Finding 1080413 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-28

Audit: 326263

Organization: Spruce Manor Voa Living Center, Inc. (spruce Manor) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Loans were not repaid after receiving the funds.
Trend: This issue indicates a pattern of non-repayment that could affect financial stability.
List: Follow up by reviewing loan agreements, assessing repayment processes, and implementing stricter monitoring.

Failure to repay loans once funds were received.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$1.86M