FAC Explorer

Finding 496354 (2024-001)

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Requirement
B
Questioned Costs
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Year
2024
Accepted
2024-09-10
Audit: 319240
Organization: Rouquette III (rouquette Lodge Iii) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Surplus cash was not deposited into the designated residual receipts account.
  • Trend: This issue indicates a recurring problem with cash handling and deposit procedures.
  • List: Review cash management practices, ensure proper training for staff, and implement regular audits to prevent future occurrences.

Finding Text

SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNT IS PROPERLY FUNDED IN THE FUTURE.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4.17M