City of Fountain

EIN: 846000666

UEI: UGHGM3UM5UC3

Data as of August 22, 2026

City of Fountain13 audit years1 findings
13
Audit Years
1
Total Findings
0
Repeat Findings

FY 2023-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 11, 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 March 11, 2025 (530 days ago).

What is a management decision? →
2023-003
Eligibility

During my review of ten (10) HCV program tenant files, I noted the following deficiencies:  One file did not have HUD form 50058.  Six files did not contain independent income verification. Questioned Costs: None noted. Effect: Tenant files are incomplete and could have incorrect rent calculation. Cause: It appears that no supervisory review was performed to ensure completeness of the tenant files. Recommendation: I recommend that the Authority ensure that all tenant files are maintained properly, and supervisory reviews are performed to ensure completeness and accuracy. Management’s Response: Management hired a new Executive Director mid-October 2024. Management and the Executive Director will strive to conduct random tenant/participant file audits while meeting SEMAP guidelines on a monthly basis to ensure and verify compliance with HUD regulations. Documentation will be reviewed for accuracy and completeness and maintained monthly. The Housing Authority will document monthly audits completed until all files have been audited for accuracy and correct information.

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Full finding narrative

Criteria: HUD guidelines on tenant file documentation and maintenance must be followed at all times. Condition: During my review of ten (10) HCV program tenant files, I noted the following deficiencies:  One file did not have HUD form 50058.  Six files did not contain independent income verification. Questioned Costs: None noted. Effect: Tenant files are incomplete and could have incorrect rent calculation. Cause: It appears that no supervisory review was performed to ensure completeness of the tenant files. Recommendation: I recommend that the Authority ensure that all tenant files are maintained properly, and supervisory reviews are performed to ensure completeness and accuracy. Management’s Response: Management hired a new Executive Director mid-October 2024. Management and the Executive Director will strive to conduct random tenant/participant file audits while meeting SEMAP guidelines on a monthly basis to ensure and verify compliance with HUD regulations. Documentation will be reviewed for accuracy and completeness and maintained monthly. The Housing Authority will document monthly audits completed until all files have been audited for accuracy and correct information.

Corrective Action Plan

2023-002. Tenant Files – HCV Program Corrective action planned: Complete quality audits for tenant / participant files following HUD SEMAP guidelines, file audits for PIC information and financials, minimum 3 audits until complete. Contact person: Ashlei Reeder, Executive Director. Anticipated completion date: 03/31/2025

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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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