FAC Explorer

Finding 1074643 (2023-004)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-09-25
Audit: 320968
Organization: Rev. Dr. Clay Evans Manor (LA)
Auditor: Wharton CPA LLC

AI Summary

  • Core Issue: $229,388 in HUD 9250 funds was requested for operations but not repaid as required.
  • Impacted Requirements: Funds should be repaid within 60 days of receiving HAP subsidy funds.
  • Recommended Follow-Up: Ensure the Project complies with HUD 9250 repayment guidelines to avoid future issues.

Finding Text

Condition: HUD 9250 funds were requested for use in operations in the amount of $229,388. Criteria: According to HUD 9250 requests, advanced funds were to be repaid within 60 days of receipt of HAP subsidy funds. Cause: The cause is undeterminable. Effect: The Project utilized funds from the reserve for replacement account and currently does not have funds to repay the loan. Recommendation: I recommend the Project remain in compliance with the HUD 9250 requests.

Categories

HUD Housing Programs Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 498198 2023-001
    Significant Deficiency
  • 498199 2023-002
    Significant Deficiency
  • 498200 2023-003
    Significant Deficiency
  • 498201 2023-004
    Significant Deficiency
  • 498202 2023-005
    Significant Deficiency
  • 1074640 2023-001
    Significant Deficiency
  • 1074641 2023-002
    Significant Deficiency
  • 1074642 2023-003
    Significant Deficiency
  • 1074644 2023-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $6.45M
14.195 Section 8 Housing Assistance Payments Program $691,627
14.191 Multifamily Housing Service Coordinators $66,693