Management agrees with this finding.
Parkview Services will implement a formal SEFA preparation checklist by December 31st, 2025 that requires Finance Director to
review federal loan agreements, program-specific compliance supplements, and prior year SEFAs to ensure all applicable
programs are reported. The checklist will include a step to verify whether any federal loans with ongoing compliance
requirements, including EIDL, must be included even if no new funds were expended during the audit period.
The Finance Director will find and take trainings and seek out updates on federal reporting requirements, including any programspecific
guidance for all federal awards held by the organization. Finance Director will monitor and idetntify of continuing
compliance requirements for loans, as well as the treatment of federal loans in the SEFA. Before finalizing the SEFA each year, the Finance Director will perform a documented review of the draft against the checklist and
supporting loan documentation. The Executive Director will provide a secondary review to confirm completeness before
submission to the auditors. This dual review process will begin with the preparation of the 2025 SEFA.