Finding 578414 (2023-001)

-
Requirement
B
Questioned Costs
$1
Year
2023
Accepted
2023-11-16
Audit: 3384
Organization: Elder Care Two, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: Management overcharged the fee by $2,523.
  • Requirement: Fees should be based only on actual collections, excluding uncollected rental subsidies.
  • Follow-up: Ensure management offsets the unpaid balances with the overcharge as agreed.

Finding Text

Federal program - Capital advance; Criteria - the management agreement provides for a fee based on actual collections; Condition - management overcharged the fee by $2,523; Cause - management included the rental subsidy when it was not collected; Recommendation - the management agent should offset the unpaid balances by the overcharge. Response: Management will offset the unpaid balance by the overcharge.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $373,688