Finding 529678 (2023-006)

Requirement

Questioned Costs

Year

2023

Accepted

2025-03-24

Audit: 347577

Organization: Trinity Community Housing CORP (IL)

Auditor: Alexander Mannie & Company PC

AI Summary

Answer: Two vendor invoices lacked proper approval during cash disbursement testing.
Trend: This indicates a potential pattern of insufficient invoice oversight.
List: Recommend implementing stricter approval processes for all vendor invoices.

: During our Testing of Cash Disbursements, no approval was noted on two (2) of the vendors’ invoices.

The Management Agent will follow HUD Disbursements Control policies and procedures.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$3.62M
14.195	Project-Based Rental Assistance (pbra)	$1.05M