Finding Text
S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 202 Capital Advance, CFDA Number 14.157 Section 202 Project Rental Assistance Contract, CFDA Number 14.157 HOME Investment Partnership Program, CFDA Number 14.239 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? 2021-002 S3800-020 Criteria ? Per the regulatory agreement Section 11(f) for a project under the ALN 14.157, the Project is required to submit the audited financial statements to HUD within 90 days of a Project's fiscal year end. S3800-030 Statement of Condition - Sessions Village 202 did not meet the financial statement filing requirements for the year ended September 30, 2022. As a not-for-profit organization, Uniform Guidance allows the earlier of 9-months after fiscal year end or 30-days after the report is issued to submit. The audit was submitted within the Uniform Guidance requirements. S3800-032 Cause ? Sessions Village 202 was not able to meet the financial statement filing deadline for the year ended September 30, 2022. S3800-033 Effect or Potential Effect ? HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for non-compliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? Z (Other) S3800-037 FHA/Contract Number ? 171-EE015 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Sessions Village 202 recognizes that they did not submit to HUD within the allotted time period and will follow the HUD financial statement filing requirements going forward. S3800-080 Recommendation ? We recommend Sessions Village 202 implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Sessions Village 202 will follow the filing requirements of the regulatory agreement going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? February 9, 2023 S3800-150 Response ? Sessions Village 202 will follow the filing requirements of the regulatory agreement going forward.