FAC Explorer

Finding 1078891 (2024-002)

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Requirement
C
Questioned Costs
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Year
2024
Accepted
2024-10-10
Audit: 324466
Organization: Montrose Voa Elderly Housing Iii, INC (cimarron Village) (VA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: Surplus cash was not deposited into the Residual Receipts account.
  • Trend: This could lead to cash management problems and affect financial reporting accuracy.
  • Follow-up: Ensure regular deposits of surplus cash and review procedures for compliance.

Finding Text

Surplus cash was not deposited into the Residual Receipts account.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4.39M
14.218 Community Development Block Grants/entitlement Grants $571,696