Finding Text
ALN Number: 14.157
Federal Agency: U.S. Department of Housing and Urban Development
Federal Award Number: Not applicable
Federal Award Year: January 1, 2024 - December 31, 2024
Pass-Through Entity: Not applicable
Condition and Criteria: The Corporation is required to remit security deposits to former tenants within 30 days from the move-out date.
Cause: The Corporation's processing of refund paperwork was not completed timely.
Effect: Two of the three tenant files reviewed included documentation that showed the processing of the refund occurred after the standard 30-day period.
Questioned Costs: No questioned costs were identified.
Recommendation: The Corporation should have procedures in place to ensure that annual tenant refunds are completed timely.
Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding, and is in the process of taking the necessary steps to remit security deposit refunds within 30 days
from the move-out date.