FAC Explorer

Finding 555524 (2024-002)

-
Requirement
H
Questioned Costs
$1
Year
2024
Accepted
2025-04-21
Audit: 354044
Organization: Cmc Retirement Village, Inc. (MO)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: The project issued unauthorized payments totaling $3,000 for owner advances.
  • Trend: This indicates a potential pattern of non-compliance with payment protocols.
  • List: Review payment approval processes and implement stricter controls to prevent future unauthorized transactions.

Finding Text

THE PROJECT MADE UNAUTHORIZED PAYMENTS OF OWNER ADVANCES IN THE AMOUNT OF $3,000.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT WILL ENSURE THAT HUD'S APPROVAL IS OBTAINED IN THE FUTURE.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $4.80M
14.157 Supportive Housing for the Elderly $1.10M
14.195 Section 8 Housing Assistance Payments Program $545,411