FAC Explorer

Finding 1096339 (2024-002)

-
Requirement
C
Questioned Costs
$1
Year
2024
Accepted
2025-01-22
Audit: 339226
Organization: Spruce Landing Housing Corporation (MO)
Auditor: Ralph C Johnson & CO PC

AI Summary

  • Answer: $9,175 in surplus cash was not deposited on time.
  • Trend: This indicates a recurring issue with timely deposits at fiscal year-end.
  • List: Ensure deposits are made within 90 days; review procedures for cash handling; monitor compliance regularly.

Finding Text

The $9,175 of surplus cash at June 30, 2024 was not deposited into the residual receipts account within ninety days of the Project’s fiscal year-end.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.62M
14.195 Project-Based Rental Assistance (pbra) $102,758