FAC Explorer

Finding 1078087 (2024-002)

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Requirement
B
Questioned Costs
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Year
2024
Accepted
2024-10-02
Audit: 323673
Organization: Neary Lagoon Senior Housing, Inc. (CA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Surplus cash was not deposited in the residual receipts account on time.
  • Trend: This delay indicates a potential pattern of non-compliance with deposit timelines.
  • List: Follow up by reviewing deposit procedures and ensuring timely deposits moving forward.

Finding Text

SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT WITHIN 90 DAYS.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.195 Section 8 Housing Assistance Payments Program $779,681
14.182 Section 8 New Construction and Substantial Rehabilitation $95,224