Finding 618129 (2022-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-05-07
Audit: 39606
Organization: Ahepa/dop 54, Inc. (TX)

AI Summary

  • Core Issue: Management failed to ensure timely deposits of residual receipts as required by the Regulatory Agreement.
  • Impacted Requirements: The deposits must be made within 90 days of year-end into a separate bank account.
  • Recommended Follow-Up: Management should actively monitor and improve internal controls over compliance to prevent future issues.

Finding Text

S3800-010 Finding reference number - 2022-001; S3800-011 Title and AL number of federal program - Supportive Housing for the Elderly, AL # 14.157; S3800-015 Type of finding - Federal Award Finding; S3800-016 Finding Resolution status - Completed; S3800-017 Information on universe population size - not applicable; S3800-018 Sample size information - not applicable; S3800-019 Identification of repeat finding and finding reference number - not applicable; S3800-020 Criteria - The Regulatory Agreement requires the deposit due residual receipts as determined by the "Computation of Surplus Cash, Distributions and Residual Receipts" to be made within 90 days of year-end in a separate bank account for Residual Receipts.; S3800-030 Statement of condition - Operation over the internal control over compliance did not prevent or detect and correct on a timely basis by management or employees in the normal course of performing their assigned functions.; S3800-035 Auditor non-compliance code - B - Failure to Make Required Residual Receipts Deposits; S3800-037 FHA/Contract number - 114-EE125; S3800-040 Questioned costs - n/a; S3800-045 Reporting views of responsible officials - Management concurs with the auditors' recommendation and has made the necessary changes to internal control over compliance.; S3800-080 Recommendation - Management should monitor internal controls over compliance.; S3800-090 Auditors' summary of the auditee's comments on the findings and recommendations - Management concurs; S3800-130 Response indicator - Agree; S3800-140 Anticipated Completion Date - September 30, 2022; S3800-150 Response - Concurs.

Categories

Cash Management HUD Housing Programs Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 41687 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly - Section 202 Hud Capital Advance $5.80M
14.157 Supportive Housing for the Elderly - Project Rental Assistance Contract $474,886
14.157 Supportive Housing for the Elderly - Covid-19 - Project Rental Assistance Contract $215