Finding 951089 (2023-002)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-03-09
Audit: 294324
Organization: Statewide Bay Landing, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Core Issue: The security deposit cash account is short by $628 due to misdirected deposits.
  • Impacted Requirements: Federal regulations mandate that the security deposit account must be fully funded.
  • Recommended Follow-Up: Ensure the cash account is replenished and future deposits are made to the correct account.

Finding Text

Federal program - Section 202: Criteria - Federal regulations require the security deposit cash account to be fully funded; Condition - the cash account is deficient by $628; Cause - the deposits are being made to the operating account and not the security deposit account in error; Recommendation - the cash account should be fully funded and all future deposits made to the correct account. Response: The management agent will transfer funds to fully fund the security deposits and will make every effort to deposit security deposits to the correct account.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 374644 2023-003
    Significant Deficiency
  • 374645 2023-004
    Significant Deficiency
  • 374646 2023-001
    Significant Deficiency
  • 374647 2023-002
    Significant Deficiency
  • 951086 2023-003
    Significant Deficiency
  • 951087 2023-004
    Significant Deficiency
  • 951088 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $88,390