Audit 367316

Title and Assitance Listing Number of Federal Program: 14.157 Supportive Housing for the Elderly (Section 202); Type of Finding: Federal Award Finding; Finding Resolution Status: Resolved; Information on Universe and Population Size: 1 deposit due residual receipts; Sample Size Information: 1 deposit due residual receipts; Identification of Repeat Finding and Finding Reference Number: Not a repeat finding; Criteria: In accordance with Title 24 CFR § 891.400: Project funds remaining in the project funds account (including interest earned) at the end of the fiscal year must be deposited into a Federally-insured residual receipts account within 60 days.; Statement of Condition: During our review of residual receipts, we noted prior year surplus cash deposit was not deposited into residual receipts account.; Cause: The Organization did not have a system in place to remind management to make the required surplus cash in the residual receipts.; Effect or Potential Effect and Perspective: The residual receipts was underfunded by a total of $8,582 as of December 31, 2024.; Auditor Non-Compliance Code: B - Failure to make required residual receipts deposits; Questioned Costs: No questioned costs.; Reporting Views of Responsible Officials: Management agreed with the finding and is working on implementing a corrective action plan.; Please identify the property(s) and associated questioned costs this finding applies to: JG Commons Senior Housing; FHA/Contract Number: 127-EE026; Context: Based on the review residual receipts documentation, management did not make required residual receipts deposits. The residual receipts was underfunded by a total of $8,582 as of December 31, 2024.; Recommendation: We recommend management to make deposit for a total of $8,582 to cover the underfunded residual receipts. We recommend a tracking or additional review procedure is created to strengthen the controls and to ensure the funds are returned back to the residual receipts.; Auditor's Summary of Auditee's Comments on the Findings and Recommendations: Management agrees with the auditor.; Response Indicator: Agree; Completion Date: August 15, 2025; Response: Management agreed with the finding and has implemented a corrective action plan.;

Title and Assitance Listing Number of Federal Program: 14.157 Supportive Housing for the Elderly (Section 202); Type of Finding: Federal Award Finding; Finding Resolution Status: Resolved; Information on Universe and Population Size: 1 deposit due residual receipts; Sample Size Information: 1 deposit due residual receipts; Identification of Repeat Finding and Finding Reference Number: Not a repeat finding; Criteria: In accordance with Title 24 CFR § 891.400: Project funds remaining in the project funds account (including interest earned) at the end of the fiscal year must be deposited into a Federally-insured residual receipts account within 60 days.; Statement of Condition: During our review of residual receipts, we noted prior year surplus cash deposit was not deposited into residual receipts account.; Cause: The Organization did not have a system in place to remind management to make the required surplus cash in the residual receipts.; Effect or Potential Effect and Perspective: The residual receipts was underfunded by a total of $8,582 as of December 31, 2024.; Auditor Non-Compliance Code: B - Failure to make required residual receipts deposits; Questioned Costs: No questioned costs.; Reporting Views of Responsible Officials: Management agreed with the finding and is working on implementing a corrective action plan.; Please identify the property(s) and associated questioned costs this finding applies to: JG Commons Senior Housing; FHA/Contract Number: 127-EE026; Context: Based on the review residual receipts documentation, management did not make required residual receipts deposits. The residual receipts was underfunded by a total of $8,582 as of December 31, 2024.; Recommendation: We recommend management to make deposit for a total of $8,582 to cover the underfunded residual receipts. We recommend a tracking or additional review procedure is created to strengthen the controls and to ensure the funds are returned back to the residual receipts.; Auditor's Summary of Auditee's Comments on the Findings and Recommendations: Management agrees with the auditor.; Response Indicator: Agree; Completion Date: August 15, 2025; Response: Management agreed with the finding and has implemented a corrective action plan.;