FAC Explorer

Finding 1074687 (2024-001)

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Requirement
C
Questioned Costs
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Year
2024
Accepted
2024-09-25
Audit: 321000
Organization: Allies Homes 2009, Inc. (NJ)
Auditor: Mercadien PC Certified Public Accountants

AI Summary

  • Answer: The Organization did not keep funds in an interest-bearing account, resulting in no interest earned.
  • Trend: This practice may lead to lost revenue opportunities over time.
  • List: Consider moving funds to an interest-bearing account to maximize earnings.

Finding Text

The Organization failed to hold funds in an interest-bearing account. No interest was earned during the year.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $30,849