FAC Explorer

Finding 1079677 (2021-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2021
Accepted
2024-10-21
Audit: 325296
Organization: Housing Opportunities Mean Empowerment Two, INC (IL)
Auditor: Haran & Associates LTD

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

  • 503232 2021-001
    Significant Deficiency
  • 503233 2021-002
    Significant Deficiency Repeat
  • 503234 2021-001
    Significant Deficiency
  • 503235 2021-002
    Significant Deficiency Repeat
  • 1079674 2021-001
    Significant Deficiency
  • 1079675 2021-002
    Significant Deficiency Repeat
  • 1079676 2021-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $5.85M