EIN: 581574620
UEI: LXR7J3YHFZ83
Audited by: TURLINGTON AND COMPANY, LLP
Oversight agency: 59 [Small Business Administration]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 6, 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 February 6, 2024 (940 days ago).
What is a management decision? →Federal Agency: United States Small Business Administration Program Name: Economic Injury Disaster Loan Federal Assistance Listing Number - 59.008 Criteria: The loan agreement includes specific provisions regarding the timely filing of certain documentation with the lender as follows: (1) Within 180 days of loan authorization, the borrower must provide proof of an active and in effect hazard insurance policy that includes fire, lightning, and extended coverage on all items used to secure the loan to at least 80% of the insurable value, and (2) Within three (3) months subsequent to the borrower?s fiscal year-end, the borrower must provide financial statements to the lender in such form as the lender may require. Condition and Context: During our audit, it was noted that internal controls were not sufficient to ensure that the documentation was filed in a timely manner as required by the terms of the loan agreement. Cause: Management is aware of these filing requirements; however, due to staffing issues and other matters related to correspondence with the lender, the documentation was erroneously not filed in the manner prescribed. Effect: Without proper and timely filing of required documentation with the lender, the entity may not be in compliance with the loan agreement. Recommendation: Develop sufficient internal controls to ensure that all lender filing requirements are identified and filings made in a timely manner. Additionally, the entity should file the required documentation with the lender as soon as is feasible. Views of Management: Management agrees with the finding and is implementing procedures that are further discussed in the corrective action plan. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Federal Agency: United States Small Business Administration Program Name: Economic Injury Disaster Loan Federal Assistance Listing Number - 59.008 Criteria: The loan agreement includes specific provisions regarding the timely filing of certain documentation with the lender as follows: (1) Within 180 days of loan authorization, the borrower must provide proof of an active and in effect hazard insurance policy that includes fire, lightning, and extended coverage on all items used to secure the loan to at least 80% of the insurable value, and (2) Within three (3) months subsequent to the borrower?s fiscal year-end, the borrower must provide financial statements to the lender in such form as the lender may require. Condition and Context: During our audit, it was noted that internal controls were not sufficient to ensure that the documentation was filed in a timely manner as required by the terms of the loan agreement. Cause: Management is aware of these filing requirements; however, due to staffing issues and other matters related to correspondence with the lender, the documentation was erroneously not filed in the manner prescribed. Effect: Without proper and timely filing of required documentation with the lender, the entity may not be in compliance with the loan agreement. Recommendation: Develop sufficient internal controls to ensure that all lender filing requirements are identified and filings made in a timely manner. Additionally, the entity should file the required documentation with the lender as soon as is feasible. Views of Management: Management agrees with the finding and is implementing procedures that are further discussed in the corrective action plan. See Corrective Action Plan.
Finding 2022-001 United States Small Business Administration Program Name: Economic Injury Disaster Loan Federal Assistance Listing Number - 59.008 Responsible Individuals: Jamie Morgan, Chief Executive Officer Finding Summary: The YMCA should implement proper internal controls and procedures to ensure that documentation filing requirements included in the loan agreement are identified and related filings made in a timely manner. Corrective Action Plan: The YMCA did not provide proof of hazard insurance to the lender within the timeline specified by the loan agreement; however, sufficient insurance coverage was maintained and was active during the required period. The YMCA provided the lender with the proof of insurance in June 2023. The YMCA will contact the lender to determine the specific form and content of the requested financial statements and provide the information to the lender as soon as possible. Anticipated Completion Date: The proof of hazard insurance was sent to the lender in June 2023. The filing of the YMCA's financial statements with the lender is ongoing and is expected to be completed in July 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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