FAC Explorer

Finding 501567 (2024-001)

-
Requirement
A
Questioned Costs
$1
Year
2024
Accepted
2024-10-02
Audit: 323619
Organization: El Redentor Apartments, Inc. (el Redentor Apts) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: HUD did not approve disbursements from the restricted accounts.
  • Trend: This indicates a potential pattern of non-compliance with funding regulations.
  • List: Follow up by reviewing disbursement processes and seeking necessary approvals from HUD.

Finding Text

HUD APPROVAL WAS NOT GRANTED FOR DISBURSEMENTS FROM THE RESTRICTED ACCOUNTS.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT HAS SUBMITTED THE FORMS FOR HUD'S APPROVAL.

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.69M