Management agrees with the facts presented by the auditors. The EDB, as Subrecipient, performs the closings of CDBG-DR SBF Grants and enters each transaction’s information in a system provided by the CDBG-DR SBF Recipient and its Consultants. The Administrative and Performance Reports, referred to by the auditor, are automatically generated by the Award Management system and other systems provided by the Recipient to us. The difference reflected between the Bank’s records and the Administrative and Performance Reports results from a system’s bug that is solely under the control of the Recipient and its Consultants. The differences herein indicated were informed to the Recipient and its Consultants to be corrected.