Finding Text
Repeat Finding: No; Program Name/CFDA Title: Mortgage Insurance for Hsopitals; CFDA Number: 14.128; Federal Agency: U.S. Department of Housing and Urban Development; Type of Finding: Noncompliance, Significant Deficiency; Compliance Requirement: Cash Disbursements; Condition: The Organization has amount due from affiliate of $49,386 over 90 days old as of September 30, 2022; Criteria: Payment for any service provided to an affiliate must be received within 90 days; Cause: The Hospital has an amount due from Bayside Village over 90 days old as of year-end due to cashflow issues at Bayside Village; Effect: The Organization is not incompliance with federal regulations and guidelines; Recommendation: Management should implement controls that provide reasonable assurance that payments for any service provided to an affiliate is received within 90 days; View of Responsible Officials: Management will implement a process to ensure that payments for any service provided to an affiliate are reimbursed within 90 days.