EIN: 590626682
UEI: LHQEBDNYPFM8
Audited by: DOEREN MAYHEW
Oversight agency: 21 [Department of the Treasury]
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 1, 2022. 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 May 1, 2023 (1215 days ago).
What is a management decision? →Total financial products (loans) deployed in the designated target market (TM) as Reported on the Annual Performance Report were originally unable to be supported or reconciled by the Credit Union to the underlying loan data. Criteria: Eligible loans meeting an established threshold (performance goal) as outlined in the Grant Assistance Agreement are to be deployed within the TM. Questioned Costs: None Context: Eligible loan deployment as reported in the Annual Performance Reports were unable to be supported. Effect: Performance goals as stipulated in the Grant Assistance Agreement may not be met or reported inaccurately. Cause: Internal controls did not exist to identify and track eligible loans deployed or reconcile the deployments to the total amount of financial products closed as reported on the Annual Performance Reports. Recommendation: Establish control procedures to identify and track eligible loans deployed during a grant performance period and reconcile the totals to the underlying loan date. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and has established procedures to identify eligible loans deployed in the TM. These loans will be reconciled to the total financial products closed reported on future Annual Performance Reports.
Show full finding ▾Hide full finding ▴SECTION III FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 2022-001 CDFI Program ? CFDA No. 21.024; Grant Nos. 21RRP056344: Grant period ? June 30, 2022. SIGNIFICANT DEFICIENCY Condition: Total financial products (loans) deployed in the designated target market (TM) as Reported on the Annual Performance Report were originally unable to be supported or reconciled by the Credit Union to the underlying loan data. Criteria: Eligible loans meeting an established threshold (performance goal) as outlined in the Grant Assistance Agreement are to be deployed within the TM. Questioned Costs: None Context: Eligible loan deployment as reported in the Annual Performance Reports were unable to be supported. Effect: Performance goals as stipulated in the Grant Assistance Agreement may not be met or reported inaccurately. Cause: Internal controls did not exist to identify and track eligible loans deployed or reconcile the deployments to the total amount of financial products closed as reported on the Annual Performance Reports. Recommendation: Establish control procedures to identify and track eligible loans deployed during a grant performance period and reconcile the totals to the underlying loan date. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and has established procedures to identify eligible loans deployed in the TM. These loans will be reconciled to the total financial products closed reported on future Annual Performance Reports.
CORRECTIVE ACTION PLAN October 10, 2022 Department of the Treasury ? CDFI Fund Grant Tampa Bay Federal Credit Union respectfully submits the following corrective action plan for the year ended June 30, 2022. Name and address of independent public accounting firm: Doeren Mayhew Audit period: July 1, 2021 ? 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 DEPARTMENT OF TREASURY CDFI Program ? CFDA No. 21.024 Significant Deficiency: See Finding 2022-001. Recommendation: Establish control procedures to identify, track and reconcile eligible loans deployed during a grant performance period. Action Taken: Since the date of the exit conference, to address the internal control issue noted, we have created reports from our loan servicing systems and initiated procedures in which to identify and track eligible loan deployments on an individual loan basis. These totals will be reconciled to the loan deployments (financial products) reported annually on the Performance Progress Reports.
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.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
