FAC Explorer

Finding 1090803 (2023-001)

Significant Deficiency Repeat Finding
Requirement
A
Questioned Costs
$1
Year
2023
Accepted
2024-12-16
Audit: 332653
Organization: The Hearth Foundation INC (TX)
Auditor: Michael Ahart CPA

AI Summary

  • Answer: Management took out $12,500 from the escrow account with HUD's approval.
  • Trend: This action aligns with previous withdrawals that were also approved by HUD.
  • List: Ensure future withdrawals continue to have proper documentation and HUD approval.

Finding Text

Management withdrew $12,500 from its residual receipts escrow account with prior HUD written approval

Categories

Questioned Costs HUD Housing Programs Cash Management

Other Findings in this Audit

  • 514361 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.01M
14.195 Project-Based Rental Assistance (pbra) $78,231