EIN: 916000979
UEI: GZLWCAJN4B95
Audited by: Novogradac & Company, LLP
Oversight agency: 10 [Department of Agriculture]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 12, 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 November 12, 2026 (69 days from today).
What is a management decision? →FAC accepted this audit on October 1, 2024 — management decision was due April 1, 2025.
Based upon inspection of the Authority's replacement reserve bank statements and on discussions with management, the replacement reserve account was not funded as required during the audit period. Context: During the audit period, the Authority did not make annual payments of $8,400 to the Sunnyview Apartments' replacement reserve account as required by the RRHL Loan Agreement. This had resulted in the replacement reserve account being underfunded. Known Questioned Costs: $528 Cause: There is a significant deficiency in internal controls over the compliance related to the maintenance of the replacement reserve account. Effect: The Rural Rental Housing Loan program is in non-compliance with the required deposits to the replacement reserve account. Recommendation: We recommend the Authority design and implement internal control procedures that will reasonably assure compliance with the Uniform Guidance and U.S. Department of Agriculture Loan agreement, to make the required annual deposits to the replacement reserve account. Views of responsible officials and planned corrective action plan: Management agrees with the finding and will implement the aforementioned recommendations.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of Agriculture Federal Program Titles: Rural Rental Housing Loans Federal Assistance Listing Numbers: 10.415 Noncompliance - Replacement Reserve Non Compliance Material to the Financial Statements: No Significant Deficiency in Internal Controls over Compliance Criteria: Replacement Reserve. The Authority is required to establish and maintain a replacement reserve to aid in funding the repair and replacement of capital items. The replacement reserve funds must be deposited in a federally insured depository in an interest-bearing account. All earnings including interest on the reserve must be added to the reserve. An amount as required by the USDA will be deposited annually in the reserve fund. These deposits are required to be made based on the RRHL Loan Agreement. Condition: Based upon inspection of the Authority's replacement reserve bank statements and on discussions with management, the replacement reserve account was not funded as required during the audit period. Context: During the audit period, the Authority did not make annual payments of $8,400 to the Sunnyview Apartments' replacement reserve account as required by the RRHL Loan Agreement. This had resulted in the replacement reserve account being underfunded. Known Questioned Costs: $528 Cause: There is a significant deficiency in internal controls over the compliance related to the maintenance of the replacement reserve account. Effect: The Rural Rental Housing Loan program is in non-compliance with the required deposits to the replacement reserve account. Recommendation: We recommend the Authority design and implement internal control procedures that will reasonably assure compliance with the Uniform Guidance and U.S. Department of Agriculture Loan agreement, to make the required annual deposits to the replacement reserve account. Views of responsible officials and planned corrective action plan: Management agrees with the finding and will implement the aforementioned recommendations.
Views of responsible officials and planned corrective action: Management agrees with the finding and will implement the aforementioned recommendations. Ketha Kimbrough, Executive Director, will be responsible to implement this corrective action by December 31, 2024.
Based upon inspection of the Authority's Form RD 3560-7 and Form 3560-10 and discussions with management, the Authority did not prepare Forms RD 3560-7 and RD 3560-10 for each property during the audit period. Context: During the audit period, the Authority did not prepare Forms RD 3560-7 and RD 3560-10 for RRHL property, Sunnyview Apartments. Cause: There is a significant deficiency in internal controls over the compliance related to the reporting requirements for Forms RD 3560-7 and RD 3560-10. Effect: The Rural Rental Housing Loan program is in non-compliance with the reporting requirements related to Forms RD 3560-7 and RD 3560-10. Recommendation: We recommend the Authority design and implement internal control procedures that will reasonably assure compliance with the Uniform Guidance and U.S. Department of Agriculture reporting requirements. Views of responsible officials and planned corrective action plan: Management agrees with the finding and will implement the aforementioned recommendations.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of Agriculture Federal Program Titles: Rural Rental Housing Loans Federal Assistance Listing Numbers: 10.415 Noncompliance - Reporting Requirements Non Compliance Material to the Financial Statements: No Significant Deficiency in Internal Controls over Compliance Criteria: Reporting Requirements. The Authority is required to prepare Form RD 3560-7, Multiple Family Housing Project Budget/Utility Allowance Budget Actuals, and Form RD 3560-10, MFH Borrower Balance Sheet to the USDA for each RD property per USDA HB-2-3560 year-end reporting requirements. Condition: Based upon inspection of the Authority's Form RD 3560-7 and Form 3560-10 and discussions with management, the Authority did not prepare Forms RD 3560-7 and RD 3560-10 for each property during the audit period. Context: During the audit period, the Authority did not prepare Forms RD 3560-7 and RD 3560-10 for RRHL property, Sunnyview Apartments. Cause: There is a significant deficiency in internal controls over the compliance related to the reporting requirements for Forms RD 3560-7 and RD 3560-10. Effect: The Rural Rental Housing Loan program is in non-compliance with the reporting requirements related to Forms RD 3560-7 and RD 3560-10. Recommendation: We recommend the Authority design and implement internal control procedures that will reasonably assure compliance with the Uniform Guidance and U.S. Department of Agriculture reporting requirements. Views of responsible officials and planned corrective action plan: Management agrees with the finding and will implement the aforementioned recommendations.
Views of responsible officials and planned corrective action: Management agrees with the finding and will implement the aforementioned recommendations. Ketha Kimbrough, Executive Director, will be responsible to implement this corrective action by December 31, 2024.
FAC accepted this audit on September 28, 2023 — management decision was due March 28, 2024.
FAC accepted this audit on September 29, 2022 — management decision was due March 29, 2023.
FAC accepted this audit on September 28, 2021 — management decision was due March 28, 2022.
FAC accepted this audit on September 29, 2020 — management decision was due March 29, 2021.
FAC accepted this audit on September 28, 2019 — management decision was due March 28, 2020.
FAC accepted this audit on September 27, 2018 — management decision was due March 27, 2019.
FAC accepted this audit on September 28, 2017 — management decision was due March 28, 2018.
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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