FAC Explorer

Finding 514360 (2022-002)

Significant Deficiency
Requirement
A
Questioned Costs
$1
Year
2022
Accepted
2024-12-16
Audit: 332651
Organization: The Hearth Foundation INC (TX)
Auditor: Michael Ahart CPA

AI Summary

  • Answer: Management took out $22,700 from the escrow account with HUD's prior approval.
  • Trend: This action aligns with previous withdrawals that were also approved by HUD.
  • List: Ensure all future withdrawals continue to have proper documentation and approval to maintain compliance.

Finding Text

Management withdrew $22,700 from its residual receipts escrow account with prior HUD written approval

Corrective Action Plan

Management has contacted its HUD representative in order to obtain proper written approval for the $22,700 withdrawal made.

Categories

Questioned Costs HUD Housing Programs Cash Management

Other Findings in this Audit

  • 514359 2022-001
    Significant Deficiency
  • 1090801 2022-001
    Significant Deficiency
  • 1090802 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.01M
14.195 Project-Based Rental Assistance (pbra) $78,884