FAC Explorer

Finding 972116 (2023-001)

-
Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2024-05-02
Audit: 305290
Organization: Lancaster Village Consumer Housing Cooperative (IN)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Issue: Financial statements for the year ended July 31, 2023, were not filed on time.
  • Trend: This delay indicates a potential pattern of non-compliance with filing deadlines.
  • Follow-up: Ensure timely filing of future financial statements and review processes to prevent recurrence.

Finding Text

The audited financial statements for the year ended July 31, 2023 were not filed into the REAC system within 90 days after the year-end.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.126 Mortgage Insurance_cooperative Projects $8.98M
14.195 Section 8 Housing Assistance Payments Program $1.21M