Finding 7064 (2023-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-02
Audit: 9069
Organization: Swan Manor Addition (WA)

AI Summary

  • Core Issue: The organization failed to make a required deposit of residual receipts, violating HUD guidelines.
  • Impacted Requirements: Compliance with HUD's residual receipts deposit requirements was not met.
  • Recommended Follow-Up: Ensure management implements and follows procedures for timely deposits to the residual receipts account.

Finding Text

SIGNIFICANT DEFICIENCY S3800-010 Finding Reference Number 2023-001 S3800-011 Title and Assistance Listing Number of Federal Program US Department of Housing and Urban Development Supportive Housing for the Elderly (Capital advance and PRAC), 14.157 S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Reference Number No S3800-020 Criteria The Organization must comply with HUD guidelines regarding residual receipts deposits. S3800-030 Statement of Condition Prior year residual receipts deposit was not made. S3800-032 Cause Staff training S3800-033 Effect or Potential Effect The Organization was not in compliance with HUD guidelines for residual receipts deposit requirements. S3800-035 Auditor Non-Compliance Code S3800-040 Questioned Costs $--- S3800-045 Reporting Views of Responsible Officials Management agrees with the findings and no surplus cash is available at year end to deposit. S3800-037 FHA/Contract Number 127EE004 S3800-038 Questioned Costs $--- S3800-080 Recommendation Management should have procedures in place to ensure timely deposit to residual receipts account. S3800-090 Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations No surplus cash is available to deposit, but procedures are in place. S3800-130 Response Indicator Agree S3800-140 Completion Date 9/30/2023 S3800-150 Response Management agrees with the findings and has put procedures in place to ensure deposits are made as required in the future. S3800-160 Contact Person First Name Thomas S3800-170 Contact Person Middle Initial E. S3800-180 Contact Person Last Name Anderson

Corrective Action Plan

Finding Reference Number #2023-001 Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and has put procedures in place to ensure deposits are made as required in the future. Contact Person Responsible: Tom Anderson Completion Date: September 30, 2023

Categories

HUD Housing Programs Cash Management Reporting Significant Deficiency

Other Findings in this Audit

  • 583506 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $3.63M