Finding 513100 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2024-12-05

Audit: 331064

Organization: Northern Kentucky Presbyterian Housing Corporation (IN)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: Documentation was not provided on time for the audit.
Trend: This delay could lead to future filing issues if not addressed.
List: Follow up with the team to ensure timely documentation submission for future audits.

The auditors did not receive documentation in a manner timely enough to complete the audit prior to the filing deadline.

w management has taken over and will ensure that the auditors receive audit documentation in a timely manner.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$1.52M
14.195	Section 8 Housing Assistance Payments Program	$157,022