FAC Explorer

Finding 1136523 (2024-001)

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Requirement
P
Questioned Costs
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Year
2024
Accepted
2025-05-12
Audit: 356043
Organization: Five Mile Flats, LLC (TX)
Auditor: Novogradac & Company LLP

AI Summary

  • Core Issue: The Organization lacks necessary written policies and procedures.
  • Impacted Requirements: This affects compliance with federal regulations under 2 CFR Part 200.
  • Recommended Follow-Up: Develop and implement the required policies and standards of conduct.

Finding Text

The Organization does not have written policies, procedures, and standards of conduct required by 2 Code of Federal Regulations, Part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D - Post Federal Award Requirements and Subpart E - Cost Principles.

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $5.56M