CORRECTIVE ACTION PLAN:
Name and Number of the Project: Cliff View Village III, Inc.
No. 112-EE034
Audit Firm: M Group, LLP
Audit Period: The year ended December 31, 2023
Compliance Review:
A. COMMENTS ON FINDINGS AND RECOMMENDATIONS
We concur with the findings and recommendations of our auditors regarding our noncompliance as cited in the accompanying Schedule of Findings and Questioned Costs.
ACTIONS TAKEN:
FINDING 1: Section 202 Capital Advance, Assistance Listing 14:157
CORRECTIVE ACTION TO BE COMPLETED: The Company overfunded the replacement reserve in 2023. Management will closely monitor the monthly deposits into the replacement reserve account.
We have prepared the corrective action plan as required by the standards applicable to financial statements contained in Government Auditing Standards and by the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards. Any questions regarding the above corrective action plan
should be directed to Ms. Connie Quillen, Vice President, Asset Living.