FAC Explorer

Finding 962963 (2023-003)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-27
Audit: 298828
Organization: St. Giles Manor, Inc. (AL)
Auditor: Browder & Associates PC

AI Summary

  • Answer: Management failed to submit the necessary repayment plan for the RRF loan to HUD.
  • Trend: This oversight indicates a potential pattern of non-compliance with HUD requirements.
  • List: Follow up by ensuring the repayment plan is submitted promptly and review processes to prevent future lapses.

Finding Text

Management did not submit the required repayment plan to HUD for the RRF loan it received during the year.

Categories

HUD Housing Programs Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 386519 2023-001
    Significant Deficiency
  • 386520 2023-002
    Significant Deficiency
  • 386521 2023-003
    Significant Deficiency
  • 962961 2023-001
    Significant Deficiency
  • 962962 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.135 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $4.15M
14.195 Section 8 Housing Assistance Payments Program $1.37M