FAC Explorer

Finding 1079720 (2023-001)

- Repeat Finding
Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2024-10-21
Audit: 325367
Organization: Wingo Elderly Housing Corporation D/b/a Locust Ridge Apartments (KY)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: Surplus cash was not deposited on time.
  • Trend: This issue indicates a pattern of delayed deposits.
  • List: Ensure timely deposits to the residual receipts account moving forward.

Finding Text

Surplus cash was not deposited into a residual receipts account within 90 days of year-end.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $33,355