Finding 48716 (2022-002)

Significant Deficiency

Requirement

Questioned Costs

Year

2022

Accepted

2022-10-30

Audit: 42034

Organization: Redbanks Regency Apartments, Inc. (KY)

Auditor: Miller Mayer Sullivan & Stevens LLP

AI Summary

Issue: An invoice was incorrectly paid by Redbanks Regency Apartments for goods meant for another entity.
Requirement: Invoices must be paid by the company that actually purchases and uses the goods.
Follow-up: Implement a review process for invoices before payment to confirm they are charged to the correct entity.

Finding Text

One invoice was identified as the goods were purchased for another entity, but was paid by Redbanks Regency Apartments, Inc. Criteria. Invoices should be paid by the company that purchases and uses the goods. Cause. Management made an error in processing the payment. Effect. Redbanks Regency Apartments, Inc. paid $26 for goods purchased by another entity. Recommendation. Invoices should be reviewed prior to payment to ensure that they are being paid by the proper entity.

Corrective Action Plan

Invoices are reviewed and approved prior to payment. This incidence was an oversight. The invoice improperly paid by Redbanks Regency Apartments, Inc., will be reimbursed by the appropriate entity.

Other Findings in this Audit

625158 2022-002

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$151,588