Finding Text
Criteria:
The Cooperative is required to annually submit an audit electronically to the Federal Audit Clearinghouse within nine months of the Cooperative’s fiscal year-end.
Condition:
The Cooperative has not timely filed the annual audit with the Federal Audit Clearinghouse.
Questioned Costs:
None.
Context:
The Cooperative did not timely file the annual audit with the Federal Audit Clearinghouse.
Effect:
The Cooperative is out of compliance with their HUD regulatory agreement.
Cause:
The Cooperative had delays in obtaining a Unique Entity ID so was unable to timely file the annual audit with the Federal Audit Clearinghouse.
Repeat Finding:
N/A.
Recommendation:
We recommend that the Cooperative file their annual audit with the Federal Audit Clearinghouse within nine months of their fiscal year-end.
Current Status:
Resolved, the Cooperative’s fiscal year-end 2022 audit was filed with the Federal Audit Clearinghouse.
Action Taken:
The Cooperative will timely file their annual audit with the Federal Audit Clearinghouse.
Views of responsible officials and planned corrective actions:
The Cooperative agrees with this finding and will adhere to the corrective action plan on pages 29-30 in this audit report.