FAC Explorer

Finding 389469 (2023-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300438
Organization: Friendship Community Care, Inc. (AR)
Auditor: Landmark Plc Certified Public Accountants

AI Summary

  • Core Issue: The project failed to remit excess residual receipts over $250 per unit upon termination of the PRAC.
  • Impacted Requirements: This non-compliance violates HUD guidelines from the memorandum dated March 11, 2016.
  • Recommended Follow-Up: Management should implement controls to ensure timely and accurate remittance of excess residual receipts.

Finding Text

2023-001: Failure to remit - HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and Cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.

Corrective Action Plan

Management concurs with the auditor's findings and recommendations. The management agent is making several organizational changes to help track and monitor compliance with contracts and agreements.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 389470 2023-001
    Material Weakness
  • 389471 2023-001
    Material Weakness
  • 389472 2023-001
    Material Weakness
  • 965911 2023-001
    Material Weakness
  • 965912 2023-001
    Material Weakness
  • 965913 2023-001
    Material Weakness
  • 965914 2023-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.778 Medical Assistance Program $1.07M
10.558 Child and Adult Care Food Program $584,051
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $424,801
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $343,305
93.498 Provider Relief Fund $309,562
14.181 Supportive Housing for Persons with Disabilities $264,934
93.053 Nutrition Services Incentive Program $102,789
14.157 Supportive Housing for the Elderly $86,087
14.195 Section 8 Housing Assistance Payments Program $81,481
84.181 Special Education-Grants for Infants and Families $79,007
93.667 Social Services Block Grant $67,006
93.575 Child Care and Development Block Grant $59,350
93.658 Foster Care_title IV-E $28,555
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $24,599
21.019 Coronavirus Relief Fund $16,723
93.791 Money Follows the Person Rebalancing Demonstration $6,508
93.043 Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services $2,361