Beloit Assisted Living, Inc. submits the following corrective action plans for the identified
finding for the audit period January 1, 2024, through December 31, 2024.
Finding 2024-001: Reserve for Replacement Required Deposits
Corrective Action Plan:
1. Community Action Inc, of Rock and Walworth Cou...
Beloit Assisted Living, Inc. submits the following corrective action plans for the identified
finding for the audit period January 1, 2024, through December 31, 2024.
Finding 2024-001: Reserve for Replacement Required Deposits
Corrective Action Plan:
1. Community Action Inc, of Rock and Walworth Counties (CAI), contracts with
Wisconsin Management Company Inc. (WiMCI) to provide property
management services to CAI for Beloit Assisted Living Inc.
2. CAI conducts monthly meetings with WiMCI to review tenancy, financial
performance and facility management. To address the Finding identified by
WIPFLI, CAI will receive a monthly written confirmation from WMCI that the
monthly Reserve for Replacement Deposits required by the U. S. Department of
Housing and Urban Development (HUD) are made as required.
3. If WMCI anticipates that they are not able to make the deposit, CAI will be notified a
minimum of 15 days prior to work with WIMCI to identify other payment options.
Person(s) Responsible:
Russ Enders, CEO, Wisconsin Management Company Inc.
Marc Perry, Executive Director, Community Action Inc. of Rock and
Walworth Counties.
Timing for Implementation:
Monthly meetings are currently scheduled for the 4th Monday of each month at 9:00 AM.
The meeting schedule will remain with the addition of the monthly update regarding the
deposit to the reserve.