Finding 513621 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2024-12-09

Audit: 331536

Organization: Homestead Affordable Housing, Inc. and Affiliates (KS)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: The financial statements were filed late, exceeding the 9-month deadline.
Trend: This delay could indicate ongoing issues with timely reporting processes.
List: Recommend implementing a timeline review process to ensure future compliance with filing deadlines.

The audited financial statements were not filed within 9 months after the end of the audit period.

Management will provide auditors with all requested documentation in a manner timely enough to complete fieldwork prior to the deadline.

ALN	Program Name	Expenditures
14.239	Home Investment Partnerships Program	$6.58M
14.250	Rural Housing and Economic Development	$100,000