WASHINGTON (AP) — An audit into a housing complex in Washington raises questions about how the management company accounted for $300,000 collected in rent.
The Washington Post reports (http://wapo.st/1w1RLDW ) that an audit of Capitol Services Management Inc. raised questions about how it accounted rent payments collected from residents of the Park Southern Apartments from March to May. The government has since taken over the property.
The audit also says Capitol Services Management Inc. took $30,000 in management fees it wasn’t entitled to, paid $8,000 in salary despite no timesheet and paid $10,000 in attorney’s fees without documentation or a bill.
Mayor Vincent Gray’s office forwarded the findings to the Internal Revenue Service and the District attorney general’s office.
Phinis Jones, the owner of Capitol Services Management, disputes the report’s findings.
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Information from: The Washington Post, http://www.washingtonpost.com
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