FAC Explorer

Finding 395191 (2023-001)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-04-30
Audit: 305086
Organization: Ucr of Marion, Ohio Inc. D/b/a Brownstone Terrace (OH)
Auditor: Plante & Moran PLLC

AI Summary

  • Answer: Management agrees with the findings of noncompliance for this fiscal year.
  • Trend: They are actively working to enhance internal controls to prevent future issues.
  • List: Follow up on progress by December 31, 2024, to ensure compliance improvements are implemented.

Finding Text

Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance Response Indicator - Agree Completion Date - December 31, 2024

Corrective Action Plan

The security deposit was refunded to the tenant on the 64th day subsequent to their move-out. Management has taken measures to improve internal controls over compliance related to tenant security deposit refunds.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 971633 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.01M
14.191 Multifamily Housing Service Coordinators $18,911
14.195 Section 8 Housing Assistance Payments Program $217