Finding 1206024 (2025-001)

Material Weakness Repeat Finding
Requirement
G
Questioned Costs
-
Year
2025
Accepted
2026-04-07
Audit: 397837
Organization: The Russell House, INC (VA)

AI Summary

  • Issue: The auditor-certified REAC was submitted 57 days late, beyond the 90-day deadline.
  • Requirement: REAC must be submitted within 90 calendar days after the report issuance.
  • Follow-up: Ensure future submissions of the auditor-certified REAC are made on time, within the 90-day window.

Finding Text

Condition The auditor-certified REAC was submitted more than 90 calendar days after fiscal year end. Criteria The auditor-certified REAC must be submitted no later than 90 calendar days after the date of the report issuance. Cause The auditor-certified REAC was not submitted until May 27, 2025, which was 57 days after the deadline. Effect The auditor-certified REAC was not submitted timely. Recommendation We recommend the auditor-certified REAC be submitted less than 90 days after fiscal year end.

Corrective Action Plan

Management has implemented checklists to ensure that the REAC is submitted timely in the future

Categories

No categories assigned yet.

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $2.48M
14.856 LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION $1.43M