U.S. Department of Housing and Urban Development
PFI Housing Company of Auburn, Inc. (Edward T. Boyle Center), HUD Project No. 014-1161 respectfully submits the following corrective action plan for the year ended December 31, 2023.
Name and address of independent public accounting firm:
Bonadio & Co., LLP
432 North Franklin Street #60
Syracuse, New York 13204
Audit period:
January 1, 2023 – December 31, 2023
The findings from the 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule.
FINDINGS – FINANCIAL STATEMENT AUDIT
None
FINDINGS – FEDERAL AWARD PROGRAM AUDIT
Finding 2023-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155
Recommendation: Our auditors recommended that we resume unit inspections and ensure those inspections are properly documented in the tenant files.
Action Taken: We are currently in the process of completing and documenting unit inspections.
Name of Contact Person Responsible for Corrective Action: Kyle Lyskawa, CFO, (315) 424-1821.
Anticipated Completion Date: March 2024