FAC Explorer

Finding 1113881 (2020-002)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
$1
Year
2020
Accepted
2025-03-26
Audit: 348643
Organization: Salem Housing Development Corporation (NE)
Auditor: Dauby O'Connor & Zaleski LLC

AI Summary

  • Answer: The Corporation missed a deposit of $76,571 to the residual receipts fund.
  • Trend: This indicates a potential pattern of non-compliance with financial obligations.
  • List: Follow up by reviewing past deposits and ensuring future compliance with fund requirements.

Finding Text

The Corporation did not make the required deposit to the residual receipts fund in the amount of $76,571.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

  • 537438 2020-001
    Material Weakness Repeat
  • 537439 2020-002
    Material Weakness Repeat
  • 537440 2020-003
    Material Weakness Repeat
  • 537441 2020-004
    Material Weakness Repeat
  • 537442 2020-005
    Material Weakness Repeat
  • 1113880 2020-001
    Material Weakness Repeat
  • 1113882 2020-003
    Material Weakness Repeat
  • 1113883 2020-004
    Material Weakness Repeat
  • 1113884 2020-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.83M
14.195 Project-Based Rental Assistance (pbra) $369,472