FAC Explorer

Finding 1079465 (2024-001)

-
Requirement
C
Questioned Costs
-
Year
2024
Accepted
2024-10-16
Audit: 324982
Organization: Delta Voa Elderly Housing, INC (heaven's View Apts) (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 $3.09M
14.314 Assisted Living Conversion for Eligible Multifamily Housing Projects $1.19M
14.218 Community Development Block Grants/entitlement Grants $321,000