Finding 1148771 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2025-07-30

Audit: 363367

Organization: Lewisburg Public Housing, Inc. (IN)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: The financial statements for the year ended March 31, 2024, were submitted late.
Trend: This delay indicates a potential pattern of non-compliance with submission timelines.
List: Follow up by ensuring timely submission of future financial statements and reviewing processes to prevent recurrence.

The Organization’s audited financial statements for the year-ended March 31, 2024, were not submitted to RD within 90-days after year-end.

ALN	Program Name	Expenditures
10.415	Rural Rental Housing Loans	$954,929
10.427	Rural Rental Assistance Payments	$88,622