FAC Explorer

Finding 513205 (2024-001)

-
Requirement
G
Questioned Costs
$1
Year
2024
Accepted
2024-12-05
Audit: 331151
Organization: Nmf Housing Iii, Inc. (1703 Kinney Ave.) (TX)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Funds intended for one project were misused for another project.
  • Trend: This indicates a potential pattern of misallocation of project funds.
  • List: Review all project fund allocations, ensure proper tracking, and implement stricter oversight measures.

Finding Text

PROJECT FUNDS WERE USED TO PAY EXPENSES OF ANOTHER PROJECT.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE FUNDS WILL BE REIMBURSED IN THE AMOUNT OF $9,524.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $777,636