FAC Explorer

Audit 372666

FY End
2025-06-30
Total Expended
$1.92M
Findings
1
Programs
4
Organization: Clayton Improvement Association, Ltd. (NY)
Year: 2025 Accepted: 2025-12-01
Auditor: DIMARCO ABIUSI & PASCARELLA CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163091 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $1.07M Yes 1
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $537,095 Yes 0
90.601 NORTHERN BORDER REGIONAL DEVELOPMENT $304,658 Yes 0
10.494 MULTI-FAMILY HOUSING NON-PROFIT TRANSFER TECHNICAL ASSISTANCE GRANTS $10,000 Yes 0

Contacts

Name Title Type
HZ1GRKMVUDY5 Kristi Dippel Auditee
3156863212 Maria Snyder Auditor
No contacts on file

Notes to SEFA

Note A- BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Clayton Improvement Association, LTD. under programs of the federal government for the year ended June 30, 2025, and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Clayton Improvement Association, LTD., it is not intended to and does not present the Not-For-Profit Corporations financial position, changes in net assets, or cash flows.
Note B- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Clayton Improvement Association, LTD. has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Note C- LOAN PROGRAMS Clayton Improvement Association, LTD. has received U.S. Departments of Agriculture loan and grant under the Community Facilities Loans and Grants Program, and a U.S. Department of Housing and Urban Development loan under the Home Investment Partnerships Program. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the schedule above. A summary of the loans outstanding at June 30, 2025 consist of: (the following table).

Finding Details

Finding 2025-001
Finding No. 2025-001: Current Year Reporting Package and Data Collection Not Filed Timely a. The Clayton Improvements Association, LTD. June 30, 2024 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a “Low Risk Auditee” for at least the fiscal years ending June 30, 2026 and June 30, 2027. This designation will require the auditor to audit at least 40% of the project’s programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form was submitted April 4,2025. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Clayton Improvement Association, LTD. agrees with the finding and the auditor’s recommendations have been adopted.