FAC Explorer

Finding 372113 (2023-002)

-
Requirement
A
Questioned Costs
$1
Year
2023
Accepted
2024-03-04
Audit: 293412
Organization: Voa Adirondacks Affordable Housing, LLC (adirondacks Apartments) (VA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: USDA approval was missing for withdrawals from restricted accounts.
  • Trend: This indicates a pattern of non-compliance with funding regulations.
  • Follow-up: Ensure all future disbursements have the necessary USDA approvals before processing.

Finding Text

USDA approval was not granted for disbursements from the restricted accounts.

Corrective Action Plan

Management agrees with the finding. Management will submit the forms for USDA's approval.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.415 Rural Rental Housing Loans $1.01M
14.195 Section 8 Housing Assistance Payments Program $211,592