Finding Text
S3800-010 Finding reference number - 2022-001; S3800-011 Title and AL number of federal program - Supportive Housing for the Elderly, AL # 14.157; S3800-015 Type of finding - Federal Award Finding; S3800-016 Finding Resolution status Resolved; S3800-017 Information on universe population size - not applicable; S3800-018 Sample size information - not applicable; S3800-019 Identification of repeat finding and finding reference number - not applicable; S3800-020 Criteria - The Regulatory Agreement requires the deposit due residual receipts as determined by the "Computation of Surplus Cash, Distributions and Residual Receipts" to be made within 90 days of year-end in a separate bank account for Residual Receipts. S3800-030 Statement of condition - The Project did not make the required deposit to the residual receipt account per the Regulatory Agreement.; S3800-035 Auditor non-compliance code - B - Failure to Make Required Residual Receipts Deposits; S3800-037 FHA/Contract number - 073-EE034; S3800-040 Questioned costs - $33,543; S3800-045 Reporting views of responsible officials - Management concurs with the auditors' recommendation and has made the necessary deposit and the residual receipts is currently funded based on the requirements of the Regulatory Agreement.; S3800-080 Recommendation - Management should monitor internal controls over compliance.; S3800-090 Auditors' summary of the auditee's comments on the findings and recommendations - Management agrees and has made the necessary deposit after year-end.; S3800-130 Response indicator - Agree; S3800-140 Anticipated Completion Date - Completed (9/16/2022); S3800-150 Response - Concurs.