Finding Text
C. Findings and Questioned Costs - Major Federal Award Program Audit Finding No. 2022-1 Criteria The terms of the Regulatory Agreement require Beaumont Elderly and Handicapped Housing Corporation to limit its management fee payment to the amount earned per the HUD approved management certification. Condition Beaumont Elderly and Handicapped Housing Corporation overpaid its management fee in the amount of $6,300 as of March 31, 2022. Questioned Costs $6,300. Cause An administrative oversight in the process of paying the management fee caused the fee to be overpaid. Auditor Noncompliance Code J - Unauthorized management fees Effect The overpaid management fees are not approved by HUD, and therefore, Beaumont Elderly and Handicapped Housing Corporation is considered to be in non-compliance. Recommendations Beaumont Elderly and Handicapped Housing Corporation should be reimbursed for the overpaid management fee amount of $6,300. Views of Responsible Officials Management concurs with the finding and will reimburse Beaumont Elderly and Handicapped Housing Corporation for the overpaid management fee amount.