Finding 555926 (2024-001)

Significant Deficiency Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-25

Audit: 354597

Organization: Collier Housing Alternatives, Inc. (FL)

Auditor: Saltmarsh Cleaveland & Gund

AI Summary

Issue: The Company lacks a separate bank account in a federally insured depository.
Requirement: An interest-bearing account is necessary to meet program compliance.
Recommendation: Open a separate interest-bearing account at a federally insured bank.

Finding Text

The Company did not maintain a separate bank account in a federally insured depository in an interest-bearing account. We recommend that the company create a separate account in a federally insured depository in an interest-bearing account to prevent noncompliance with the program requirements.

Corrective Action Plan

Management has taken steps to address the prior-year recommendation by opening new accounts in 2024 to comply with program requirements. Management indicated that project funds are currently being tracked separately. Management is actively working to resolve these challenges to achieve full compliance with program requirements.

Other Findings in this Audit

1132368 2024-001

Significant Deficiency Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$848,244