FAC Explorer

Finding 1080417 (2024-001)

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Requirement
C
Questioned Costs
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Year
2024
Accepted
2024-10-28
Audit: 326271
Organization: Victor Hernandez Building Elderly Hsg Inc. (victor Hernandez) (LA)
Auditor: Jeffrey M Maddox Certified Public Accountant

AI Summary

  • Answer: The security deposit account is underfunded, which poses a risk to compliance and financial stability.
  • Trend: This issue may indicate a pattern of inadequate funding practices that could affect future financial obligations.
  • List: Follow up by reviewing funding procedures, ensuring compliance with requirements, and addressing any discrepancies promptly.

Finding Text

The security deposit account was not fully funded.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $5.55M