Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 15, 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 July 15, 2026, which was (35 days ago).
What is a management decision? →HUD APPROVAL WAS NOT GRANTED FOR DIBURSEMENTS FROM THE RESTRICTED ACCOUNTS.
MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT WILL PLACE THE FUNDS BACK IN THE RESTRICTED ACCOUNT.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 26, 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 June 26, 2023, which was (1150 days ago).
What is a management decision? →Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: Disbursements from the replacement reserve must be used for the approved purpose. Statement of Condition: The Project received $18,936 in replacement reserve funds to perform boiler system repairs. The project expended $5,500 for this purpose. Subsequently, the Project received additional funds from the replacement reserve to replace the same boiler system. As a result, the difference of $13,436 should be returned to the replacement reserve. Cause: The Project elected to replace the system instead of repair, but did not return replacement reserve funds for the repair back to the replacement reserve account. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The unexpended funds will be returned to the replacement reserve in the amount of $13,436. Context: The Project received $18,936 in replacement reserve funds to perform boiler system repairs. The project expended $5,500 for this purpose. Subsequently, the Project received additional funds from the replacement reserve to replace the same boiler system. As a result, the difference of $13,436 should be returned to the replacement reserve. Recommendation: The funds released but unexpended should be returned to the replacement reserve account. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The unexpended funds will be returned to the replacement reserve in the amount of $13,436. Response Indicator: Agree Completion Date: August 12, 2022 Response: Management agrees with the finding. The unexpended funds will be returned to the replacement reserve in the amount of $13,436.
Finding Reference Number: 2022-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The unexpended funds will be returned to the replacement reserve in the amount of $13,436. Completion Date: August 12, 2022
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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