Finding 618624 (2022-007)

-
Requirement
B
Questioned Costs
$1
Year
2022
Accepted
2023-03-14
Audit: 39066
Organization: Statewide Bay Landing Ii, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Core Issue: The prior management agent overpaid management fees by $792.
  • Impacted Requirements: The management agreement must clearly outline fee calculations to prevent overpayments.
  • Recommended Follow-up: The current management agent should seek reimbursement from the prior agent for the overpaid amount.

Finding Text

Federal program - Section 202: Criteria: The management agreement specifies the calculation of management fees due the agent; Condition: the prior management agent overpaid the management fee totaling $792; Cause: unknown; Effect: the management fee was overpaid $792; Recommendation: the current management agent should request that the prior management agent reimburse the property for the overpayment. Response: The current management agent will request that the prior management agent reimburse the property for the overpaid management fee.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $115,105