FAC Explorer

Finding 516070 (2020-001)

-
Requirement
L
Questioned Costs
-
Year
2020
Accepted
2024-12-19
Audit: 333871
Organization: Saraland Manor, Inc. (MS)
Auditor: 881150000

AI Summary

  • Issue: The Organization missed deadlines for submitting its annual financial report and required forms for 2020.
  • Impacted Requirements: Reports were due to HUD within 90 days and to FAC within nine months after the fiscal year ended.
  • Recommended Follow-up: Ensure timely submissions in the future and review processes to avoid similar delays.

Finding Text

The Organization did not submit its annual financial report, certified by a Certified Public Accountant, to HUD for the year ending December 31, 2020 within 90 days following the end of the fiscal year. Also, the Organization did not submit the data collection form and required reporting packages to the Federal Audit Clearinghouse (FAC) for the year ending December 31, 2020 within nine months after the end of the audit period.

Corrective Action Plan

We agree with Finding 2020-001 and the recommendations described above. We have engaged a CPA firm to perform a single audit for the periods December 31, 2021-2023.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $5.88M
14.151 Supplemental Loan Insurance Multifamily Rental Housing $2.29M
14.195 Project-Based Rental Assistance (pbra) $888,758