Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 11, 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 January 11, 2026, which was (220 days ago).
What is a management decision? →Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Surplus cash payments must be made to the residual receipts account. Condition: The Project made the 2024 surplus cash payment to the reserve for replacement account instead of the residual receipts account. Questioned costs: $38,536 Context: During the audit, it was determined that the Project deposited the 2024 surplus cash payment into the wrong account. Cause: Management oversight. Effect: The 2024 surplus cash deposit was made into the reserve for replacement account instead of the residual receipts account. Repeat finding: No Recommendation: We recommend that management check which accounts it is making payments to. Views of responsible officials: Management agrees. Subsequent to year-end, the 2024 surplus cash payment was transferred to the residual receipt account.
2024-001 Surplus Cash Payments Recommendation: We recommend management implement a control to ensure the surplus cash payments are deposited into the correct account and in accordance with the Regulatory Agreement. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management transferred the funds to the correct account and implemented additional procedures to review monthly deposits, ensuring this issue is prevented in the future. Name(s) of the contact person(s) responsible for corrective action: Don Stephens and Michelle Miles. Planned completion date for corrective action plan: As of April 2025, Management is working with their lender, Lument, to have the surplus cash payment transferred from the Reserve for Replacement account to the Residual Receipts account.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 2, 2020. 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 December 2, 2020, which was (2086 days ago).
What is a management decision? →2019-001 Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 207 HUD-Insured Mortgage CFDA Number: 14.155 Award Period: January 1, 2019 ? December 31, 2019 Type of Finding: ? Compliance Criteria or Specific Requirement: 24 CFR Section 891, Subpart B ? Section 202 Supportive Housing for the Elderly, Section 225 Provision of Services requires compliance with the provisions that Project funds may only be used for expenses that are reasonable and necessary to the operations of the HUD project. MRC Crestview Terrace should have internal controls designed to ensure compliance with those provisions. Condition: During our testing, it was noted that unauthorized distributions were made with Project funds to pay the insurance benefits of a non-HUD employee. Questioned Costs: $1,855 Context: During our testing, it was noted that a non-HUD employee was misallocated for insurance benefits beginning in November 2019 resulting in two months of unauthorized payments totaling $1,855. Cause: Management oversight as a non-HUD employee was included in the insurance benefit allocation. Effect: The Project was not in compliance with the Regulatory Agreement and the Project was underfunded by the amount paid for non-HUD employee insurance benefits. Repeat Finding: No Recommendation: We recommend that management should adopt procedures and controls to accurately monitor HUD employees and ensure that the insurance benefit allocation is done correctly. The unauthorized distribution should be timely repaid to the Project.Views of Responsible Officials and Planned Corrective Actions: Explanation of Disagreement with Audit Finding: There is no disagreement with the audit finding. Actions Planned in Response to Finding: The unauthorized distribution was repaid to the Project in January 2020. Management will develop procedures and controls to accurately monitor HUD employees and the insurance benefit allocation. Responsible Party: Management Planned Completion Date for Corrective Action Plan: January 2020 Plan to Monitor Completion of Corrective Action Plan: Management has adopted a control where all new employees and transferred employees to the Project will be verified with the HUD administrator and department heads to ensure they are correctly included or excluded from the insurance benefit allocation.
Views of Responsible Officials and Planned Corrective Actions: Explanation of Disagreement with Audit Finding: There is no disagreement with the audit finding. Actions Planned in Response to Finding: The unauthorized distribution was repaid to the Project in January 2020. Management will develop procedures and controls to accurately monitor HUD employees and the insurance benefit allocation. Responsible Party: Management Planned Completion Date for Corrective Action Plan: January 2020 Plan to Monitor Completion of Corrective Action Plan: Management has adopted a control where all new employees and transferred employees to the Project will be verified with the HUD administrator and department heads to ensure they are correctly included or excluded from the insurance benefit allocation.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 9, 2018. 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 November 9, 2018, which was (2840 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 26, 2017. 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 26, 2017, which was (3249 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
GSA_MIGRATION
GSA_MIGRATION
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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