Finding Text
Program Name: 14.239 Home Investment Partnership Program
Criteria: Federal loans are required to be reported on the Schedule of Expenditures of Federal Awards. (Section 200.502(b) of 2
CFR Part 200).
Condition: The Organization had a federal loan that was not originally included on the Organization’s Schedule of Expenditures
of Federal Awards.
Cause of Condition: The Organization failed to properly identify the loan as needing to be reflected on the Schedule of
Expenditures of Federal Awards.
Potential Effect of Condition: The Organization’s federal loan not being included in the audited Schedule of Expenditures of
Federal Awards.
Recommendation: The Organization should establish policies and procedures to carefully review loans and consider whether
they should be included on the Schedule of Expenditures of Federal Awards.
Views of Responsible Officials: Management has acknowledged that this should be included in the Schedule of Expenditures of
Federal Awards and will include it as required in any applicable year.