Finding 1214877 (2025-001)

Material Weakness Repeat Finding
Requirement
LP
Questioned Costs
-
Year
2025
Accepted
2026-05-18

AI Summary

  • Core Issue: The organization failed to file Forms RD 3560-7 & 3560-10 and the Data Collection Form on time.
  • Impacted Requirements: Timely submission of required forms is crucial for compliance and could affect USDA funding.
  • Recommended Follow-Up: Management should establish a tracking process to ensure all year-end reports are filed promptly.

Finding Text

Criteria: The organization is required to file Forms RD 3560-7 & 3560-10 with Rural Development for the prior year end. In addition, the Data Collection Form is required to be filed within 30 days of receiving the audit report or nine months after year end. Statement of Condition: The RD Forms for the prior year were not filed and the Data Collection Form was not submitted timely. Statement of Cause: The reports were not filed timely pending the completion of the audit and not having a process to ensure the RD Forms were filed after the audit was completed. Effect: The non-filing could have impacted the receipt of USDA funds. Questioned Costs: No known questioned costs. Repeat Finding: This was not a repeat finding. Recommendations: Management should have a process in place to ensure all year-end reports are filed timely. Views of Responsible Officials and Planned Corrective Actions: Management will implement a process whereby the year end filings will be tracked and the date filed documented

Corrective Action Plan

Management will implement a process whereby the year end filings will be tracked and the date filed documented

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1214876 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $165,793
10.415 RURAL RENTAL HOUSING LOANS $109,125