FAC Explorer

Finding 1054641 (2023-003)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-07-11
Audit: 314891
Organization: Edsil's Place Apartments, Inc. (KY)
Auditor: Deming Malone Livesay & Ostroff

AI Summary

  • Answer: The Organization failed to send excess residual receipts to HUD.
  • Trend: This issue indicates a pattern of non-compliance with financial remittance requirements.
  • List: Follow up by reviewing remittance processes, ensuring timely payments, and implementing compliance training.

Finding Text

The Organization did not remit its excess residual receipts to HUD.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 478197 2023-001
    Material Weakness
  • 478198 2023-002
    Material Weakness
  • 478199 2023-003
    Significant Deficiency
  • 1054639 2023-001
    Material Weakness
  • 1054640 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.51M