FAC Explorer

Finding 972482 (2023-001)

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Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-05-07
Audit: 305664
Organization: Stonegate Housing, Ltd. (TX)
Auditor: Novogradac & Company LLP

AI Summary

  • Answer: The entity lacks necessary written policies and procedures.
  • Trend: This is a common issue that can lead to non-compliance with federal regulations.
  • List: Recommend creating and implementing these documents to meet 2 CFR Part 200 requirements.

Finding Text

Entity does not have written policies, procedures, and standards of conduct required by 2 Code of Federal Regulations, Part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D - Post Federal Award Requirements and Subpart E - Cost Principles.

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $12.18M