Core Issue: Inadequate documentation for cash receipts from the prior management agent.
Impacted Requirements: HUD regulations require proper maintenance of books and records.
Recommended Follow-Up: Current management should continue efforts to obtain necessary documentation to ensure complete property records.
Finding Text
Federal program - Section 202: Criteria: HUD regulations specify that management maintain adequate books and records; Condition: I was unable to test the prior management agent?s cash receipts recorded; Cause: supporting documentation for the cash receipts were not made available for testing; Effect: the property records may be incomplete; Recommendation: the current management agent should obtain the necessary documentation to support the cash receipts recorded by the prior management agent. Response: The current management agent has attempted to request the supporting documentation but has been unsuccessful.
Corrective Action Plan
The current management agent has requested supporting documentation from the prior management agent but has not received documentation as of this date.
Categories
HUD Housing ProgramsEquipment & Real Property Management