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Report Fraud, Waste and Abuse
  • Recommendation Number: 2005-AT-1013-003-A
  • Status: Open
  • Date Issued: September 15, 2005

Require the Municipality to obtain and submit all supporting documentation and HUD determine the eligibility and compliance with national objectives of the $631,195 the Corporation disbursed for the four loans. Any amounts determined ineligible must be reimbursed to the Block Grant program from nonfederal funds.

Publication Report

2005-AT-1013 | September 15, 2005

Corporacion para el Fomento EcoNmico de la Ciudad Capital, San Juan, Puerto Rico, Did not Administer Its Independent Capital Fund in Accordance with HUD Requirements.

What We Audited and Why We completed an audit of the Corporación para el Fomento Económico de la Ciudad Capital (Corporation) independent capital fund. The review was initiated in response to a request from the Department of Housing and Urban… more

Related Recommendations

Community Planning and Development

  •  
    Status
      Open
      Closed
    2005-AT-1013-002-A
    $1,011,801.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A] resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B] that are not supported by adequate documentation (also known as an unsupported cost]; or (C] that appear unnecessary or unreasonable.

    Require the Municipality to obtain and submit all supporting documentation and HUD determine the eligibility and propriety of $1,011,801 in administrative costs the Corporation charged to the Block Grant revolving fund. Any amounts determined ineligible must be reimbursed to the Block Grant program from nonfederal funds.