FAC Explorer

Finding 501644 (2024-001)

-
Requirement
H
Questioned Costs
$1
Year
2024
Accepted
2024-10-02
Audit: 323673
Organization: Neary Lagoon Senior Housing, Inc. (CA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: The project issued unauthorized payments totaling $121,371 for owner advances.
  • Trend: This indicates a potential pattern of non-compliance with payment protocols.
  • Follow-up: Review payment processes and implement stricter controls to prevent future unauthorized transactions.

Finding Text

THE PROJECT MADE UNAUTHORIZED PAYMENTS OF OWNER ADVANCES IN THE AMOUNT OF $121,371.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT WILL ENSURE THAT HUD'S APPROVAL IS OBTAINED IN THE FUTURE.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.195 Section 8 Housing Assistance Payments Program $779,681
14.182 Section 8 New Construction and Substantial Rehabilitation $95,224