FAC Explorer

Finding 1224924 (2023-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2026-07-29
Audit: 408175
Organization: Salem Housing Development Corporation (NE)
Auditor: DAUBY O'CONNOR & ZALESKI LLC

AI Summary

  • Answer: The Corporation missed the deadline for submitting the Data Collection Form to FAC for 2022.
  • Trend: This delay could indicate a pattern of non-compliance with submission timelines.
  • List: Follow up by reviewing submission processes and implementing reminders to ensure timely compliance in the future.

Finding Text

For the year ended December 31, 2022, the Corporation did not submit Data Collection Form to FAC within the required time period.

Corrective Action Plan

Management agrees with the recommendation and submitted the Data Collection Form to FAC. No further action is required.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1224921 2023-001
    Material Weakness Repeat
  • 1224922 2023-002
    Material Weakness Repeat
  • 1224923 2023-003
    Material Weakness Repeat
  • 1224925 2023-005
    Material Weakness Repeat
  • 1224926 2023-006
    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) $399,566