FAC Explorer

Finding 1173981 (2022-005)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2026-02-17
Audit: 387627
Organization: Salem Housing Development Corporation (NE)
Auditor: DAUBY O'CONNOR & ZALESKI LLC

AI Summary

  • Issue: Missing invoice for one disbursement as of December 31, 2022.
  • Trend: This raises concerns about documentation practices and financial oversight.
  • Follow-up: Request the missing invoice and review procedures to prevent future occurrences.

Finding Text

At December 31, 2022, the management agent was unable to provide supporting invoice for 1 disbursement.

Corrective Action Plan

Management agrees with the recommendation. Policies and procedures have been updated to make sure records are complete and accurate.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1173977 2022-001
    Material Weakness Repeat
  • 1173978 2022-002
    Material Weakness Repeat
  • 1173979 2022-003
    Material Weakness Repeat
  • 1173980 2022-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $1.67M
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $383,307