FAC Explorer

Finding 1236919 (2024-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2026-09-28
Audit: 412359
Organization: St. Luke Residential Health Care Facility, Inc. (NY)
Auditor: BONADIO & CO LLP

AI Summary

  • Core Issue: The Annual Financial Statement submission was not filed on time.
  • Impacted Requirements: The submission is required annually to comply with Section 241 and Assistance Listing #14.151.
  • Recommended Follow-up: Ensure timely completion of audit engagements to meet submission deadlines in the future.

Finding Text

Finding 2024-002 - Section 241 - Supplemental Loan Insurance - Multifamily Rental Housing, Assistance Listing #14.151 Criteria: The Annual Financial Statement, AUD-OMB submission is due annually. Condition: The Annual Financial Statement, Electronic Submission to U.S. Department of Housing and Urban Development, Public Indian Housing – Real Estate Assessment Center (PIH-REAC), AUD-OMB submission was not filed timely. Cause: The timing of completion of the audit engagement did not allow for the AUD-OMB submission to be filed by the required due date. Effect: The report was submitted after the due date.

Corrective Action Plan

Management agrees with the recommendation and expects the submission will be filed timely beginning in calendar year 2026.

Categories

Matching / Level of Effort / Earmarking

Programs in Audit

ALN Program Name Expenditures
14.151 SUPPLEMENTAL LOAN INSURANCE MULTIFAMILY RENTAL HOUSING $565,367
93.498 PROVIDER RELIEF FUND AND AMERICAN RESCUE PLAN (ARP) RURAL DISTRIBUTION $328,718
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $74,990
10.558 CHILD AND ADULT CARE FOOD PROGRAM $4,587