Finding 587321 (2023-001)

Requirement

Questioned Costs

Year

2023

Accepted

2024-01-30

Audit: 14628

Organization: Fort Collins Voa Elderly Housing, Inc. (the Sanctuary) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Surplus cash was not deposited as required.
Trend: This issue may indicate a pattern of non-compliance with cash handling procedures.
List: Follow up by reviewing cash management practices and ensuring proper deposits are made moving forward.

Surplus cash was not deposited into the Residual Receipts accounts.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$6.18M
14.239	Home Investment Partnerships Program	$940,000