EIN: 621685958
UEI: QJHUDMG26Y63
Data as of August 22, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 25, 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 September 25, 2021 (1793 days ago).
What is a management decision? →The Project deposited $4,191 into residual receipts which is short $1,823 of the $6,014 that was required to be deposited. Cause: Calculations of insurance escrow amounts were overstated resulting in excess amounts deposited to the escrow account. The excess deposits to escrow caused surplus cash to be understated. The calculations were performed by inexperienced personnel and were not reviewed timely by supervisory personnel. Effect: The Project was not in compliance with HUD requirements to deposit surplus cash into the residual receipts account within 60 days of fiscal year end. $1,823 was deposited to residual receipts during March 2021. Perspective Information: The monthly deposit to the property insurance escrow was too much due to an error in calculations. No similar errors were encountered; consequently the error was determined to be isolated. Recommendation: Experienced personnel should more closely review calculations of escrow deposits and surplus cash. View of Responsible Officials: Management agrees with the finding. The deficiency was corrected by depositing the excess funds into residual receipts in March 2021. Management will more closely review the amounts to be deposited into the escrow account.
Show full finding ▾Hide full finding ▴Finding #2020-001 Criteria: The Project is required to deposit surplus cash into the residual receipts account within 60 days of the Project?s fiscal year end. Condition: The Project deposited $4,191 into residual receipts which is short $1,823 of the $6,014 that was required to be deposited. Cause: Calculations of insurance escrow amounts were overstated resulting in excess amounts deposited to the escrow account. The excess deposits to escrow caused surplus cash to be understated. The calculations were performed by inexperienced personnel and were not reviewed timely by supervisory personnel. Effect: The Project was not in compliance with HUD requirements to deposit surplus cash into the residual receipts account within 60 days of fiscal year end. $1,823 was deposited to residual receipts during March 2021. Perspective Information: The monthly deposit to the property insurance escrow was too much due to an error in calculations. No similar errors were encountered; consequently the error was determined to be isolated. Recommendation: Experienced personnel should more closely review calculations of escrow deposits and surplus cash. View of Responsible Officials: Management agrees with the finding. The deficiency was corrected by depositing the excess funds into residual receipts in March 2021. Management will more closely review the amounts to be deposited into the escrow account.
Dripping Springs Manor, Inc. P.O. Box 2637 Batesville, AR 72503 CORRECTIVE ACTION PLAN Dripping Springs Manor, Inc. respectfully submits the following corrective action plan for the year ended December 31, 2020. Name and address of independent public accounting firm: Whitmire, Robinson & Co., CPA 249 Eagle Mountain Blvd Suite 300 Batesville, AR 72501 Audit period: January 1, 2020 ? December 31, 2020 The finding from the December 31, 2020 schedule of findings and questions costs is discussed below. The finding is numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS ? FINANCIAL STATEMENT AUDIT NONE FINDINGS ? FEDERAL AWARD PROGRAM AUDITS DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2020-001, CFDA 14.157 Recommendation: Experienced personnel should more closely review calculations of escrow deposits and surplus cash. Action Taken: The deficiency was corrected by depositing the excess funds into residual receipts on March 19, 2021. Management will more closely review the amounts deposited into the escrow account. Responsible Person of resolving the finding: Brad Cummings, CFO If there are any questions regarding this plan, please call Brad Cummings at 870-612-3000. Sincerely yours, Brad Cummings, CFO
FAC accepted this audit on March 22, 2018 — management decision was due September 22, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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 compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.