Finding Text
Condition: The Organization did not make the deposit within 60 days after year-end as required by HUD. This is a repeat of a prior year finding, 2020-002. Recommendation: The Organization should perform its own calculation of surplus cash and remit required deposits to the residual receipts account within 60 days after year-end as required by HUD.Current Status: The deposit identified in the previous year?s audit of $16,284 was made March 9, 2021. However, the deposit that was due for the year ended September 30, 2021, the year under audit, of $28,545 was not made until January 7, 2022.