FAC Explorer

Finding 1153700 (2022-004)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
$1
Year
2022
Accepted
2025-09-21
Audit: 366836
Organization: Vermont Seniors (CA)
Auditor: Cohnreznick LLP

AI Summary

  • Answer: The project improperly paid $4,500 in expenses for an affiliate without HUD approval.
  • Trend: This indicates a potential pattern of unauthorized financial transactions that could lead to compliance issues.
  • List: Follow up by ensuring all future expenses have proper approvals and review past transactions for compliance.

Finding Text

Condition/Context During the year ended December 31, 2022, the project paid expenses in the amount of $4,500 on behalf of an affiliate from project cash without HUD approval. The amount due to the project as of December 31, 2022 is $4,500.

Corrective Action Plan

Management should immediately reimburse the amount due to the project and establish procedures to ensure payments of this nature are not made in the future.

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

  • 1153690 2022-001
    Material Weakness Repeat
  • 1153691 2022-002
    Material Weakness Repeat
  • 1153692 2022-003
    Material Weakness Repeat
  • 1153693 2022-004
    Material Weakness Repeat
  • 1153694 2022-001
    Material Weakness Repeat
  • 1153695 2022-002
    Material Weakness Repeat
  • 1153696 2022-003
    Material Weakness Repeat
  • 1153697 2022-004
    Material Weakness Repeat
  • 1153698 2022-002
    Material Weakness Repeat
  • 1153699 2022-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $10.96M
14.157 Supportive Housing for the Elderly $591,830