FAC Explorer

Finding 986304 (2022-001)

- Repeat Finding
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-09-05
Audit: 311952
Organization: Holiday Drive Housing Corporation (MO)
Auditor: Ralph C Johnson & CO

AI Summary

  • Answer: $43,426 in surplus cash was not deposited as required.
  • Trend: This indicates a potential pattern of delayed deposits.
  • List: Follow up to ensure timely deposits in the future and review procedures for handling surplus cash.

Finding Text

The $43,426 of surplus cash at June 30, 2022 was not deposited into the residual receipts account within ninety days.

Categories

Cash Management HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.36M
14.195 Section 8 Housing Assistance Payments Program $65,254