Meadowood Glenn II, Ltd

EIN: 820477098

UEI: JRFUQQ246MM9

Data as of August 20, 2026

10
Audit Years
3
Total Findings
0
Repeat Findings

FY 2023-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 12, 2024. 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 October 12, 2024, which was (678 days ago).

What is a management decision? →
2023-001
Special Tests & Provisions
QUESTIONED COSTS
Condition

Criteria: There is an expectation that the financial statements will be materially accurate when an auditor begins their final fieldwork on the audit after year-end. Minor adjustments are expected but overall, the balances should materially reflect the financial position of the entity. Condition: During our fieldwork, we found activity within the Residual Receipts account without HUD Approval. Cause: Client transferring funds to operating account, and then redepositing amounts at a later date. Effect: Client is not in compliance due to not having HUD approval for transactions within the Residual Receipts account. This could jeopardize their Section 202 status with HUD. Recommendation: It is our recommendation that the Project does not utilize funds within the Residual Receipts account without HUD approval, as this is required per the Compliance Supplement. Views of the Responsible Officials and Planned Corrective Actions: We understand the recommendations above and will take corrective action to implement the changes needed to ensure that funds are not utilized without HUD approval.

Corrective Action Plan

During the audit of the 2023 financials, it was noted as a finding that a transfer was done from Residual Receipts to the Operating Account without HUD approval. This was to pay for damage done to unit #19 until the insurance funds were received; the Residual Receipts Account was reimburse as soon as the insurance check was received. There was no authorization from HUD for the transfer. In the future, this will not be done unless we have approval from HUD to do the transfer.

About Special Tests and Provisions →

FY 2017-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 2, 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 October 2, 2018, which was (2880 days ago).

What is a management decision? →
2017-001
Special Tests & Provisions
QUESTIONED COSTS
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Special Tests and Provisions →

FY 2016-12-31

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 (3251 days ago).

What is a management decision? →
2016-001
Special Tests & Provisions
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Special Tests and Provisions →

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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