FAC Explorer

Finding 592838 (2022-001)

-
Requirement
N
Questioned Costs
$1
Year
2022
Accepted
2023-05-10
Audit: 23155
Organization: St. George's Senior Housing, Inc. (TX)
Auditor: M Group LLP

AI Summary

  • Answer: The Company failed to make required monthly deposits into the replacement reserve account.
  • Trend: This oversight has led to an underfunded account, violating HUD regulatory agreements.
  • List: Follow up by ensuring monthly deposits are made to avoid further violations and address the questioned cost of $2,721.

Finding Text

Finding #2022-001: Supportive Housing for the Elderly, CFDA 14.157 and Section 8 Housing Assistance Payments Program, CFDA 14.195 Condition: The Company made nine deposits into the replacement reserve account. Criteria: The HUD regulatory agreement requires monthly deposits into the replacement reserve account. Effect: Replacement reserve account is underfunded and the Company is in violation of its Regulatory Agreement. Questioned Cost: $2,721 Cause: Oversight

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $485,341
14.195 Section 8 Housing Assistance Payments Program $418,268
14.191 Multifamily Housing Service Coordinators $55,158