FAC Explorer

Finding 965913 (2023-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300438
Organization: Friendship Community Care, Inc. (AR)
Auditor: Landmark Plc Certified Public Accountants

AI Summary

  • Core Issue: The project failed to remit excess residual receipts over $250 per unit upon termination of the PRAC.
  • Impacted Requirements: This non-compliance violates HUD guidelines from the memorandum dated March 11, 2016.
  • Recommended Follow-Up: Management should implement controls to ensure timely and accurate remittance of excess residual receipts.

Finding Text

2023-001: Failure to remit - HUD entities Condition: The residual receipts account balance exceeds more than $250 per unit. Criteria and Cause: The Project did not remit residual receipts in excess of $250 per unit upon termination of the PRAC. Effect: The Project is not in compliance with HUD memorandum issued March 11, 2016. Recommendation: The management agent should establish controls to ensure excess residual receipts are timely and accurately remitted.

Categories

HUD Housing Programs Cash Management

Other Findings in this Audit

  • 389469 2023-001
    Material Weakness
  • 389470 2023-001
    Material Weakness
  • 389471 2023-001
    Material Weakness
  • 389472 2023-001
    Material Weakness
  • 965911 2023-001
    Material Weakness
  • 965912 2023-001
    Material Weakness
  • 965914 2023-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.778 Medical Assistance Program $1.07M
10.558 Child and Adult Care Food Program $584,051
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $424,801
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $343,305
93.498 Provider Relief Fund $309,562
14.181 Supportive Housing for Persons with Disabilities $264,934
93.053 Nutrition Services Incentive Program $102,789
14.157 Supportive Housing for the Elderly $86,087
14.195 Section 8 Housing Assistance Payments Program $81,481
84.181 Special Education-Grants for Infants and Families $79,007
93.667 Social Services Block Grant $67,006
93.575 Child Care and Development Block Grant $59,350
93.658 Foster Care_title IV-E $28,555
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $24,599
21.019 Coronavirus Relief Fund $16,723
93.791 Money Follows the Person Rebalancing Demonstration $6,508
93.043 Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services $2,361