FAC Explorer

Finding 1079681 (2021-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2021
Accepted
2024-10-21
Audit: 325297
Organization: Housing Opportunities Mean Empowerment Iii, 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

  • 503236 2021-001
    Significant Deficiency
  • 503237 2021-002
    Significant Deficiency Repeat
  • 503238 2021-001
    Significant Deficiency
  • 503239 2021-002
    Significant Deficiency Repeat
  • 1079678 2021-001
    Significant Deficiency
  • 1079679 2021-002
    Significant Deficiency Repeat
  • 1079680 2021-001
    Significant Deficiency

Programs in Audit

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