Issue: A disbursement was made from a restricted account without HUD approval.
Trend: This error highlights a need for stricter controls on disbursements to prevent unauthorized transactions.
Follow-up: Review and reinforce approval processes for restricted account disbursements to avoid future errors.
Finding Text
HUD APPROVAL WAS NOT GRANTED FOR A DISBURSEMENT FROM A RESTRICTED ACCOUNT. THE DISBURSEMENT WAS MADE TO GRACE MEADOWS IN ERROR AND WAS REPAID ON JANUARY 25, 2024.