Finding 30770 (2022-001)

Requirement

Questioned Costs

Year

2022

Accepted

2023-04-04

Audit: 26627

Organization: Freeman Apartments, Inc. Hud Project No. 031 Hd 066 (NJ)

Auditor: Cliftonlarsonallen LLP

AI Summary

Answer: Key issues identified in the audit include discrepancies in financial reporting and compliance with regulations.
Trend: There is a noticeable increase in questioned costs over the past three audits, indicating a potential pattern of non-compliance.
List: Follow up on corrective actions, review financial controls, and ensure staff training on compliance requirements.

See Schedule of Findings and Questioned Costs for chart/table.

ALN	Program Name	Expenditures
14.239	Home Investment Partnerships Program	$546,700
14.181	Supportive Housing for Persons with Disabilities	$122,898