FAC Explorer

Finding 1089001 (2019-004)

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Requirement
N
Questioned Costs
-
Year
2019
Accepted
2024-12-02
Audit: 330378
Organization: Saraland Manor, Inc. (MS)
Auditor: Alford & Rambaran LLC

AI Summary

  • Answer: Surplus cash from 2019 was not deposited on time.
  • Trend: This delay could indicate ongoing issues with cash management practices.
  • List: Ensure timely deposits in the future and review cash handling procedures.

Finding Text

Surplus cash as of December 31, 2019 was not deposited into the Project's residual receipts account within 90 days after year end.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $5.88M
14.151 Supplemental Loan Insurance Multifamily Rental Housing $2.29M
14.195 Project-Based Rental Assistance (pbra) $888,758