FAC Explorer

Finding 1140230 (2024-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-06-04
Audit: 357998
Organization: Stonegate Housing, Ltd. (TX)
Auditor: Novogradac & Company LLP

AI Summary

  • Answer: The entity lacks necessary written policies and procedures.
  • Trend: This is a recurring issue affecting compliance with federal regulations.
  • List: Recommend developing and implementing required documentation to meet 2 CFR Part 200 standards.

Finding Text

Entity 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.

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $11.98M