FAC Explorer

Finding 45764 (2022-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-09-28
Audit: 39964
Organization: Native Partnership for Housing, INC (NM)
Auditor: Sjt Group LLC

AI Summary

  • Answer: NPH missed the deadline for the annual federal reporting package.
  • Trend: This delay could indicate ongoing issues with timely reporting.
  • List: Follow up to ensure compliance and establish a plan to meet future deadlines.

Finding Text

NPH did not submit the annual federal reporting package within nine months after September 30, 2022.

Corrective Action Plan

NPH is aware the implementation of outsourcing the accounting department required an extensive period of time to fully transition to the outsourced CPA firm. NPH has completed the transition and is now in a position to ensure the annual federal reporting package is submitted in a timely manner in the future.

Categories

Reporting

Other Findings in this Audit

  • 45763 2022-002
    Material Weakness
  • 622205 2022-002
    Material Weakness
  • 622206 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $555,080
21.012 Native Initiatives $256,128
21.116 Network Supplemental $220,000
21.116 Network Supplmental $4,000