FAC Explorer

Finding 16395 (2022-001)

-
Requirement
N
Questioned Costs
$1
Year
2022
Accepted
2023-05-10
Audit: 23155
Organization: St. George's Senior Housing, Inc. (TX)
Auditor: M Group LLP

AI Summary

  • Answer: The Company failed to make required monthly deposits into the replacement reserve account.
  • Trend: This oversight has led to an underfunded account, violating HUD regulatory agreements.
  • List: Follow up by ensuring monthly deposits are made to avoid further violations and address the questioned cost of $2,721.

Finding Text

Finding #2022-001: Supportive Housing for the Elderly, CFDA 14.157 and Section 8 Housing Assistance Payments Program, CFDA 14.195 Condition: The Company made nine deposits into the replacement reserve account. Criteria: The HUD regulatory agreement requires monthly deposits into the replacement reserve account. Effect: Replacement reserve account is underfunded and the Company is in violation of its Regulatory Agreement. Questioned Cost: $2,721 Cause: Oversight

Corrective Action Plan

CORRECTIVE ACTION PLAN Name and Number of the Project: St. George?s Senior Housing, Inc. No. 115-EH057 Audit Firm: M Group, LLP Audit Period: The year ended September 30, 2022 Compliance Review A. COMMENTS ON FINDINGS AND RECOMMENDATIONS We concur with the findings and recommendations of our auditors regarding our noncompliance as cited in the accompanying Schedule of Findings and Questioned Costs. ACTIONS TAKEN

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $485,341
14.195 Section 8 Housing Assistance Payments Program $418,268
14.191 Multifamily Housing Service Coordinators $55,158