Finding 380924 (2023-001)

Significant Deficiency

Requirement

Questioned Costs

Year

2023

Accepted

2024-03-18

Audit: 295651

Organization: Zvago Cooperative at Stillwater (MN)

Auditor: Westberg Eischens Pllp

AI Summary

Core Issue: The Cooperative failed to submit its annual audit to the Federal Audit Clearinghouse.
Impacted Requirements: This non-compliance breaches the HUD regulatory agreement.
Recommended Follow-Up: Ensure the Cooperative continues to file annually to maintain compliance.

Finding Text

Criteria: The Cooperative is required to annually submit an audit electronically to the Federal Audit Clearinghouse. Condition: The Cooperative has not filed annually with the Federal Audit Clearinghouse. Questioned Costs: None. Context: The Cooperative did not file annually with the Federal Audit Clearinghouse. 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 Federal Audit Clearinghouse. Repeat Finding: N/A. Recommendation: We recommend that the Cooperative file annually with the Federal Audit Clearinghouse. Current Status: Resolved, the Cooperative has filed this annual report with the Federal Audit Clearinghouse. Action Taken: The Cooperative will file annually with the Federal Audit Clearinghouse. Views of Responsible Officials and Planned Corrective Actions: The Cooperative agrees with this finding and will adhere to the corrective action plan.

Corrective Action Plan

Housing and Urban Development Zvago Cooperative at Stillwater respectfully submits the following corrective action plan for the year ended December 31, 2023. Westberg Eischens, PLLP 2630 1st Street South P.O. Box 362 Willmar, MN 56201 Audit Period: December 31, 2023 The finding from the December 31, 2023 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. Summary of audit results does not include findings and is not addressed. Finding 2023-001 Recommendation: We recommend that the Cooperative file annually with the Federal Audit Clearinghouse. Action Taken: The Cooperative will file annually with the Federal Audit Clearinghouse. Planned Completion Date: March 31, 2024.

Other Findings in this Audit

957366 2023-001

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
14.126	Mortgage Insurance_cooperative Projects	$16.18M