FAC Explorer

Finding 34421 (2022-005)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 32025
Organization: Morehouse Place Cooperative (MN)
Auditor: Westberg Eischens

AI Summary

  • Core Issue: The Cooperative failed to submit its annual audit to HUD, leading to non-compliance with regulations.
  • Impacted Requirements: Annual filing with the U.S. Department of Housing and Urban Development is mandatory.
  • Recommended Follow-Up: Ensure the Cooperative continues to file annually and adheres to the corrective action plan.

Finding Text

Finding 2022-005 Criteria: The Cooperative is required to annually submit an audit electronically to the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Condition: The Cooperative has not filed annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Questioned Costs: None. Context: The Cooperative did not file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Effect: The Cooperative is out of compliance with their HUD regulatory agreement. Cause: The Cooperative was unaware of the need to file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Repeat Finding: N/A. Recommendation: We recommend that the Cooperative file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Current Status: Resolved, the Cooperative has filed this annual report with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Action Taken: The Cooperative will file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Views of Responsible Officials and Planned Corrective Actions: The Cooperative agrees with this finding and will adhere to the corrective action plan on pages 31-32 in this audit report.

Corrective Action Plan

Housing and Urban Development Morehouse Place Cooperative respectfully submits the following corrective action plan for the year ended December 31, 2022. Westberg Eischens, PLLP 2630 1st Street South P.O. Box 362 Willmar, MN 56201 Audit Period: December 31, 2022 The findings from the December 31, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Summary of audit results does not include findings and is not addressed. Finding 2022-005 Recommendation: We recommend that the Cooperative file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Action Taken: The Cooperative will file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Planned Completion Date: March 31, 2023.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 34417 2022-001
    Significant Deficiency
  • 34418 2022-002
    Significant Deficiency
  • 34419 2022-003
    Significant Deficiency
  • 34420 2022-004
    Significant Deficiency
  • 610859 2022-001
    Significant Deficiency
  • 610860 2022-002
    Significant Deficiency
  • 610861 2022-003
    Significant Deficiency
  • 610862 2022-004
    Significant Deficiency
  • 610863 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.126 Mortgage Insurance_cooperative Projects $2.79M