Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Capital advance identification number 054-EE-088 and project rental assistance contract identification number SC-16S061002) Auditor non-compliance code: C - Unauthorized withdrawal from residual receipts Finding resolution status: Unresolved Universe population size: 1 residual receipt withdrawal. Sample size information: 1 residual receipt withdrawal. Noncompliance information: 1 residual receipt withdrawal Statistically valid sample: Not applicable. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable. Questioned costs: $9,900 Statement of condition #2022-001 (Assistance Listing No. 14.157): The Corporation made a withdrawal from the residual receipts fund that was not approved by HUD during the year ended September 30, 2022. Criteria: Pursuant to the HUD regulations, all withdrawals from the residual receipts fund require HUD approval. Effect: The Corporation is not in compliance with the terms of the Section 202 Regulatory Agreement. As of September 30, 2022, the residual receipts fund is underfunded by $9,900. Cause: Management withdrew $9,900 from the residual receipts fund without HUD approval. Recommendation: Management should obtain HUD approval before making withdrawals from the residual receipts fund. Management should transfer $9,900 to the residual receipts fund. Completion date: September 30, 2023 Management's response: Agree.
Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Capital advance identification number 054-EE-088 and project rental assistance contract identification number SC-16S061002) Auditor non-compliance code: C - Unauthorized withdrawal from residual receipts Finding resolution status: Unresolved Universe population size: 1 residual receipt withdrawal. Sample size information: 1 residual receipt withdrawal. Noncompliance information: 1 residual receipt withdrawal Statistically valid sample: Not applicable. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable. Questioned costs: $9,900 Statement of condition #2022-001 (Assistance Listing No. 14.157): The Corporation made a withdrawal from the residual receipts fund that was not approved by HUD during the year ended September 30, 2022. Criteria: Pursuant to the HUD regulations, all withdrawals from the residual receipts fund require HUD approval. Effect: The Corporation is not in compliance with the terms of the Section 202 Regulatory Agreement. As of September 30, 2022, the residual receipts fund is underfunded by $9,900. Cause: Management withdrew $9,900 from the residual receipts fund without HUD approval. Recommendation: Management should obtain HUD approval before making withdrawals from the residual receipts fund. Management should transfer $9,900 to the residual receipts fund. Completion date: September 30, 2023 Management's response: Agree.
Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Capital advance identification number 054-EE-088 and project rental assistance contract identification number SC-16S061002) Auditor non-compliance code: C - Unauthorized withdrawal from residual receipts Finding resolution status: Unresolved Universe population size: 1 residual receipt withdrawal. Sample size information: 1 residual receipt withdrawal. Noncompliance information: 1 residual receipt withdrawal Statistically valid sample: Not applicable. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable. Questioned costs: $9,900 Statement of condition #2022-001 (Assistance Listing No. 14.157): The Corporation made a withdrawal from the residual receipts fund that was not approved by HUD during the year ended September 30, 2022. Criteria: Pursuant to the HUD regulations, all withdrawals from the residual receipts fund require HUD approval. Effect: The Corporation is not in compliance with the terms of the Section 202 Regulatory Agreement. As of September 30, 2022, the residual receipts fund is underfunded by $9,900. Cause: Management withdrew $9,900 from the residual receipts fund without HUD approval. Recommendation: Management should obtain HUD approval before making withdrawals from the residual receipts fund. Management should transfer $9,900 to the residual receipts fund. Completion date: September 30, 2023 Management's response: Agree.
Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Capital advance identification number 054-EE-088 and project rental assistance contract identification number SC-16S061002) Auditor non-compliance code: C - Unauthorized withdrawal from residual receipts Finding resolution status: Unresolved Universe population size: 1 residual receipt withdrawal. Sample size information: 1 residual receipt withdrawal. Noncompliance information: 1 residual receipt withdrawal Statistically valid sample: Not applicable. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: Not applicable. Questioned costs: $9,900 Statement of condition #2022-001 (Assistance Listing No. 14.157): The Corporation made a withdrawal from the residual receipts fund that was not approved by HUD during the year ended September 30, 2022. Criteria: Pursuant to the HUD regulations, all withdrawals from the residual receipts fund require HUD approval. Effect: The Corporation is not in compliance with the terms of the Section 202 Regulatory Agreement. As of September 30, 2022, the residual receipts fund is underfunded by $9,900. Cause: Management withdrew $9,900 from the residual receipts fund without HUD approval. Recommendation: Management should obtain HUD approval before making withdrawals from the residual receipts fund. Management should transfer $9,900 to the residual receipts fund. Completion date: September 30, 2023 Management's response: Agree.