FAC Explorer

Finding 1152511 (2021-006)

Material Weakness
Requirement
C
Questioned Costs
$1
Year
2021
Accepted
2025-09-09
Audit: 365960
Organization: Salem Housing Development Corporation (NE)
Auditor: Dauby O'Connor & Zaleski LLC

AI Summary

  • Answer: The Corporation missed required deposits to the reserve fund totaling $156.
  • Trend: This issue occurred over a six-month period from July to December 2021.
  • List: Follow up by ensuring all future deposits are made on time and review the deposit process for compliance.

Finding Text

The Corporation did not make all of the required deposits to the reserve for replacements fund for the months of July 1, 2021 through December 31, 2021 in the amount of $156.

Categories

Questioned Costs

Other Findings in this Audit

  • 576064 2021-002
    Material Weakness Repeat
  • 576065 2021-005
    Material Weakness Repeat
  • 576066 2021-004
    Material Weakness Repeat
  • 576067 2021-003
    Material Weakness Repeat
  • 576068 2021-001
    Material Weakness Repeat
  • 576069 2021-006
    Material Weakness
  • 1152506 2021-002
    Material Weakness Repeat
  • 1152507 2021-005
    Material Weakness Repeat
  • 1152508 2021-004
    Material Weakness Repeat
  • 1152509 2021-003
    Material Weakness Repeat
  • 1152510 2021-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.78M
14.195 Project-Based Rental Assistance (pbra) $380,233