Audit 55134

S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance 14.157 S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Unresolved 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 ? 2021-001 S3800-020 Criteria ? In accordance with the Regulatory Agreement, surplus cash is required to be deposited into a residual receipts account within 90 days of year-end. S3800-030 Statement of Condition ? Surplus cash was not deposited into a residual receipts account within 90 days of year-end. S3800-032 Cause ? Management was unaware of the requirement for the prior year audit. S3800-033 Effect or Potential Effect ? The Project is in violation of the Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? B S3800-040 Questioned Costs ? $3,811 S3800-045 Reporting Views of Responsible Officials ? Management will reference the audit in future years to ensure proper deposits are made in a timely manner. S3800-050 Context ? Management will ensure the residual receipts deposits are made in a timely manner. S3800-080 Recommendation ? Management should ensure surplus cash is calculated in a timely matter in order to make any required deposit to the residual receipts account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management will reference the audit in future years to ensure proper deposits are made in a timely manner. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? May 2, 2022 S3800-150 Response ? Management will ensure surplus cash is calculated in a timely manner in order to make the required residual receipts deposit.

S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance 14.157 S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Unresolved 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 ? 2021-001 S3800-020 Criteria ? In accordance with the Regulatory Agreement, surplus cash is required to be deposited into a residual receipts account within 90 days of year-end. S3800-030 Statement of Condition ? Surplus cash was not deposited into a residual receipts account within 90 days of year-end. S3800-032 Cause ? Management was unaware of the requirement for the prior year audit. S3800-033 Effect or Potential Effect ? The Project is in violation of the Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? B S3800-040 Questioned Costs ? $3,811 S3800-045 Reporting Views of Responsible Officials ? Management will reference the audit in future years to ensure proper deposits are made in a timely manner. S3800-050 Context ? Management will ensure the residual receipts deposits are made in a timely manner. S3800-080 Recommendation ? Management should ensure surplus cash is calculated in a timely matter in order to make any required deposit to the residual receipts account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management will reference the audit in future years to ensure proper deposits are made in a timely manner. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? May 2, 2022 S3800-150 Response ? Management will ensure surplus cash is calculated in a timely manner in order to make the required residual receipts deposit.