FAC Explorer

Finding 477955 (2023-001)

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Requirement
C
Questioned Costs
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Year
2023
Accepted
2024-07-09
Audit: 314655
Organization: Timberlawn Place, Inc. (TN)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: The project failed to send excess residual receipts to HUD.
  • Trend: This issue indicates a pattern of non-compliance with financial reporting requirements.
  • List: Follow up by ensuring timely remittance of funds and reviewing compliance procedures.

Finding Text

THE PROJECT DID NOT REMIT EXCESS RESIDUAL RECEIPTS TO HUD.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE EXCESS FUNDS WERE ACCRUED TO SUBMIT TO HUD.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.40M