Finding 605581 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-01-09
Audit: 29890
Organization: Piazza Apartments (FL)

AI Summary

  • Core Issue: Duplicate and incorrect invoices led to excess withdrawals of $7,979 from the replacement reserve account.
  • Impacted Requirements: The Project failed to provide proper documentation (paid invoices with HUD-9250) and did not return excess funds as required by HUD guidelines.
  • Recommended Follow-Up: Ensure the excess funds are returned to the replacement reserve account by 9/30/2023 and continue training on proper reimbursement procedures.

Finding Text

Finding No. 2022-001: Section 202 Supportive Housing for the Elderly, CFDA 14.157 Finding Resolution Status: Unresolved. Information on Universe Population Size: All activity in the replacement reserve account for the year ended September 30, 2022. Sample Size Information: All replacement reserve withdrawals for the year ended September 30, 2022. Identification of Repeat Finding and Finding Reference Number: No. Criteria: In accordance with HUD, the Project should provide a copy of the paid invoice with the HUD-9250 form when requesting reimbursement for completed work, and duplicate reimbursements should not be made. Statement of Condition: Withdrawals from the replacement reserve account were made using duplicate and/or incorrect invoices resulting in total excess withdrawals from the replacement reserve account of $7,979. Cause: The Project requested and received duplicate reimbursements of three invoices totaling $7,939 that were not promptly returned to the replacement reserve account. In addition, the Project did not return $40 to the replacement reserve account for an overcharged vendor invoice that was reimbursed from the replacement reserve account. Effect or Potential Effect: The Project misused the funds from the replacement reserve account. Auditor Non-Compliance Cod e : A ? Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor?s recommendations will be adopted. Recommendation: The Project should return the excess withdrawals to the replacement reserve account. Response Indicator: Agree. Completion Date: 9/30/2023 Response: Management has incorporated 9250 training into both the new hire training and the annual managers conference training.

Categories

Cash Management HUD Housing Programs Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly- Capital Advance $8.59M
14.157 Supportive Housing for the Elderly - Project Rental Assistance Contract (prac) $129,258