Finding Text
Finding 2024-005 No Board Meetings Were Held During 2024 Condition: An annual board meeting was not held during 2024 due to lack of a quorum of board members. Criteria: Non-profit organizations are to certify that the board is active and maintains oversight of the property. Cause: Board members resigned, and their positions were not filled. Effect: Having an inactive board could affect the Corporation’s compliance with the USDA-Rural Development regulations. Recommendation: We recommend that board members are found, and a board meeting is held. Repeat Finding: No. Views of Responsible Officials and Planned Corrective Actions: We agree with the auditor and will take under advisement.