FAC Explorer

Finding 869 (2022-002)

-
Requirement
P
Questioned Costs
$1
Year
2022
Accepted
2023-10-27
Audit: 1647
Organization: Zion Tabernacle Senior Living Center, INC (IN)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: Management did not deposit funds into the residual receipts account within the required 90-day period after the 2021 fiscal year ended.
  • Trend: This delay indicates a potential pattern of non-compliance with financial management practices.
  • List: Follow up by ensuring timely deposits in the future and reviewing compliance processes to prevent recurrence.

Finding Text

Management failed to make the required deposit within 90 days subsequent to the end of the 2021 fiscal year into the residual receipts account.

Corrective Action Plan

New management has taken over and will make the 2021 residual receipts deposit of $57,269.

Categories

Questioned Costs Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $379,830