Finding Text
FINDING 2023-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: In 1 of 25 cash disbursements tested, the Project's management company deposited one of the Project's checks into their account that was intended for a vendor. Criteria: The Project should ensure checks are being sent directly to the vendor. Effect: The amount of the check incorrectly deposited by the management company was $191 out of a total sample of disbursements of $15,654. Context: A sample of disbursements was selected for testing of compliance. The test found one disbursement that was not in compliance. The non compliance had a financial effect outlined below. The details and results of the sample are as follows: Population - 242, $279,157 Sample - 25, $15,654 Not in Compliance -1, $191, Questioned Costs - $191 Cause: The Project's management company mistakenly deposited one of the Project's checks that was intended for a vendor. Recommendation: The Project should ensure checks are being sent directly to the vendor. The management company should reimburse the Project for the incorrectly deposited check. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounts payable staff will be reminded to send checks directly to the vendor. Total-Department of Housing and Urban Development - $191. Non-compliance code - R