FAC Explorer

Finding 9203 (2022-008)

Material Weakness
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2024-01-19
Audit: 12566
Organization: Urban Development Corporation (IL)
Auditor: Alexander Mannie & Company PC

AI Summary

  • Issue: The tenant's Direct Express Card for Social Security was not verified.
  • Trend: This indicates a potential gap in our verification process for tenant financial documentation.
  • Follow-up: Review and strengthen verification procedures to ensure all financial documents are properly checked.

Finding Text

The following tenant’s Direct Express Card for Social Security was not verified by the Project:

Corrective Action Plan

The Project will follow Direct Express Debit Card verification procedures.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 9196 2022-001
    Material Weakness
  • 9197 2022-002
    Material Weakness
  • 9198 2022-003
    Material Weakness
  • 9199 2022-004
    Material Weakness Repeat
  • 9200 2022-005
    Material Weakness Repeat
  • 9201 2022-006
    Material Weakness
  • 9202 2022-007
    Material Weakness
  • 9204 2022-009
    Material Weakness
  • 9205 2022-001
    Material Weakness
  • 9206 2022-002
    Material Weakness
  • 9207 2022-003
    Material Weakness
  • 9208 2022-006
    Material Weakness
  • 9209 2022-007
    Material Weakness
  • 9210 2022-008
    Material Weakness
  • 585638 2022-001
    Material Weakness
  • 585639 2022-002
    Material Weakness
  • 585640 2022-003
    Material Weakness
  • 585641 2022-004
    Material Weakness Repeat
  • 585642 2022-005
    Material Weakness Repeat
  • 585643 2022-006
    Material Weakness
  • 585644 2022-007
    Material Weakness
  • 585645 2022-008
    Material Weakness
  • 585646 2022-009
    Material Weakness
  • 585647 2022-001
    Material Weakness
  • 585648 2022-002
    Material Weakness
  • 585649 2022-003
    Material Weakness
  • 585650 2022-006
    Material Weakness
  • 585651 2022-007
    Material Weakness
  • 585652 2022-008
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $2.44M
14.195 Section 8 Housing Assistance Payments Program $1.00M