FAC Explorer

Finding 1163270 (2024-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
$1
Year
2024
Accepted
2025-12-02
Audit: 372786
Organization: Wingo Elderly Housing Corporation D/b/a Locust Ridge Apartments (KY)
Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

  • Issue: Financial statements for 2024 were not submitted to the REAC system on time.
  • Trend: This delay could indicate a pattern of non-compliance with filing deadlines.
  • Follow-up: Ensure timely filing in the future and review processes to prevent recurrence.

Finding Text

The audited financial statements for the year ended December 31, 2024 were not filed into the REAC system within 90 days after the year end.

Corrective Action Plan

Management will make sure the audited financial statements are filed into the REAC system 90 days after the fiscal year-end in future years.

Categories

Questioned Costs

Other Findings in this Audit

  • 1163269 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $34,760