Finding Text
S3800-010 Finding Reference Number ? 2022-002 S3800-011 Title and CFDA Number of Federal Program ? 14.126 HUD Insured Mortgage and 14.195 Section 8 Housing Assistance Payments S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Open 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 ? HUD requires the Cooperative to file audited financial statements into the REAC system within 90 days after the fiscal year-end. S3800-030 Statement of Condition ? The audited financial statements for the year ended July 31, 2022 were not filed into the REAC system within 90 days after the year-end. S3800-032 Cause ? The Cooperative changed management companies during the year and records were not transferred within a reasonable amount of time. S3800-033 Effect or Potential Effect ? The REAC filing for the year ended July 31, 2022 is late. S3800-035 Auditor Non-Compliance Code ? Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will make sure future audited financial statements are filed into the REAC system within 90 days after the fiscal year end. S3800-050 Context ? The REAC filing for the year ended July 31, 2022 is late. S3800-080 Recommendation ? Management needs to make sure future audited financial statements are filed into the REAC system within 90 days after the fiscal year end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management will make sure future audited financial statements are filed into the REAC system within 90 days after the fiscal year end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? June 2023