FAC Explorer

Finding 512558 (2019-003)

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Requirement
L
Questioned Costs
-
Year
2019
Accepted
2024-12-02
Audit: 330378
Organization: Saraland Manor, Inc. (MS)
Auditor: Alford & Rambaran LLC

AI Summary

  • Issue: The Organization missed deadlines for submitting its annual financial report and required data collection forms for 2019.
  • Impacted Requirements: Reports were due to HUD within 90 days and to the FAC within nine months after the audit period.
  • Recommended Follow-up: Ensure timely submission of all required reports to avoid future compliance issues.

Finding Text

The Organization did not submit its annual financial report, certified by a Certified Public Accountant, to HUD for the year ending December 31, 2019 within 90 days following the end of the fiscal year. Also, the Organization did not submit the data collection forms and required reporting packages to the Federal Audit Clearinghouse (FAC) for the year ending December 31, 2019 within nine months after the end of the audit period.

Corrective Action Plan

We agree with Finding 2019-003 and the recommendations described above. Management has engaged a new audit firm to complete the fiscal year 2019 audit and will submit to the FAC and HUD as soon as possible.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $5.88M
14.151 Supplemental Loan Insurance Multifamily Rental Housing $2.29M
14.195 Project-Based Rental Assistance (pbra) $888,758