FAC Explorer

Finding 576066 (2021-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2021
Accepted
2025-09-09
Audit: 365960
Organization: Salem Housing Development Corporation (NE)
Auditor: Dauby O'Connor & Zaleski LLC

AI Summary

  • Issue: The Corporation missed the deadline for submitting the Data Collection Form to FAC for 2020.
  • Trend: Timely submission of required forms is crucial for compliance and could impact future audits.
  • Follow-up: Ensure a system is in place to track and meet submission deadlines moving forward.

Finding Text

For the year ended December 31, 2020, the Corporation did not submit Data Collection Form to FAC within the required time period.

Corrective Action Plan

Management agrees with the recommendation and submitted the Data Collection Form to FAC. No further action is required.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 576064 2021-002
    Material Weakness Repeat
  • 576065 2021-005
    Material Weakness Repeat
  • 576067 2021-003
    Material Weakness Repeat
  • 576068 2021-001
    Material Weakness Repeat
  • 576069 2021-006
    Material Weakness
  • 1152506 2021-002
    Material Weakness Repeat
  • 1152507 2021-005
    Material Weakness Repeat
  • 1152508 2021-004
    Material Weakness Repeat
  • 1152509 2021-003
    Material Weakness Repeat
  • 1152510 2021-001
    Material Weakness Repeat
  • 1152511 2021-006
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.78M
14.195 Project-Based Rental Assistance (pbra) $380,233