FAC Explorer

Finding 11518 (2023-002)

- Repeat Finding
Requirement
G
Questioned Costs
$1
Year
2023
Accepted
2024-02-02
Audit: 15355
Organization: El Redentor Apartments, Inc. (el Redentor Apts) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Funds meant for one project were incorrectly spent on another project.
  • Trend: This misuse of funds could indicate a pattern of poor financial management.
  • List: Review project budgets, ensure proper fund allocation, and implement stricter oversight on expenses.

Finding Text

Project funds were used to pay expenses of another project.

Corrective Action Plan

Management agrees with the finding. The funds will be reimbursed in the amounts of $932.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.69M