FAC Explorer

Finding 1240668 (2025-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-10-19
Audit: 415063
Organization: Booth Manor Inc. of Columbus, Indiana (IN)
Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

  • Answer: The Corporation must submit audited financial statements to the REAC system.
  • Trend: This requirement is consistent with HUD's regulations for timely financial reporting.
  • List: Ensure statements are filed within 90 days after year-end to remain compliant.

Finding Text

HUD requires the Corporation to file the audited financial statements to the REAC system within 90 days after year-end.

Corrective Action Plan

Management will ensure the financial statements are submitted to REAC within 90 days of year-end.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1240667 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $16,977