Finding 503287 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-21

Audit: 325377

Organization: Prince Hall Plaza (IN)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: The financial statements for the year ending June 30, 2024, were not submitted on time.
Trend: This delay indicates a potential pattern of late filings, which could lead to compliance issues.
List: Follow up by ensuring timely submissions in the future and reviewing processes to prevent delays.

The audited financial statements for the fiscal year-end June 30, 2024 were not filed into the REAC system within 90 days after the year-end.

The Project will ensure that all information is received in a timely manner to complete the audit.

ALN	Program Name	Expenditures
14.134	Mortgage Insurance_rental Housing	$2.47M
14.195	Section 8 Housing Assistance Payments Program	$723,789