FAC Explorer

Finding 395120 (2024-002)

-
Requirement
N
Questioned Costs
$1
Year
2024
Accepted
2024-04-30
Audit: 305045
Organization: Church Street Estates Corp. (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: The August voucher had incorrect retroactive adjustments.
  • Impact: This led to an overstatement of the subsidy by $6,796, violating HUD guidelines.
  • Next Steps: Management plans to correct this in the next voucher submission.

Finding Text

Condition: The August voucher included retroactive adjustments in error; Criteria: The HUD occupancy handbook specifies the content of the vouchers; Effect: The subsidy was overstated by $6,796; Cause: Management oversight; Recommendation: Management should adjust the next voucher for the error; Management comment: Management will correct the next voucher.

Corrective Action Plan

Management will correct the next voucher

Categories

Questioned Costs HUD Housing Programs Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $500,000
14.157 Supportive Housing for the Elderly $113,325