Finding 558067 (2024-002)

Condition: The Project submitted the same invoice twice on two different U.S Department of Housing and Urban Development Funds Authorization forms, and therefore withdrew $5,130 from the replacement reserve account without allowable costs. Criteria: The Project may only distribute funds from the replacement reserve upon approval from HUD and for costs related to repair and replacement needs. Cause: Management oversight. Effect: The Project is in violation of its regulatory agreement. Recommendation: The Project should replenish the replacement reserve account for the $5,130 that was withdrawn in error. View of Responsible Officials: The Project agrees and will replenish the replacement reserve account.