FAC Explorer

Finding 502426 (2024-001)

Material Weakness
Requirement
A
Questioned Costs
$1
Year
2024
Accepted
2024-10-10
Audit: 324428
Organization: Aspen Place Voa Elderly Housing, Inc. (aspen Place) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Disbursements from restricted accounts were made without HUD approval.
  • Trend: This indicates a potential pattern of non-compliance with HUD regulations.
  • List: Follow up by ensuring all future disbursements receive proper HUD approval.

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

  • 1078868 2024-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4.58M