Finding Text
S3800-010 Finding reference number 2024-001
S3800-011 Title and AL number of federal program Supportive Housing for the Elderly #14.157
S3800-015 Type of finding Federal Award Finding
S3800-016 Finding resolution status In Process
S3800-017 Information on universe population not applicable
S3800-018 Sample information not applicable
S3800-019 Identification of repeat finding and finding reference number Repeat finding 2023-001
S3800-020 Criteria The Regulatory Agreement between HUD and the owner stipulates that project funds may be used only for expenses that are reasonable and necessary to the operation of the project.
S3800-030 Statement of condition The Organization repaid funds on a surplus cash note in fiscal year 2023 when the project was not in a surplus cash position without HUD approval.
S3800-032 Cause Management did not track that the obligation was payable only from surplus cash.
S3800-033 Effect or potential effect Cash may be unavailable to meet reasonable and necessary obligations of the project.
S3800-035 Auditor non-compliance code H - Unauthorized distribution of project assets
S3800-040 Questioned costs $14,684
S3800-037 Property associated with the finding 034EE104
S3800-038 Questioned costs $14,684
S3800-045 Reporting views of responsible officials Management agrees
S3800-080 Recommendation Management should monitor internal controls over compliance and
receive HUD approval before approving future repayment of surplus cash notes.
S3800-090 Auditors' Summary of the Auditee's Comments on the Findings and Recommendations Management agrees
S3800-130 Response indicator Agreed
S3800-140 Anticipated Completion Date 12/31/2024
S3800-150 Response Management is working to repay the funds to the project