FAC Explorer

Finding 1224926 (2023-006)

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

AI Summary

  • Issue: Missing invoices for 6 disbursements as of December 31, 2023.
  • Trend: This indicates a potential pattern of inadequate documentation practices.
  • Follow-up: Request the management agent to locate and submit the missing invoices promptly.

Finding Text

At December 31, 2023, the management agent was unable to provide supporting invoices for 6 disbursements.

Corrective Action Plan

Management agrees with the recommendation. Policies and procedures have been updated to make sure records are complete and accurate.

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
  • 1224924 2023-004
    Material Weakness Repeat
  • 1224925 2023-005
    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