Audit 11147

Statement of Condition: Surplus cash as of June 30, 2022 was not deposited into the Project's residual receipts account within 90 days after year end. Criteria: The Regulatory Agreement requires that the surplus cash be deposited into the Project's residual receipts account within 90 days of year end. Effect: Noncompliance with HUD regulations. Cause: Management oversight. Context: A test to verify that the surplus cash as of June 30, 2022 was deposited into the residual receipts account within 90 days of year end was performed. The deposit was not made during the year ended June 30, 2023. Questioned Costs: N/A Recommendation: We recommend that management review its policies and procedures in place to ensure that the residual receipts deposit is made per regulatory guidelines. View's of Responsible Officials and Corrective Action Plan: Management acknowledges that the June 30, 2022 surplus cash was not deposited into the residual receipts account within 90 days of year-end and will provide additional oversight to ensure that the residual receipts deposit is made per regulatory guidelines.

Statement of Condition: The Organization did not submit the data collection form and required reporting package to the Federal Audit Clearinghouse (FAC) for the year ended June 30, 2022 by the required due date. Additionally, the Organization did not submit the data collection form and the required reporting package to the Federal Audit Clearinghouse (FAC) for the year ended June 30, 2021. Criteria: The Uniform Guidance, 2 CFR Part 200 Section 200.512(d), Report Submission, requires any non-federal entity that expends Federal awards which must be audited under Subpart F of 2 CFR to electronically submit to the FAC the data collection form and the reporting package described in 2 CFR Part 200 Section 200.512. The Uniform Guidance, 2 CFR Part 200 Section 200.512(a)(1), Report Submission, requires the data collection form and the reporting package described in 2 CFR Part 200 Section 200.512 to be submitted within the earlier of 30 calendar days after the receipt of the auditor's report(s) or nine months after the end of the audit period. Effect: Noncompliance with Uniform Guidance regulations. Cause: Management oversight. Context: A test was performed to review the two most recent fiscal year audits performed under the Uniform Guidance and the required data collection forms were submitted to the FAC by the required due dates to determine if the Corporation qualified as a low-risk auditee. For the year ended June 30, 2021, an audit was performed under the Uniform Guidance and the data collection form was not submitted. For the year ended June 30, 2022, an audit was performed under the Uniform Guidance and the data collection form was submitted July 6, 2023 which is after the due date of March 31, 2023. Questioned Costs: N/A Recommendation: We recommend management ensure that the data collection forms are submitted electronically to Sam.gov each fiscal year going forward. View's of Responsible Officials and Corrective Action Plan: Management acknowledges that the submission of the data collection form and required reporting package to the Federal Audit Clearinghouse (FAC) was not completed for the year ended June 30, 2021 and was submitted late for the year ended June 30, 2022. Management will provide additional oversight to ensure that the submission of the data collection form and reporting package is completed by the required due date.

Statement of Condition: Surplus cash as of June 30, 2022 was not deposited into the Project's residual receipts account within 90 days after year end. Criteria: The Regulatory Agreement requires that the surplus cash be deposited into the Project's residual receipts account within 90 days of year end. Effect: Noncompliance with HUD regulations. Cause: Management oversight. Context: A test to verify that the surplus cash as of June 30, 2022 was deposited into the residual receipts account within 90 days of year end was performed. The deposit was not made during the year ended June 30, 2023. Questioned Costs: N/A Recommendation: We recommend that management review its policies and procedures in place to ensure that the residual receipts deposit is made per regulatory guidelines. View's of Responsible Officials and Corrective Action Plan: Management acknowledges that the June 30, 2022 surplus cash was not deposited into the residual receipts account within 90 days of year-end and will provide additional oversight to ensure that the residual receipts deposit is made per regulatory guidelines.

Statement of Condition: The Organization did not submit the data collection form and required reporting package to the Federal Audit Clearinghouse (FAC) for the year ended June 30, 2022 by the required due date. Additionally, the Organization did not submit the data collection form and the required reporting package to the Federal Audit Clearinghouse (FAC) for the year ended June 30, 2021. Criteria: The Uniform Guidance, 2 CFR Part 200 Section 200.512(d), Report Submission, requires any non-federal entity that expends Federal awards which must be audited under Subpart F of 2 CFR to electronically submit to the FAC the data collection form and the reporting package described in 2 CFR Part 200 Section 200.512. The Uniform Guidance, 2 CFR Part 200 Section 200.512(a)(1), Report Submission, requires the data collection form and the reporting package described in 2 CFR Part 200 Section 200.512 to be submitted within the earlier of 30 calendar days after the receipt of the auditor's report(s) or nine months after the end of the audit period. Effect: Noncompliance with Uniform Guidance regulations. Cause: Management oversight. Context: A test was performed to review the two most recent fiscal year audits performed under the Uniform Guidance and the required data collection forms were submitted to the FAC by the required due dates to determine if the Corporation qualified as a low-risk auditee. For the year ended June 30, 2021, an audit was performed under the Uniform Guidance and the data collection form was not submitted. For the year ended June 30, 2022, an audit was performed under the Uniform Guidance and the data collection form was submitted July 6, 2023 which is after the due date of March 31, 2023. Questioned Costs: N/A Recommendation: We recommend management ensure that the data collection forms are submitted electronically to Sam.gov each fiscal year going forward. View's of Responsible Officials and Corrective Action Plan: Management acknowledges that the submission of the data collection form and required reporting package to the Federal Audit Clearinghouse (FAC) was not completed for the year ended June 30, 2021 and was submitted late for the year ended June 30, 2022. Management will provide additional oversight to ensure that the submission of the data collection form and reporting package is completed by the required due date.