Finding 1140247 (2023-004)

Significant Deficiency
Requirement
LN
Questioned Costs
-
Year
2023
Accepted
2025-06-04
Audit: 358013
Organization: Taylor Regional Hospital, Inc. (GA)

AI Summary

  • Answer: The Reserve Account for the USDA loan was underfunded at year-end.
  • Trend: Cash flow issues impacted the ability to meet funding requirements.
  • List: The Hospital needs to fund the Reserve Account to the required level of $293,362 as soon as possible.

Finding Text

2023-004 - Significant Deficiency Federal agency: U.S. Department of Agriculture (USDA): Rural Development Federal program title: Community Facilities Loans and Grants Assistance Listing No.: 10.766 Condition: The Reserve Account was underfunded at year-end. Criteria: The USDA loan requires $29,366 be set aside into a Reserve Account annually until there is $293,362 accumulated. Cause: Cash flow issues near year-end did not allow for proper funding in the Reserve Account. Effect: The Hospital was in compliance with the terms of the USDA loan. Recommendation: The Hospital should immediately fund the Reserve Account to the proper funding level required by the USDA loan. Views of Responsible Officials: See management's corrective action plan: 2023-002

Categories

Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 563805 2023-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
93.498 Provider Relief Fund $1.80M
10.766 Community Facilities Loans and Grants $1.47M
93.697 Covid-19 Testing for Rural Health Clinics $332,668
93.155 Rural Health Research Centers $91,081
93.301 Small Rural Hospital Improvement Grant Program $7,300