Answer: The project overpaid the management agent by $852.
Trend: This indicates a potential pattern of mismanagement or oversight in expense tracking.
List: Review expense approval processes and implement stricter controls to prevent future overpayments.
Finding Text
THE PROJECT OVERPAID EXPENSES TO THE MANAGEMENT AGENT IN THE AMOUNT OF $852.
Corrective Action Plan
MANAGEMENT AGREES WITH THE FINDING. THE MANAGEMENT AGENT ISSUED A REFUND AND IS IN THE PROCESS OF GETTING HUD APPROVAL FOR AN UPDATED MANAGEMENT FEE CERTIFICATION TO ENSURE THERE ARE NO FUTURE OVERPAYMENTS.