Finding 1169217 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-01-15

Audit: 382119

Organization: Montbello Voa Elderly Housing, Inc. (montbello Manor) (LA)

Auditor: MADDOX & ASSOCIATES APC

AI Summary

Issue: Disbursements from restricted accounts were made without HUD approval.
Trend: This could indicate a pattern of non-compliance with funding regulations.
Follow-up: Review all recent disbursements and ensure proper approvals are obtained moving forward.

HUD APPROVAL WAS NOT GRANTED FOR DIBURSEMENTS FROM THE RESTRICTED ACCOUNTS.

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT WILL PLACE THE FUNDS BACK IN THE RESTRICTED ACCOUNT.

ALN	Program Name	Expenditures
14.157	SUPPORTIVE HOUSING FOR THE ELDERLY	$6.21M
14.239	HOME INVESTMENT PARTNERSHIPS PROGRAM	$500,000