Finding Text
Finding No. 2022-001 ? Timely Deposit of Surplus Cash Federal Assistance Listing Number 14.181 Name of Federal Program or Cluster Supportive Housing for Persons with Disabilities Information on the Universe Population Size One (1) surplus cash deposit. Sample Size Information One (1) surplus cash deposit. Identification of Repeat Finding Reference Number N/A Criteria The regulatory agreement requires surplus cash payments to be deposited in the residual receipts reserve within 90 days of the fiscal year end. Statement of Condition The 2021 required surplus cash deposit of $33,372 was not made. Cause The deposit was not made due to management oversight. Effect or Potential Effect The requirement to deposit surplus cash within 90 days of the fiscal year end was not met. Auditor Non-Compliance Code B ? Failure to make required residual receipts deposits Questioned Costs There were no known questioned costs. Perspective The finding represents an instance of management oversight due to change in management personnel positions. Repeat Finding No Recommendations We recommend that management ensures the surplus cash deposit is done timely in the future. Views of Responsible Officials See corrective action plan.