Finding 608956 (2022-002)

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Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-23
Audit: 31725
Auditor: D'ambra CPA

AI Summary

  • Answer: Surplus cash was deposited 28 days late, violating HUD regulations.
  • Trend: This oversight indicates a need for improved management practices regarding cash deposits.
  • List: Management should ensure future deposits are made within the required 90-day timeframe.

Finding Text

Finding 2022-002: Federal program - Section 811: Criteria - HUD regulations requires surplus cash be deposited within 90 days of year end; Condition - management deposited the prior year?s surplus cash 28 days late; Cause - management oversight; Recommendation - management should deposit the surplus cash within the 90 day time period Response: Management will deposit future surplus cash in a timely manner.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $133,069