STEBBINS COMMUNITY ASSOCIATION

Finding 2022-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting. Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2021 U.S. Department of Treasury COVID-19 CSLRF SLFRP4867 21.027 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2022 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31, 2022 was filed late. Identification as a repeat finding- Yes, this is a repeat finding of 2021-001, and since it is a repeat finding we believe this to be a systemic issue. Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.

Finding 2021-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements - The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2021 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- Yes, this is a repeat finding of 2020-001 Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials -Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.

Finding 2020-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number 2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019 2006/2016 U.S. Department of Housing and Urban Development Title VI – Loan Guarantees TVI-022-000150 TVI-022-000043 14.869 Criteria or Specific Requirements- The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition- The Form SF-SAC for the fiscal year ended December 31,2020 was not filed on time Cause- The audit was not completed in time to file the form, due to a delay in closing books and records. Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time. Questioned Costs- None Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late. Identification as a repeat finding- No Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials- Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.