FAC Explorer

Finding 554842 (2024-002)

-
Requirement
A
Questioned Costs
$1
Year
2024
Accepted
2025-04-11
Audit: 353416
Organization: Dubourg Home (place Dubourg Apartments) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Disbursements from restricted accounts were made without HUD approval.
  • Trend: This indicates a potential pattern of non-compliance with HUD regulations.
  • List: Follow up by ensuring all future disbursements receive proper HUD approval.

Finding Text

HUD approval was not granted for disbursements from the restricted accounts.

Corrective Action Plan

Management agrees with the finding. Management has submitted the forms for HUD's approval.

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.16M
14.195 Section 8 Housing Assistance Payments Program $1.04M