Finding Text
Finding 2023-001: Supportive Housing for the Elderly; CFDA 14.157
Information on the Universe Population Size
All regulatory reporting.
Sample Size Information
All regulatory reporting.
Criteria
The Uniform Guidance requires auditees to submit a completed Standard Form Single Audit
Collection (SF-SAC) along with other specified reports, to the Federal Audit Clearinghouse
(FAC) within the earlier of 30 days after receipt of the auditor’s reports, or nine months after the
end of the audit period. The Real Estate Assessment Center’s (“REAC”) Audited Financial
Statement submission is required to be filed by the extended due date of January 31, 2024.
Statement of Condition
The Entity’s Uniform Guidance submission to the FAC and REAC submissions were not filed
timely.
Cause
Change in managing agent during the fiscal year.
Effect or Potential Effect
The failure to submit the SF-SAC and REAC on a timely basis caused the Entity to be
noncompliant with the reporting requirements. The Entity may incur fines and penalties.
Auditor Non-Compliance Code
L – Reporting
Questioned Costs
There were no known questioned costs.
Recommendation
We recommend that the Entity ensure timely filing in accordance with reporting requirements.
Repeat Finding
No
Views of Responsible officials
See corrective action plan.