FAC Explorer

Finding 503545 (2024-001)

-
Requirement
H
Questioned Costs
$1
Year
2024
Accepted
2024-10-23
Audit: 325718
Organization: Center Interfaith Housing (CA)
Auditor: Snd Partners LLP

AI Summary

  • Answer: Project assets were misused to buy gift cards for residents.
  • Trend: This practice raises concerns about proper use of funds and accountability.
  • List: Review financial policies, assess compliance, and recommend training on fund usage.

Finding Text

The Owner used project assets from the operating account to purchase gift cards for the residents in the amount of $14,666.

Corrective Action Plan

To mitigate the finding, the owner completed a transfer of $14,666 into the operating account on 9/12/2024.

Categories

Questioned Costs Procurement, Suspension & Debarment

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.195 Project-Based Rental Assistance (pbra) $1.85M