FAC Explorer

Finding 512190 (2024-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2024-11-26
Audit: 329942
Organization: Willow Village Housing Corporation (OK)
Auditor: M Group LLP

AI Summary

  • Answer: The 2021 and 2022 financial statements are missing and will not be submitted.
  • Trend: There is a delay in submitting financial statements, with the latest submission occurring over a year late.
  • List: Follow up on the status of the 2021 and 2022 statements and ensure timely submissions in the future.

Finding Text

Auditor’s Comment: Partially Cleared: The 2021 and 2022 financial statements will not be submitted. The June 30, 2023 financial statements were submitted and accepted on August 29, 2024 into the FAC system.

Corrective Action Plan

The Corporation submit the financial audits for the years ended June 30, 2024 and 2023 to the FAC.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 512191 2024-001
    Significant Deficiency
  • 512192 2024-001
    Significant Deficiency
  • 1088632 2024-001
    Significant Deficiency
  • 1088633 2024-001
    Significant Deficiency
  • 1088634 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.164 Operating Assistance for Troubled Multifamily Housing Projects $1.63M
14.135 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $435,092
14.195 Section 8 Housing Assistance Payments Program $362,046
14.239 Home Investment Partnerships Program $269,000