FAC Explorer

Finding 528802 (2021-001)

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Requirement
L
Questioned Costs
-
Year
2021
Accepted
2025-03-19
Audit: 346855
Organization: Saraland Manor, Inc. (MS)
Auditor: Alford & Rambaran LLC

AI Summary

  • Issue: The Organization missed deadlines for submitting its annual financial report and required forms for 2021.
  • Impacted Requirements: Reports were due to HUD within 90 days and to the FAC within nine months after the audit period.
  • Recommended Follow-Up: Ensure timely submission of all required reports in the future to avoid compliance issues.

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, 2021 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, 2021 within nine months after the end of the audit period.

Corrective Action Plan

We agree with Finding 2021-001 and the recommendations described above. We have engaged a CPA firm to perform a single audit for the periods December 31, 2022-2023.

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 $6.03M
14.151 Supplemental Loan Insurance Multifamily Rental Housing $2.35M
14.195 Project-Based Rental Assistance (pbra) $874,942