Finding 1055124 (2023-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2024-07-17

Audit: 315316

Organization: Nueces County Housing Assistance, Inc. (TX)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: The Cooperative did not deposit funds into the residual receipts account within the required 90 days after the 2022 fiscal year ended.
Trend: This delay may indicate a pattern of non-compliance with financial regulations.
List: Follow up by ensuring timely deposits in the future and reviewing compliance processes.

The Cooperative failed to make the required deposit within 90 days subsequent to the end of the 2022 fiscal year into the residual receipts account.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$2.85M
14.195	Section 8 Housing Assistance Payments Program	$219,921