FAC Explorer

Finding 1079669 (2020-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2020
Accepted
2024-10-21
Audit: 325294
Organization: Housing Opportunities Mean Empowerment Iii, Inc. (IL)
Auditor: Hara

AI Summary

  • Answer: Management raised the fidelity bond insurance coverage to $150,000 in July 2022.
  • Trend: This increase reflects a proactive approach to risk management.
  • List: Ensure all relevant documentation is updated to reflect the new coverage amount.

Finding Text

Cleared - During July 2022, management increased the fidelity bond insurance coverage to $150,000.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 503224 2020-001
    Significant Deficiency
  • 503225 2020-002
    Significant Deficiency
  • 503226 2020-001
    Significant Deficiency
  • 503227 2020-002
    Significant Deficiency
  • 1079666 2020-001
    Significant Deficiency
  • 1079667 2020-002
    Significant Deficiency
  • 1079668 2020-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $9.53M