FAC Explorer

Finding 409860 (2022-001)

- Repeat Finding
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-09-05
Audit: 311952
Organization: Holiday Drive Housing Corporation (MO)
Auditor: Ralph C Johnson & CO

AI Summary

  • Answer: $43,426 in surplus cash was not deposited as required.
  • Trend: This indicates a potential pattern of delayed deposits.
  • List: Follow up to ensure timely deposits in the future and review procedures for handling surplus cash.

Finding Text

The $43,426 of surplus cash at June 30, 2022 was not deposited into the residual receipts account within ninety days.

Corrective Action Plan

Finding No 2022-001Name of Responsible PartyFred GibbsFKGibbs Company, LLCPO Box 410312Kansas City, MO 64141Fred@fkgibbs.comM: 913.709.1811Views of Responsible Official and Corrective ActionManagement will fund residual receipts within the required timeframe going forward.Expected Date of Completion: 06/30/2023

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.36M
14.195 Section 8 Housing Assistance Payments Program $65,254