FAC Explorer

Finding 503966 (2024-002)

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Requirement
C
Questioned Costs
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Year
2024
Accepted
2024-10-28
Audit: 326247
Organization: Dallas Voa Elderly Housing, INC (prairie Creek Village) (VA)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: The project failed to send excess residual receipts to HUD.
  • Trend: This could indicate a pattern of non-compliance with financial reporting requirements.
  • Follow-up: Review procedures for handling residual receipts and ensure timely remittance to HUD moving forward.

Finding Text

The project did not remit excess residual receipts to HUD.

Corrective Action Plan

Management agrees with the finding. The excess funds were accrued to submit to HUD.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.33M
14.195 Section 8 Housing Assistance Payments Program $757,024