
Finding 2024 – 003 – Timely Submission of Single Audit Reports to the Federal Clearing House Condition: The Federal Audit Clearinghouse (FAC) requires annual submission of the Organization’s audited financial statements and compliance reports by reporting entities on an annual basis. Criteria: Sufficient accounting policies and procedures must be in place to ensure the timely close of the audit process and submission of the reports the earlier of (30) days after audit submission or none-months after the end of the audit period. Effect: The Organization has not timely submitted its audit and compliance reporting package to the FAC. Cause: The delayed start of the audit process and related audit adjustments did not allow for timely completion and submission of the audit and compliance reporting to the FAC.
Auditor’s recommendation: The Organization’s internal control over financial reporting should be modified to present financial statements in accordance with US GAAP through reduction in audit adjusting journal entries and improve the timing of the year end closing process. Auditee’s response: The Organization is continuing to develop effective internal controls over financial reporting to ensure that financial statements are prepared in accordance with US GAAP on a timely basis.
2023-003
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 5, 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 November 5, 2026 (77 days from today).
What is a management decision? →Finding 2023 – 002 – Compliance with Cash Reserve and other Loan Compliance Requirements Condition: The Organization’s loan agreements require the compliance with various re-payment terms, cash reserve requirements and other compliance elements. Further, the Organization signed a delinquency workout arrangement that has further specific compliance requirements that temporarily modify loan terms. Criteria: The loan agreement requires monthly deposits to the reserve account as well as other financial operating performance indicators to provide adequate financial support of operations and compliance with loan debt service. Effect: The Organization has not made the necessary principal and interest payments under the terms of its loan agreement, as well as funded the required cash reserves. Cause: The Organization has incurred significant operating losses as most of its customers are engaged in the recreational activities which had been adversely affected by reduced consumer demand caused by fear of COVID-19 infection and the rebounding post pandemic. As a result, the Organization has executed a debt workout arrangement with the USDA.
Auditors’ recommendation: The Organization should modify its operations to the extent possible to improve operating results and stay in compliance with the loan agreement and debt workout agreement with the USDA. Auditee’s response: The Organization recognizes the challenges it is facing and considers its plan a sound approach to reaching compliance with the loan provisions in the debt workout agreement and loan agreement with the USDA.
2022-002
Finding 2023 – 003 – Timely Submission of Single Audit Reports to the Federal Clearing House Condition: The Federal Audit Clearinghouse (FAC) requires annual submission of the Organization’s audited financial statements and compliance reports by reporting entities on an annual basis. Criteria: Sufficient accounting policies and procedures must be in place to ensure the timely close of the audit process and submission of the reports the earlier of (30) days after audit submission or none-months after the end of the audit period. Effect: The Organization has not timely submitted its audit and compliance reporting package to the FAC. Cause: The delayed start of the audit process and related audit adjustments did not allow for timely completion and submission of the audit and compliance reporting to the FAC.
Auditor’s recommendation: The Organization’s internal control over financial reporting should be modified to present financial statements in accordance with US GAAP through reduction in audit adjusting journal entries and improve the timing of the year end closing process. Auditee’s response: The Organization is continuing to develop effective internal controls over financial reporting to ensure that financial statements are prepared in accordance with US GAAP on a timely basis.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 5, 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 November 5, 2026 (77 days from today).
What is a management decision? →Finding 2022 – 002 – Compliance with Cash Reserve and other Loan Compliance Requirements Condition: The Organization’s loan agreements require the compliance with various re-payment terms, cash reserve requirements and other compliance elements. Further, the Organization signed a delinquency workout arrangement that has further specific compliance requirements that temporarily modify loan terms. Criteria: The loan agreement requires monthly deposits to the reserve account as well as other financial operating performance indicators to provide adequate financial support of operations and compliance with loan debt service. Effect: The Organization has not made the necessary principal and interest payments under the terms of its loan agreement, as well as funded the required cash reserves. Cause: The Organization has incurred significant operating losses as most of its customers are engaged in the recreational activities which had been adversely affected by reduced consumer demand caused by fear of COVID-19 infection and the rebounding post pandemic. As a result, the Organization has executed a debt workout arrangement with the USDA. Auditors’ recommendation: The Organization should modify its operations to the extent possible to improve operating results and stay in compliance with the loan agreement and debt workout agreement with the USDA. Auditee’s response: The Organization recognizes the challenges it is facing and considers its plan a sound approach to reaching compliance with the loan provisions in the debt workout agreement and loan agreement with the USDA.
Auditors’ recommendation: The Organization should modify its operations to the extent possible to improve operating results and stay in compliance with the loan agreement and debt workout agreement with the USDA. Auditee’s response: The Organization recognizes the challenges it is facing and considers its plan a sound approach to reaching compliance with the loan provisions in the debt workout agreement and loan agreement with the USDA.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 17, 2021. 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 February 17, 2022, which was (1645 days ago).
What is a management decision? →Finding 2019-001: Unpaid unconditional promises to give Criteria Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America (?US GAAP?). This includes the design, implementation, and maintenance of internal control relevant to the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Condition Unpaid unconditional promises to give, primarily raised from a capital campaign, were not recorded in the financial statements on an accrual basis. Accounting principles generally accepted in the United States of America require unconditional promises to give to be recorded at the date of receipt of promise. The effects on the audited financial statements of the failure to record unconditional promises to give have not been determined. Effect or Potential Effect Financial statements may be misstated.
Views of Responsible Officials and Planned Corrective Action Management agrees with the material weakness finding of unpaid unconditional promises to give, primarily raised from our capital campaign, should be recorded in the financial statements on an accrual basis. The Organization has taken measures to account for these assets in accordance with accounting principles generally accepted in the United States of America, and is confident it will be corrected in the next audit of our financial statements which will be for the year ended June 30, 2020.
2018-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 17, 2021. 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 February 17, 2022, which was (1645 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
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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