FAC Explorer

Finding 614001 (2022-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-11-13
Audit: 29531
Organization: Archuleta Housing Corporation (CO)
Auditor: Atlas CPAS & Advisors PLLC

AI Summary

  • Answer: The Organization's Operating Assistance Flexible Subsidy Loans are now due for repayment.
  • Trend: Loans must be fully repaid within 30 days of maturity, indicating a strict repayment timeline.
  • List: Follow up on repayment status to ensure compliance with loan terms.

Finding Text

The Organization's Operating Assistance Flexible Subsidy Loans have matured. The term of the loans require full repayment of the Operating Assistance Flexible Subsidy Loans within 30 days after they mature. See finding 2022-002 for additional information.

Categories

Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.164 Operating Assistance for Troubled Multi-Family Housing Projects $781,427
14.195 Section 8 Housing Assistance Payments Program $358,020