FAC Explorer

Finding 382329 (2023-002)

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Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-20
Audit: 296026
Organization: Lbb Corp. (RI)
Auditor: D'ambra CPA

AI Summary

  • Answer: Tenant assets were not verified in both files reviewed.
  • Trend: This oversight indicates a potential pattern of incomplete tenant income certifications.
  • List: Management should verify tenant assets and ensure staff follow the provided checklist for accuracy.

Finding Text

Federal program - Section 202: Criteria - HUD handbook 4350 specifies the nature and content of tenant income certifications; Condition - tenant assets were not verified (2 of 2 files tested); Cause - management oversight; Recommendation - management should verify the assets to determine if the tenant portion of the rent should change and staff should follow the checklist provided to ascertain all items are complete and the files are accurate. Response:

Corrective Action Plan

Finding 2023-002: tenant assets not verified as part of recertification. Corrective action plan: management will make every effort that recertifications are complete and accurate in the future.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $300,000
14.157 Supportive Housing for the Elderly $140,153