Core Issue: There is a material weakness in internal controls related to compliance for the Rural Rental Housing Loans program.
Impacted Requirements: This affects reporting criteria as outlined in Finding 2025-001.
Recommended Follow-Up: Review the corrective action plan on page 42 to address the identified weaknesses.
Finding Text
FINDING 2025-002: Material Weakness in Internal Control over Compliance – Reserve Drawdowns Federal Award Identification Assistance Listing Program Title: Rural Rental Housing Loans Assistance Listing Program Number: 10.415 Federal Award ID Number and Year: N/A Federal Agency: U.S. Department of Agriculture – Rural Development Compliance Requirements: L – Reporting Criteria: See Finding 2025-001 Condition: See Finding 2025-001 Repeat Finding: No Questioned Costs: $3,510 Statistical Sample: No Context: See Finding 2025-001 Effect or Potential Effect: See Finding 2025-001 Cause: See Finding 2025-001 Recommendation: See Finding 2025-001 Auditee Response/ Corrective Action Plan: See page 42.
Corrective Action Plan
Finding 2025-002 See response to finding 2025-001.
Categories
Questioned CostsCash ManagementMaterial WeaknessReportingMatching / Level of Effort / EarmarkingInternal Control / Segregation of Duties