Audit 52050

S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance Program 14.157 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Cleared 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 Organization and HUD, the Organization 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 Organization within 90 days subsequent to the end of the fiscal year. S3800-030 Statement of Condition ? The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year. S3800-032 Cause ? The audit fieldwork was delayed, causing the surplus cash calculation to be delayed. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - B S3800-040 Questioned Costs ? $370 S3800-045 Reporting Views of Responsible Officials ? Management will insure the Organization deposits the required amount into the residual receipts account during the year. S3800-050 Context ? The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year. S3800-080 Recommendation ? The Organization should ensure the surplus cash calculation is made in a manner that allows for a timely deposit of any required deposit to the residual receipts account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the Organization deposits the required amount into the residual receipts account during the year. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? June 6, 2022 S3800-150 Response ? Management will insure the Organization deposits the required amount into the residual receipts account during the year.

S3800-010 Finding Reference Number ? 2022-002 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance Program 14.157 S3800-015 Type of Finding ? Federal Award Finding 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 Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended September 30, 2022, were not filed into the REAC system within 90-days after year-end. S3800-032 Cause ? There were staffing shortages with management which cause the transmittal of audit documents to be delayed. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended September 30, 2022, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should provide the auditors with documentation in a timely manner to insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should provide the auditors with documentation in a timely manner to insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? May 23, 2023 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.

S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance Program 14.157 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Cleared 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 Organization and HUD, the Organization 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 Organization within 90 days subsequent to the end of the fiscal year. S3800-030 Statement of Condition ? The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year. S3800-032 Cause ? The audit fieldwork was delayed, causing the surplus cash calculation to be delayed. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - B S3800-040 Questioned Costs ? $370 S3800-045 Reporting Views of Responsible Officials ? Management will insure the Organization deposits the required amount into the residual receipts account during the year. S3800-050 Context ? The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year. S3800-080 Recommendation ? The Organization should ensure the surplus cash calculation is made in a manner that allows for a timely deposit of any required deposit to the residual receipts account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the Organization deposits the required amount into the residual receipts account during the year. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? June 6, 2022 S3800-150 Response ? Management will insure the Organization deposits the required amount into the residual receipts account during the year.

S3800-010 Finding Reference Number ? 2022-002 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance Program 14.157 S3800-015 Type of Finding ? Federal Award Finding 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 Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended September 30, 2022, were not filed into the REAC system within 90-days after year-end. S3800-032 Cause ? There were staffing shortages with management which cause the transmittal of audit documents to be delayed. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended September 30, 2022, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should provide the auditors with documentation in a timely manner to insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should provide the auditors with documentation in a timely manner to insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? May 23, 2023 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.