Finding 1972 (2023-001)

-
Requirement
B
Questioned Costs
$1
Year
2023
Accepted
2023-11-16
Audit: 3384
Organization: Elder Care Two, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: Management overcharged the fee by $2,523.
  • Requirement: Fees should be based only on actual collections, excluding uncollected rental subsidies.
  • Follow-up: Ensure management offsets the unpaid balances with the overcharge as agreed.

Finding Text

Federal program - Capital advance; Criteria - the management agreement provides for a fee based on actual collections; Condition - management overcharged the fee by $2,523; Cause - management included the rental subsidy when it was not collected; Recommendation - the management agent should offset the unpaid balances by the overcharge. Response: Management will offset the unpaid balance by the overcharge.

Corrective Action Plan

Management will offset the unpaid balance by the overcharge.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $373,688