Finding 560005 (2023-003)

S3800-010 Finding Reference Number - 2023-003 S3800-011 Title and CFDA Number of Federal Program - Supportive Housing for the Elderly - Section 202 Capital Advance 14.157 S3800-015 Type of Finding - Federal Award Finding S3800-016 Finding Resolution Status - In process S3800-017 Information on Universe Population Size - N/A S3800-018 Sample Size Information - N/A S3800-019 Identification of Repeat Finding and Finding Reference Number - N/A S3800-020 Criteria - The audit must be completed, and the data collection form and reporting package must be submitted to the Federal Audit Clearinghouse nine months after their fiscal period end. The due date for the submission was April 30, 2024. S3800-030 Statement of Condition - The audit and reporting package were not submitted by the due date April 30, 2024. Finding is a significant deficiency. S3800-032 Cause - Ida B. Wells experienced a change in the management agent and accounting processes and internal controls over financial reporting were not functioning timely to support generating complete and accurate financial information. S3800-033 Effect or Potential Effect - The audit and federal reporting package were not filed on time. S3800-035 Auditor Non-Compliance Code - L – Reporting S3800-040 Questioned Costs - $0 S3800-045 Reporting Views of Responsible Officials - Management agrees with this finding. S3800-037 FHA/Contract number - 017EE058 S3800-038 Questioned Costs - $0 S3800-050 Context - The financial statements and federal single audit were not able to be completed by the due date. S3800-080 Recommendation - We recommend that all necessary efforts be taken to ensure timely submission of the audit and financial reporting package. S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management will ensure that there is an adequate level of appropriately trained and experienced personnel and that internal controls over financial reporting will function properly. S3800-130 Response Indicator - Agree S3800-140 Completion Date - N/A S3800-150 Response - Management has maintained appropriately trained and experienced personnel to ensure the financial close process has been completed accurately and timely.