FAC Explorer

Finding 537442 (2020-005)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
$1
Year
2020
Accepted
2025-03-26
Audit: 348643
Organization: Salem Housing Development Corporation (NE)
Auditor: Dauby O'Connor & Zaleski LLC

AI Summary

  • Issue: Missing invoices for 3 disbursements as of December 31, 2020.
  • Trend: This raises concerns about documentation practices and financial oversight.
  • Follow-up: Request the management agent to locate and submit the missing invoices for review.

Finding Text

At December 31, 2020, the management agent was unable to provide supporting invoices for 3 disbursements.

Corrective Action Plan

Management agrees with the recommendation. Policies and procedures have been updated to make sure records are complete and accurate.

Categories

Questioned Costs

Other Findings in this Audit

  • 537438 2020-001
    Material Weakness Repeat
  • 537439 2020-002
    Material Weakness Repeat
  • 537440 2020-003
    Material Weakness Repeat
  • 537441 2020-004
    Material Weakness Repeat
  • 1113880 2020-001
    Material Weakness Repeat
  • 1113881 2020-002
    Material Weakness Repeat
  • 1113882 2020-003
    Material Weakness Repeat
  • 1113883 2020-004
    Material Weakness Repeat
  • 1113884 2020-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.83M
14.195 Project-Based Rental Assistance (pbra) $369,472