Finding 1080405 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-28

Audit: 326240

Organization: Third Ward Voa Elderly Hsg INC (pt Bosley Estates) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Issue: The replacement reserve loan was not repaid on time.
Trend: This delay may indicate a pattern of financial management issues.
Follow-up: Review repayment processes and establish stricter timelines to prevent future delays.

Replacement reserve loan was not repaid in the required time frame.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$5.51M
14.239	Home Investment Partnerships Program	$162,500