FAC Explorer

Finding 22905 (2022-002)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-06
Audit: 19928
Organization: Virginia Place Apartments INC (LA)
Auditor: Johnson Perry Roussel & Cuthbert LLP

AI Summary

  • Core Issue: Monthly HAP payments were not deposited on time from November 2021 to June 2022.
  • Impacted Requirements: Timely deposits into the operating account were not met due to personnel changes affecting compliance.
  • Recommended Follow-Up: Management should monitor HAP request compliance closely to ensure timely deposits in the future.

Finding Text

2022-002 HUD Section 811 Capital Advance #14.181 Criteria: Rent and HAP payments are to be deposited monthly into the operating account. Condition: The Project did not receive and deposit its monthly HAP payments from November 2021 to June 2022 in a timely manner. Cause: There was a change in personnel submitting the HAP requests and did not meet the required compliance rate. Effect: The Project was not able to meet its cash flow needs timely. Questioned Costs: N/A Other Information: Eight of twelve HAP payments were not received timely. This was not a repeat finding. Recommendation: The Management Agent should closely monitor the compliance over HAP requests to ensure that the HAP deposits are received timely. Response: Management agrees with the finding and corrected the compliance issue and received the delinquent HAP funds in July 2022.

Corrective Action Plan

A. Comments on Findings and Recommendations 2022-002 Management agrees that the Project did not receive and deposit its monthly HAP payments from November 2021 to June 2022 in a timely manner. B. Actions Taken or Planned 2022-002 Management corrected the compliance issues and received the delinquent HAP funds in July 2022. C. Status of Corrective Actions on Prior Findings N/A D. Anticipated Completion Date 2022-001 September 20, 2022. 2022-002 July 31, 2022. E. Contact Person Veronica Glover 2924 Knight ST #326 Shreveport, LA 71105 318-865-1422

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $903,700
14.195 Section 8 Housing Assistance Payments Program $78,510