Finding Text
Finding number2023-001
CFDA Number:14.157 - Supportive Housing for the Elderly
Grantor: HUD
Questioned Costs: $0
Description of Condition:
Withdrawals from the replacement reserve account must be expended within a timely manner after removal from the reserve account. Funds totaling $3,029
were approved and withdrawn for invoices previously approved and withdrawn on prior requests.
Cause of the Condition:
Care was not taken when preparing the reserve request to determine amounts requested were not already used on prior requests.
Effect of the Condition:
Funds withdrawn from the replacement reserve may have been used for other purposes.
Recommendations:
When preparing reserve requests management should match invoices to the request and make sure invoices have not been used for previous requests. In
addition, invoices not already paid, should be timely paid after the withdrawal is made.