FAC Explorer

Finding 587600 (2023-002)

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Requirement
B
Questioned Costs
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Year
2023
Accepted
2024-01-31
Audit: 14941
Organization: Coon Rapids Voa Elderly Hsg, Inc. (oxbowl Bend Apts.) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Surplus cash was not deposited on time.
  • Trend: This issue may indicate a pattern of delayed cash management.
  • List: Ensure timely deposits, review cash handling procedures, and monitor compliance regularly.

Finding Text

Surplus cash was not deposited into the Residual Receipts account within 90 days.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.314 Assisted Living Conversion for Eligible Multifamily Housing Projects $2.79M
14.155 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $2.20M
14.195 Section 8 Housing Assistance Payments Program $459,394