Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-002
Assistance Listing title and number (Federal award identification number and year): Rural Rental Housing Loans, Assistance Listing No. 10.415
Auditor non-compliance code: N - Special Tests and Provisions
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of federal agency: U.S. Department of Agriculture
Pass-through entity: N/A
Questioned costs: $31,043
Repeat Finding: No
Statement of condition #2024-002 (Assistance Listing No. 10.215): During the year ended September 30, 2024, the Corporation made three withdrawals from the reserve for replacements account totaling $31,043 without obtaining RD approval.
Criteria: In accordance with the RD Loan Agreements, the Corporation is required to obtain RD approval prior to withdrawing funds from the reserve for replacements account.
Effect or potential effect: The Corporation was not in compliance with the terms of the RD Loan Agreements.
Cause: Management did not submit form 3560-12 to RD requesting authorization to withdraw funds in the amount of $31,043 from the reserve for replacements account.
Recommendation: Management should request retroactive approval for the reserve for replacements withdrawals totaling $31,043 and obtain RD approval prior to making withdrawals from the reserve for replacements account in the future.
Completion date: January 16, 2025
Management response: Management concurs with the finding. Management requested and received retroactive approval for the reserve for replacements withdrawals totaling $31,043 and will obtain RD approval prior to making withdrawals from the reserve for replacements account in the future.
Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-001
Auditor non-compliance code: E – Eligibility
Finding resolution status: In progress
Universe population size: 85 resident files
Sample size information: 9 resident files
Statistically valid sample: Yes
Name of federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: Wyoming Community Development Authority
Questioned costs: N/A
Repeat Finding: No
Statement of condition #2024-001 (Assistance Listing No. 14.239 and 14.275): During the year ended September 30, 2024, two of the nine resident files selected for testing under the HUD Consolidated Audit Guide lacked properly executed and documented resident eligibility forms.
Criteria: Pursuant to the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, and NHTF loan agreement, the Agent must certify and recertify residents and update other applicable forms in accordance with HUD regulations and contractual requirements.
Effect or potential effect: The Company is not in compliance with the terms of the HAP Contract, HUD Handbook 4350.3, HOME loan agreement, or NHTF loan agreement. Current, future, and potentially prior funding under the HAP Contract, HOME loan, and NHTF loan could be impacted as a result of these resident files.
Cause: The Agent was unable to locate the required resident eligibility forms for two of the nine resident files selected for testing at the Property.
Recommendation: The Agent should ensure that all resident files are maintained at the site for each resident of the Property, and the Agent should ensure that the resident files include all properly executed and documented resident eligibility forms.
Completion date: September 30, 2025
Management response: The Agent concurs with the finding and recommendation. The resident files noted in the statement of condition were for residents who moved out of the Property during the year ended September 30, 2024. No further action is required related to these residents' files. The Agent intends to review and update, as necessary, the other resident files during the year ended September 30, 2024 to ensure the Property is in compliance with HUD requirements.
Finding reference number: #2024-002
Assistance Listing title and number (Federal award identification number and year): Rural Rental Housing Loans, Assistance Listing No. 10.415
Auditor non-compliance code: N - Special Tests and Provisions
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of federal agency: U.S. Department of Agriculture
Pass-through entity: N/A
Questioned costs: $31,043
Repeat Finding: No
Statement of condition #2024-002 (Assistance Listing No. 10.215): During the year ended September 30, 2024, the Corporation made three withdrawals from the reserve for replacements account totaling $31,043 without obtaining RD approval.
Criteria: In accordance with the RD Loan Agreements, the Corporation is required to obtain RD approval prior to withdrawing funds from the reserve for replacements account.
Effect or potential effect: The Corporation was not in compliance with the terms of the RD Loan Agreements.
Cause: Management did not submit form 3560-12 to RD requesting authorization to withdraw funds in the amount of $31,043 from the reserve for replacements account.
Recommendation: Management should request retroactive approval for the reserve for replacements withdrawals totaling $31,043 and obtain RD approval prior to making withdrawals from the reserve for replacements account in the future.
Completion date: January 16, 2025
Management response: Management concurs with the finding. Management requested and received retroactive approval for the reserve for replacements withdrawals totaling $31,043 and will obtain RD approval prior to making withdrawals from the reserve for replacements account in the future.