Finding 578526 (2023-001)

-
Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2023-11-17
Audit: 3632
Organization: St Anna Hdfc, Inc. (CT)

AI Summary

  • Issue: The Organization did not deposit funds into the residual receipts account within the required 90-day period after the fiscal year ended.
  • Impact: This failure may lead to compliance issues and potential financial discrepancies.
  • Recommendation: Ensure timely deposits in the future and review procedures to avoid similar issues.

Finding Text

The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $64,282