Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 10, 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 January 10, 2027 (144 days from today).
What is a management decision? →Management did not fund 6 monthly deposits to the replacement reserve amounting to $29,952.
Management is in agreement with the finding, and will make required deposits to the replacement reserve. Management will be more diligent about ensuring the accuracy of replacement reserve deposits in the future.
2025-001
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? →Management did not fund 4 monthly deposits to the replacement reserve amounting to $19,968.
Management is requesting that HUD re-evaluate the replacement reserve deposit requirements and waive the shortage for the current year.
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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