FAC Explorer

Finding 393711 (2021-005)

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Requirement
L
Questioned Costs
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Year
2021
Accepted
2024-04-18
Audit: 303856
Organization: Community Development Partnership (MA)
Auditor: Sanders Walsh & Eaton CPAS LLC

AI Summary

  • Core Issue: The CDP did not submit the required data collection form (Form SF-SAC) on time.
  • Impacted Requirements: This violates 45 CFR 75.512, which mandates submission within 30 days of receiving the auditor's report or nine months post-audit period.
  • Recommended Follow-up: Management should ensure timely audits and accurate financial statements to avoid delays and potential loss of federal funding.

Finding Text

Data Collection Form (Form SF-SAC) Cluster: Not applicable Sponsoring Agency U.S. Department of Housing and Urban Development Award Name Home Investment Partnerships Program Award Number Not applicable Assisting Listing Number 14.239 Award Year FY 2002 Pass-through entity Not applicable Criteria: According to 45 CFR 75.512, the audit must be completed and the data collection form (Form SF-SAC) must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. Condition: The CDP failed to submit to FAC the data collection form. Cause: The CDP failed to acquire the annual audit in a timely fashion resulting in a failure to file the data collection form. Effect: Failure to file data collection form could result in withholding of federal funds and jeopardize CDP's eligibility for federal awards. Recommendation: Management needs to ensure the CDP can produce accurate and complete annual financial statements to ensure efficient audit process. Incomplete financial records will lead to increased testing which may result in delay of filing the data collection form. Management's Views and Corrective Action Plan Management's response is included in "Management's View and Corrective Action Plan" at the end of this report after the schedule of findings and questioned cost.

Corrective Action Plan

Upon the completion of the annual audits for FY21, FY22 and FY23 management will file Form SF-SAC with the Federal Audit Clearing House (FAC). Thereafter the annual audit will be completed on a timely basis which will allow for the timely filing of the Form SF-SAC with the FAC.Anticipated Completion Date October 15, 2024.Responsible Contact Person-Kathleen Boyce, CFAO

Categories

Subrecipient Monitoring Eligibility

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $2.26M
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $561,862
14.228 Covid-19 - Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $458,135
14.871 Section 8 Housing Choice Vouchers $204,771
10.427 Rural Rental Assistance Payments $100,270
10.769 Rural Business Enterprise Grants $60,000
10.415 Rural Rental Housing Loans $44,968