EIN: 741541255
UEI: HTCQHFHNSNB5
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 12, 2025. 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 12, 2026 (104 days ago).
What is a management decision? →24 CFR Section 982.156(a) states that "Unless otherwise required or permitted by HUD, all program recepients must be promptly deposited with a financial institution selected as depositary by the PHA in accordance with HUD requirements. "The PHA must enter into an agreement with the depositary in the form required by HUD" 24 CFR Section 982.156(c). Depository agreements serve as safeguards for federal funds and provide third party rights to HUD. During our audit, we noted that the Authority did not have executed depository agreements in place with the financial institutions holding federal grant funds, as required by the applicable Compliance Supplement and the terms of the Housing Voucher Cluster grant.
Show full finding ▾Hide full finding ▴24 CFR Section 982.156(a) states that "Unless otherwise required or permitted by HUD, all program recepients must be promptly deposited with a financial institution selected as depositary by the PHA in accordance with HUD requirements. "The PHA must enter into an agreement with the depositary in the form required by HUD" 24 CFR Section 982.156(c). Depository agreements serve as safeguards for federal funds and provide third party rights to HUD. During our audit, we noted that the Authority did not have executed depository agreements in place with the financial institutions holding federal grant funds, as required by the applicable Compliance Supplement and the terms of the Housing Voucher Cluster grant.
Management's Response: "We have reviewed our depository agreements with our financial institutions, and we have obtained executed depository agreements with all of our financial institutions. This action was completed on October 24, 2025. We will implement a periodic review of our depository agreements with financial institutions to ensure that executed agreements are in place and in effect."
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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