Finding Text
Finding 2022-005 Criteria: The Cooperative is required to annually submit an audit electronically to the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Condition: The Cooperative has not filed annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Questioned Costs: None. Context: The Cooperative did not file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Effect: The Cooperative is out of compliance with their HUD regulatory agreement. Cause: The Cooperative was unaware of the need to file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Repeat Finding: N/A. Recommendation: We recommend that the Cooperative file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Current Status: Resolved, the Cooperative has filed this annual report with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Action Taken: The Cooperative will file annually with the U.S. Department of Housing and Urban Development, Real Estate Assessment Center. Views of Responsible Officials and Planned Corrective Actions: The Cooperative agrees with this finding and will adhere to the corrective action plan on pages 31-32 in this audit report.