Finding Text
At June 30, 2022, loans totaling $54,930 have been made to other companies affiliated with management of Henderson County Health Care Corporation - Two. Criteria. Loaning of funds to other entities is prohibited by HUD regulations. Cause. Management processes payroll and some other expenditures through Henderson County Health Care Corporation - Two and is then to repay the portion of the payroll and other expenses that are attributed to other companies. These repayments are not being made at the time of the expenditure, thus the amounts due from these companies has grown significantly. Effect. The complex is in violation of HUD requirements. Recommendation. We recommend that these loans be repaid immediately, and future payroll costs and other expenditures paid by Henderson County Health Care Corporation - Two, be repaid immediately upon the processing of these expenditures.