Finding 1165737 (2025-002)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2025-12-19

Audit: 376523

Organization: McAullife Apartments, Inc. (TN)

Auditor: TARWATER & COMPANY PC

AI Summary

Issue: There was an unauthorized withdrawal of $5,600 from residual receipts.
Trend: Management acknowledges the issue and is actively addressing it.
Follow-up: Monitor the situation to ensure resolution and compliance moving forward.

Finding Text

S3900-010 Finding Reference Number 2023-02 S3900-020 Status Indicator Not cleared S3900-030 Statement of Condition for Previous Finding Unauthorized withdrawal from residual receipts of $5,600. S3900-040 Previous Response for Finding Concur S3900-050 Narrative Management is aware of this matter and it is ongoing.

Corrective Action Plan

Management agrees with the finding will take action to implement the recommendation as soon as cash flow allows.

Other Findings in this Audit

1165734 2025-001

Material Weakness Repeat
1165735 2025-001

Material Weakness Repeat
1165736 2025-002

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.181	SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES	$95,126