Finding 586059 (2023-002)

Material Weakness
Requirement
N
Questioned Costs
$1
Year
2023
Accepted
2024-01-24

AI Summary

  • Core Issue: The residual receipts balance exceeds the compliance amount due to unapproved deposits from prior year surplus cash.
  • Impacted Requirements: Compliance with residual receipts regulations is not met, leading to questioned costs of $5,753.
  • Recommended Follow-Up: Provide staff training on compliance requirements and seek approval for the current overage in the residual receipts account.

Finding Text

Statement of Condition: Residual receipts balance is over the calculated compliance amount. Cause: The prior year surplus cash amount was deposited into the residual receipts account. However, approval was not requested to pay back excess residual receipt note. Effect: Residual receipts balance is over the compliance amount. Auditor Non-Compliance Code: Z. Questioned Costs: $5,753. Reporting View of Responsible Oficials: The Organization agrees with the finding. The auditor's recommendations are in the process of being implemented. Context: Review of the residual receipt activity showed that the client had deposited surplus cash money into the account; however, approval was not sought to pay back excess residual receipts. Recommendation: Training of staff should be performed to bring the staff up to date with the implementation of all residual receipts compliance requirements. Additionally, the Organization should request approval for current overage.

Categories

Questioned Costs Cash Management HUD Housing Programs Reporting

Other Findings in this Audit

  • 9616 2023-001
    Material Weakness
  • 9617 2023-002
    Material Weakness
  • 9618 2023-003
    -
  • 586058 2023-001
    Material Weakness
  • 586060 2023-003
    -

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $44,457