CORRECTIVE ACTION PLAN
Name and Number of the Project: Alamo Area Mutual Housing Association
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 2023-003: Section 223(a)(7) HUD Insured Loan, Assistance Listing 14.135 - AAMHA Western Hills, LLC HUD Project No. 115-115888, AAMHA KPTP, LLC HUD Project No 115-35652 and Section 223(f) HUD Insured Loan, Assistance Listing 14.155 - AAMHA Calcasieu, LLC HUD Project No 115-11280Section 223(a)(7) HUD Insured Loan, Assistance Listing 14.135. Entity expenses and receipts were recorded on the incorrect project’s books.
CORRECTIVE ACTION COMPLETED:
a. AAMHA Western Hills, LLC - On April 24, 2024, $3,199 was received from an affiliate.
b. AAMHA KPTP, LLC - During 2023, $16,321 was received from affiliates. On May 10, 2023, the Project received $8,027.
c. AAMHA Calcasieu, LLC – On April 16, 2024, the Project received $5,869 from an affiliate.
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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Any questions regarding the above corrective action plan should be directed to Christine Drennon, Executive Director.