FAC Explorer

Finding 946960 (2023-002)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-02-26
Audit: 292182
Organization: Maple-Claremont, Inc. (NY)
Auditor: Galleros Robinson Certified Public Accountants LLP

AI Summary

  • Core Issue: Resident rents were not deposited monthly as required by federal program 14.181.
  • Impacted Requirements: All project receipts must be deposited in the project's name and used solely for its benefit.
  • Recommended Follow-Up: Ensure the Organization's sponsor transfers tenant rent to the Organization on a monthly basis.

Finding Text

Finding 2023-002, Rent Deposits Criteria: The federal program 14.181 requires that all receipts of the project shall be deposited in the name of the project in a bank, and the funds must be used exclusively for the benefit of the project. Condition and Context: Resident rents collected by the Sponsor were not transferred to the Organization monthly. Cause: There was turnover in staff, and the new staff was not aware of the requirement. Effect: The Organization was not in compliance with program requirements. Identification as a repeat finding: No. Questioned costs: None. Recommendation: We recommend that the Organization’s sponsor transfer tenant rent to the Organization monthly.

Categories

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Other Findings in this Audit

  • 370517 2023-001
    Significant Deficiency Repeat
  • 370518 2023-002
    Significant Deficiency
  • 946959 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $805,214