Finding 1208596 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-04-23

Audit: 399569

Organization: Sheridan Glen Housing, Inc. (CO)

Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

Answer: Financial statements must be filed in the REAC system within 90 days after year-end.
Trend: Timely filing is crucial for compliance and maintaining transparency.
List: Follow up on filing deadlines and ensure all necessary documents are prepared in advance.

Management of the Partnership will ensure the audited financial statements are filed into the REAC system within 90-days after year-end.

Management of the Partnership will ensure the audited financial statements are filed into the REAC system within 90-days after year-end.

ALN	Program Name	Expenditures
14.134	MORTGAGE INSURANCE_RENTAL HOUSING	$6.86M
14.195	SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM	$1.77M