Finding 1181891 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-03-23

AI Summary

  • Issue: Delays in depositing funds into the residual receipts reserve are occurring.
  • Trend: This has been a recurring problem, affecting financial tracking and compliance.
  • Recommendation: Implement stricter timelines and monitoring to ensure timely deposits moving forward.

Finding Text

Controls over timely deposit to the residual receipts reserve

Corrective Action Plan

Management agrees with the finding and will implement procedures to ensure that the deposit is submitted timely in the future. Management submitted the residual receipts deposit in the required amount on the completion date listed below, and thus the finding is considered cleared.

Categories

Cash Management HUD Housing Programs

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $106,525