FAC Explorer

Finding 1093582 (2023-001)

-
Requirement
N
Questioned Costs
$1
Year
2023
Accepted
2024-12-30
Audit: 335032
Organization: Metro Plaza Apartments Inc. (NY)
Auditor: Davidson Fox & Company LLP

AI Summary

  • Answer: Security deposits were not refunded on time in 2023.
  • Trend: This issue indicates a pattern of delays beyond the 30-day requirement.
  • List: Follow up by reviewing refund processes and implementing a tracking system to ensure compliance.

Finding Text

During 2023, the property was not consistently refunding security deposits within a 30-day time frame.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.182 Section 8 New Construction and Substantial Rehabilitation $1.34M