FAC Explorer

Finding 614242 (2022-001)

-
Requirement
B
Questioned Costs
$1
Year
2022
Accepted
2022-10-23
Audit: 24102
Organization: Roland M Boucher Apartments, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Issue: The property incorrectly paid $3,944 in invoices for another property.
  • Requirement: HUD regulations allow only eligible costs related to the property to be paid.
  • Follow-up: Management has reimbursed the property for the erroneous payments.

Finding Text

Finding 2022-001: Federal program - Section 223(f) Insured Mortgage: Criteria - HUD regulations specify that only eligible costs relating to the property are allowed to be paid by the property; Condition - the property paid another property?s invoices totaling $3,944; Cause - management oversight; Recommendation - management should reimburse the property for the invoices paid in error. Response: Management has reimbursed the property for the invoices paid in error.

Categories

Questioned Costs HUD Housing Programs Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.53M
14.195 Section 8 Housing Assistance Payments Program $500,881
14.157 Supportive Housing for the Elderly $349,914
14.191 Multifamily Housing Service Coordinators $32,425