Finding 1143505 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-06-25

AI Summary

  • Answer: The project failed to remit excess residual receipts over $250 per unit after terminating the PRAC.
  • Trend: This issue indicates a pattern of non-compliance with HUD guidelines, specifically the memorandum from March 11, 2016.
  • List: Management should implement controls to ensure timely and accurate remittance of residual receipts.

Finding Text

2024-001: Failure to remit – HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 567058 2024-001
    Material Weakness Repeat
  • 567059 2024-001
    Material Weakness Repeat
  • 567060 2024-001
    Material Weakness Repeat
  • 567061 2024-001
    Material Weakness Repeat
  • 567062 2024-001
    Material Weakness Repeat
  • 567063 2024-001
    Material Weakness Repeat
  • 567064 2024-001
    Material Weakness Repeat
  • 567065 2024-001
    Material Weakness Repeat
  • 567066 2024-002
    Material Weakness
  • 567067 2024-002
    Material Weakness
  • 567068 2024-003
    Material Weakness
  • 567069 2024-003
    Material Weakness
  • 567070 2024-003
    Material Weakness
  • 567071 2024-003
    Material Weakness
  • 567072 2024-003
    Material Weakness
  • 567073 2024-003
    Material Weakness
  • 567074 2024-003
    Material Weakness
  • 567075 2024-003
    Material Weakness
  • 567076 2024-003
    Material Weakness
  • 567077 2024-003
    Material Weakness
  • 567078 2024-003
    Material Weakness
  • 567079 2024-003
    Material Weakness
  • 567080 2024-003
    Material Weakness
  • 567081 2024-003
    Material Weakness
  • 567082 2024-003
    Material Weakness
  • 567083 2024-003
    Material Weakness
  • 567084 2024-003
    Material Weakness
  • 567085 2024-003
    Material Weakness
  • 567086 2024-003
    Material Weakness
  • 567087 2024-003
    Material Weakness
  • 567088 2024-003
    Material Weakness
  • 567089 2024-003
    Material Weakness
  • 1143500 2024-001
    Material Weakness Repeat
  • 1143501 2024-001
    Material Weakness Repeat
  • 1143502 2024-001
    Material Weakness Repeat
  • 1143503 2024-001
    Material Weakness Repeat
  • 1143504 2024-001
    Material Weakness Repeat
  • 1143506 2024-001
    Material Weakness Repeat
  • 1143507 2024-001
    Material Weakness Repeat
  • 1143508 2024-002
    Material Weakness
  • 1143509 2024-002
    Material Weakness
  • 1143510 2024-003
    Material Weakness
  • 1143511 2024-003
    Material Weakness
  • 1143512 2024-003
    Material Weakness
  • 1143513 2024-003
    Material Weakness
  • 1143514 2024-003
    Material Weakness
  • 1143515 2024-003
    Material Weakness
  • 1143516 2024-003
    Material Weakness
  • 1143517 2024-003
    Material Weakness
  • 1143518 2024-003
    Material Weakness
  • 1143519 2024-003
    Material Weakness
  • 1143520 2024-003
    Material Weakness
  • 1143521 2024-003
    Material Weakness
  • 1143522 2024-003
    Material Weakness
  • 1143523 2024-003
    Material Weakness
  • 1143524 2024-003
    Material Weakness
  • 1143525 2024-003
    Material Weakness
  • 1143526 2024-003
    Material Weakness
  • 1143527 2024-003
    Material Weakness
  • 1143528 2024-003
    Material Weakness
  • 1143529 2024-003
    Material Weakness
  • 1143530 2024-003
    Material Weakness
  • 1143531 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.778 Medical Assistance Program $1.02M
10.558 Child and Adult Care Food Program $633,691
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $615,090
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $553,749
93.596 Child Care Mandatory and Matching Funds of the Child Care and Development Fund $243,277
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $183,140
84.181 Special Education-Grants for Infants and Families $131,289
93.053 Nutrition Services Incentive Program $123,225
93.575 Child Care and Development Block Grant $92,790
14.195 Section 8 Housing Assistance Payments Program $89,853
93.667 Social Services Block Grant $85,945
14.181 Supportive Housing for Persons with Disabilities $40,490
14.157 Supportive Housing for the Elderly $33,896
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $30,815
93.658 Foster Care_title IV-E $24,006
93.791 Money Follows the Person Rebalancing Demonstration $7,675
93.043 Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services $6,516