Finding 1240672 (2025-003)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-10-19

Audit: 415065

Organization: Booth Manor, Inc. (IN)

Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

Answer: Withdrawals from the replacement reserve occurred without necessary HUD approval.
Trend: This practice could lead to compliance issues and potential financial penalties.
List: Ensure all future withdrawals are approved by HUD to avoid similar issues.

Finding Text

Withdrawals from the replacement reserve were made without HUD approval.

Corrective Action Plan

Management will obtain retroactive approval for the unauthorized withdrawals of $30,453 or redeposit these funds into the replacement reserve account.

Other Findings in this Audit

1240670 2025-001

Material Weakness Repeat
1240671 2025-002

Material Weakness Repeat
1240673 2025-004

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.157	SUPPORTIVE HOUSING FOR THE ELDERLY	$256,407