EIN: 650548855
UEI: EMGFB3FMFR83
Audited by: HCT-CPA, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 14, 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 March 14, 2024 (898 days ago).
What is a management decision? →FAC accepted this audit on September 28, 2022 — management decision was due March 28, 2023.
FAC accepted this audit on May 13, 2021 — management decision was due November 13, 2021.
FAC accepted this audit on July 19, 2020 — management decision was due January 19, 2021.
While planning for the single audit, the review of the forms submitted to the Federal Audit Clearinghouse (?FAC?) uncovered that the FY 2018 was never submitted or accepted. Cause: Proper policies and procedures were not in place to ensure that the submission to the Federal Audit Clearinghouse was performed timely. Potential effect: MODCO could potentially lose funding for not properly reporting its programs to the FAC. Questioned costs: None noted. Recommendation: HCT recommends that MODCO updates its policies and procedures to include previsions for data collection submission, including listing responsible parties, roles, and responsibilities.
Show full finding ▾Hide full finding ▴Criteria: The Mount Olive Development Corporation did not submit its FY 2018 audit package and data collection form within 30 days of the receipt of the auditor?s reports or 9 month after the entity?s year end as prescribed in 2 CFR 200.512(a), Uniform Guidance. Condition: While planning for the single audit, the review of the forms submitted to the Federal Audit Clearinghouse (?FAC?) uncovered that the FY 2018 was never submitted or accepted. Cause: Proper policies and procedures were not in place to ensure that the submission to the Federal Audit Clearinghouse was performed timely. Potential effect: MODCO could potentially lose funding for not properly reporting its programs to the FAC. Questioned costs: None noted. Recommendation: HCT recommends that MODCO updates its policies and procedures to include previsions for data collection submission, including listing responsible parties, roles, and responsibilities.
View of responsible officials: MODCO concurs and will update the policies and procedures to include provisions for appointing a staff member for data collection review and submission. The update will assign responsible parties and list staff roles and duties.
FAC accepted this audit on September 24, 2018 — management decision was due March 24, 2019.
FAC accepted this audit on September 24, 2018 — management decision was due March 24, 2019.
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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