FAC Explorer

Finding 1216341 (2025-002)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-06-02
Audit: 402862
Organization: CEDAR LANE SENIOR LIVING COMMUNITY, LLC (MD)
Auditor: CITRIN COOPERMAN

AI Summary

  • Core Issue: Inadequate reporting practices were identified in the management of federal awards, leading to potential compliance risks.
  • Impacted Requirements: This affects adherence to federal guidelines for financial reporting and accountability.
  • Recommended Follow-Up: Implement training for staff on proper reporting procedures and conduct regular audits to ensure compliance.

Finding Text

See detail of reporting in Finding No. 2025-003 within Section III – Federal Award Findings and Questioned Costs

Corrective Action Plan

Management concurs and subsequent to year-end the Organization notified HUD of the additional indebtedness and repaid the outstanding balance.

Categories

Reporting

Other Findings in this Audit

  • 1216340 2025-001
    Material Weakness Repeat
  • 1216342 2025-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $5.31M
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $1.82M
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $121,870