Corrective Action Plan
United States Department of Housing and Urban Development
Saugatucket Springs, Inc. respectfully submits the following corrective action plan for the year ended June
30, 2023
Name of Audit Firm: Damiano, Burk & Nuttall, P.C.
6 Blackstone Valley Place Suite 109
Lincoln, RI 02865
Audit period covered: 7/1/2022-6/30/2023
The findings from the June 30, 2023 schedule of findings and questioned costs are discussed below. The
findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule,
Summary of Audit Results, does not include findings and is not addressed.
FINDINGS—FEDERAL AWARD PROGRAMS AUDITS DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINDING 2023-001: Section 202 Project Rental Assistance—Assistance Listing # 14.157
Recommendation: The Partnership should design and implement internal controls to ensure that all security
deposits are transferred in the required time period. Management should also conduct a monthly inspection
of the security deposit listing.
Action Taken: Management is in agreement with the auditors’ findings. Management has instructed all
accounting personnel to review all matters related to tenant compliance.
If the United States Department of Housing and Urban Development has questions regarding this plan,
please call Frank Shea at (401) 296-3761.