Finding 525914 (2024-001)

Significant Deficiency
Requirement
A
Questioned Costs
$1
Year
2024
Accepted
2025-03-06
Audit: 345073
Auditor: Hbe LLP

AI Summary

  • Core Issue: Improper payments were made for expenses related to properties not associated with the Indian Center Housing Corporation.
  • Impacted Requirements: Only allowable costs supported by proper documentation should be charged to the program, as per HUD guidelines.
  • Recommended Follow-Up: The Indian Center should enhance internal controls to prevent improper payments and ensure compliance with expense guidelines.

Finding Text

Information on the Federal Program: Assistance Living Number 14.157 - U.S. Department of Housing and Urban Development-Elderly Supportive Housing/Section 202 Direct Loan. Grant Identifying Number – 103-EH059-NP-WAH/L8. Compliance Requirement: Allowable Activities/Costs. Material Noncompliance. Criteria: Program requirements state that only properly supported allowable costs be charged to the program. Condition: The system of internal controls did not prevent the improper payments of questioned costs of expenses for a property that was not the Indian Center Housing Corporation d/b/a The Indian Center property. Cause: Improper payments were made for properties that were not Indian Center Housing Corporation d/b/a The Indian Center. Effect or protentional effect: The control deficiency may allow for the payment of improper expenses and questioned costs per HUD guidelines. Questioned Costs: $25,344. Context: Of the $18,699 of costs sampled $1,005 represented questioned costs. Additionally, based on the questioned costs identified, a projection was performed for the total population in the program during the year. Of the total population of $471,564, likely questioned costs based on the projection was $25,344. Recommendation: The Indian Center Housing Corporation d/b/a The Indian Center should improve its internal control procedures to ensure proper payment of expenses and questioned costs. Views of responsible officials: The improper payments were returned in the subsequent year. Indian Center Housing Corporation d/b/a The Indian Center will review its procedures to ensure that only proper expenses are paid.

Corrective Action Plan

The corrective action plan for the internal controls over expenses paid (2024-001), is summarized as follows: Corrective Action Planned: The Center will review and update its procedures to ensure the proper payment of allowable expenses. Anticipated Completion Date: December 31, 2024. Responsible: Management and Board of Directors.

Categories

Questioned Costs Internal Control / Segregation of Duties Student Financial Aid Allowable Costs / Cost Principles HUD Housing Programs Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1102356 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.56M
14.195 Section 8 Housing Assistance Programs $288,664