FAC Explorer

Finding 503279 (2023-002)

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Requirement
P
Questioned Costs
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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

  • Issue: Financial statements for the period ending December 31, 2023, were not submitted on time.
  • Trend: This delay indicates a potential pattern of non-compliance with filing deadlines.
  • Follow-up: Ensure timely filing in the future and review processes to prevent similar issues.

Finding Text

The audited financial statements for the period ended December 31, 2023 were not filed into the REAC system within 90 days after the period-end.

Corrective Action Plan

Management will make sure the audited financial statements are filed into the REAC system 90 days after the fiscal year-end in future years.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

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