Audit 20307

S3800-010 Finding Reference Number: 2022-001 S3800-011 Title and Assistance Listing Number: 14.157 Supportive Housing for the Elderly (Section 202) and Project Rental Assistance Contract S3800-015 Type of finding: Financial, Compliance S3800-016 Finding Status: Completed 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: HUD regulations require that any surplus cash as of year-end be deposited to residual receipts within 90 days of year-end. S3800-030 Statement of Condition: The Organization did not deposit the surplus cash into the residual receipts account in the amount of $27,935. S3800-032 Cause: Management did not monitor the HUD requirements for the residual receipts accounts, including those in the regulatory agreement and those issued by HUD memorandum. S3800-033 Effect or Potential Effect: The residual receipts account was underfunded by $27,935. S3800-035 Auditor Non-Compliance Code: B. Failure to make required residual receipts deposits S3800-040 Questioned Costs: $-S3800-037 FHA/Contract Number: 171EE023 S3800-038 Reporting Views of Responsible Officials - Questioned Costs: $- S3800-045 Reporting Views of Responsible Officials: Management agreed with the finding and has implemented a corrective action plan. S3800-050 Context: Deposit requirements to residual receipts are not being monitored. S3800-080 Recommendation: Remit the $27,935 calculated excess residual receipts. Management should implement controls sufficient to monitor HUD memorandums and requirements related to the residual receipts account. Management should review the audited financial statements for any surplus (deficiency) cash. S3800-090 Auditor's Summary of Auditee's Comments on the Findings and Recommendations: Management agrees with the auditor. S3800-090 Response Indicator: Agree S3800-140 Completion Date: 8/7/2023 S3800-150 Response: Management agreed with the finding and has implemented a corrective action plan. S3800-160 Contact Person First Name: Tara S3800-180 Contact Person Last Name: Lewis

S3800-010 Finding Reference Number: 2022-001 S3800-011 Title and Assistance Listing Number: 14.157 Supportive Housing for the Elderly (Section 202) and Project Rental Assistance Contract S3800-015 Type of finding: Financial, Compliance S3800-016 Finding Status: Completed 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: HUD regulations require that any surplus cash as of year-end be deposited to residual receipts within 90 days of year-end. S3800-030 Statement of Condition: The Organization did not deposit the surplus cash into the residual receipts account in the amount of $27,935. S3800-032 Cause: Management did not monitor the HUD requirements for the residual receipts accounts, including those in the regulatory agreement and those issued by HUD memorandum. S3800-033 Effect or Potential Effect: The residual receipts account was underfunded by $27,935. S3800-035 Auditor Non-Compliance Code: B. Failure to make required residual receipts deposits S3800-040 Questioned Costs: $-S3800-037 FHA/Contract Number: 171EE023 S3800-038 Reporting Views of Responsible Officials - Questioned Costs: $- S3800-045 Reporting Views of Responsible Officials: Management agreed with the finding and has implemented a corrective action plan. S3800-050 Context: Deposit requirements to residual receipts are not being monitored. S3800-080 Recommendation: Remit the $27,935 calculated excess residual receipts. Management should implement controls sufficient to monitor HUD memorandums and requirements related to the residual receipts account. Management should review the audited financial statements for any surplus (deficiency) cash. S3800-090 Auditor's Summary of Auditee's Comments on the Findings and Recommendations: Management agrees with the auditor. S3800-090 Response Indicator: Agree S3800-140 Completion Date: 8/7/2023 S3800-150 Response: Management agreed with the finding and has implemented a corrective action plan. S3800-160 Contact Person First Name: Tara S3800-180 Contact Person Last Name: Lewis