FAC Explorer

Finding 503278 (2023-001)

- Repeat Finding
Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2024-10-21
Audit: 325367
Organization: Wingo Elderly Housing Corporation D/b/a Locust Ridge Apartments (KY)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: Surplus cash was not deposited on time.
  • Trend: This issue indicates a pattern of delayed deposits.
  • List: Ensure timely deposits to the residual receipts account moving forward.

Finding Text

Surplus cash was not deposited into a residual receipts account within 90 days of year-end.

Corrective Action Plan

Management will deposit required amounts.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $33,355