FAC Explorer

Finding 584410 (2022-002)

-
Requirement
P
Questioned Costs
$1
Year
2022
Accepted
2024-01-09
Audit: 10380
Organization: Nueces County Housing Assistance, Inc. (TX)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: The Corporation did not deposit funds into the residual receipts account within the required 90-day period after the 2021 fiscal year ended.
  • Trend: This delay indicates a potential pattern of non-compliance with financial regulations.
  • List: Follow up by reviewing deposit procedures and ensuring timely compliance for future fiscal years.

Finding Text

The Corporation failed to make the required deposit within 90 days subsequent to the end of the 2021 fiscal year into the residual receipts account.

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 $2.93M
14.195 Section 8 Housing Assistance Payments Program $222,103