Finding 583911 (2023-002)

-
Requirement
G
Questioned Costs
$1
Year
2023
Accepted
2024-01-04

AI Summary

  • Answer: Project funds must be spent on expenses that are essential for the project's operation.
  • Trend: Compliance with the Regulatory Agreement is crucial to avoid misuse of funds.
  • List: Review project expenses regularly to ensure they align with necessary operational costs.

Finding Text

Project funds may be used only for expenses that are reasonable and necessary to the operatioin of the project as provided for in the Regulatory Agreement between HUD and the project owner.

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for the Elderly $1.75M