Finding 1223614 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-07-14

Audit: 407094

Organization: Mt. Zion Suburban Apartments, Inc. 073 35137 (IN)

Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

Answer: Management needs to submit all required information on time for the REAC filing.
Trend: Delays in providing information can lead to compliance issues and potential penalties.
List: Ensure timely communication, set reminders for deadlines, and verify completeness of information before submission.

Management should provide all necessary information before the REAC filing deadline.

Management will provide documentation to the auditors in a timely manner in order to complete the audit prior to the deadline.

ALN	Program Name	Expenditures
14.195	SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM	$1.02M