CASA Community Association

In accordance with the Regulatory Agreement between the Corporation and HUD, management is required to make monthly deposits into the reserve for replacement account in an amount set by HUD.

Management will deposit the $15,800 shortfall and ensure future deposits are made in a timely manner.

S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? 14.182 Capital Grant Agreement under LIHPRA S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Company and HUD, the Company is required to deposit ?surplus cash,? as defined by HUD, existing at the end of the fiscal year in a residual receipts account in the name of the Company within 90 days after the fiscal year-end. S3800-030 Statement of Condition ? The Company failed to make the required deposit to the residual receipts account within 90 days after the fiscal year-end. S3800-032 Cause ? During the year ended December 31, 2021, the management company realized the deposit had not been made into the residual receipts account and deposited the required amount in April 2021. S3800-033 Effect or Potential Effect ? The Company was in violation of its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? B S3800-040 Questioned Costs ? $16,470 S3800-045 Reporting Views of Responsible Officials ? Management became aware the deposit had not been made into the residual receipts account, and promptly made the deposit in April 2021. S3800-050 Context ? The Company failed to make the required deposit to the residual receipts account within 90 days after fiscal year-end. S3800-080 Recommendation ? The Company needs to make sure deposits due to the residual receipts account are made within 90 days after the fiscal year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management is aware of the timing requirement and will confirm all future required deposits are made within 90 days of the fiscal year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? April 23, 2021 S3800-150 Response ? Management is aware of the timing requirement and will confirm all future required deposits are made within 90 days of the fiscal year-end.

Casa Community Association respectfully submits the following Corrective Action Plan for the year ended December 31, 2021. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2021-001 Corrective Action Planned ? No action needed. Required deposit of $16,470 was deposited into the residual receipts account on April 23, 2021. Contact Person(s) Responsible ? Darren Wilde, Controller Anticipated Completion Date ? April 23, 2021 Auditee Disagreements ? N/A Finding 2021-002 Corrective Action Planned ? No action needed. Required deposit of $15,800 was deposited into the replacement reserve account on January 19, 2022. Contact Person(s) Responsible ? Darren Wilde, Controller Anticipated Completion Date ? January 19, 2022 Auditee Disagreements ? N/A This corrective action plan was prepared by California Commercial Investment Group, Inc., the management company, on behalf of Casa Community Association. _______________________________ Darren Wilde, Controller California Commercial Investment Group, Inc. 430 East Thousand Oaks Blvd, Suite 100 Westlake Village, CA 91362 805-495-8400

S3800-010 Finding Reference Number ? 2021-002 S3800-011 Title and CFDA Number of Federal Program ? 14.182 Capital Grant Agreement under LIHPRA S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Company and HUD, the Company is required to make monthly deposits, in an amount determined by HUD, into a replacement reserve account. S3800-030 Statement of Condition ? The Company failed to make November and December?s required monthly deposit into the replacement reserve account. S3800-032 Cause ? Management inadvertently failed to make the November and December monthly deposits into the replacement reserve account. Once the Company realized the deposits had not been made, they deposited the required amount immediately. S3800-033 Effect or Potential Effect ? The Company was in violation of its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? N S3800-040 Questioned Costs ? $15,800 S3800-045 Reporting Views of Responsible Officials ? Management became aware the deposits had not been made into the replacement reserve account, and promptly made the deposit in January 2022. S3800-050 Context ? The Company failed to make the required deposits into the replacement reserve account. S3800-080 Recommendation ? The Company needs to make sure required monthly deposits into the replacement reserve account are made in a timely manner. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management is aware of the requirement and will confirm all future required monthly deposits are made. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 19, 2022 S3800-150 Response ? Management is aware of the monthly deposit requirement and will confirm all future required deposits are made.

Casa Community Association respectfully submits the following Corrective Action Plan for the year ended December 31, 2021. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2021-001 Corrective Action Planned ? No action needed. Required deposit of $16,470 was deposited into the residual receipts account on April 23, 2021. Contact Person(s) Responsible ? Darren Wilde, Controller Anticipated Completion Date ? April 23, 2021 Auditee Disagreements ? N/A Finding 2021-002 Corrective Action Planned ? No action needed. Required deposit of $15,800 was deposited into the replacement reserve account on January 19, 2022. Contact Person(s) Responsible ? Darren Wilde, Controller Anticipated Completion Date ? January 19, 2022 Auditee Disagreements ? N/A This corrective action plan was prepared by California Commercial Investment Group, Inc., the management company, on behalf of Casa Community Association. _______________________________ Darren Wilde, Controller California Commercial Investment Group, Inc. 430 East Thousand Oaks Blvd, Suite 100 Westlake Village, CA 91362 805-495-8400