Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
Public Housing Authorities are required to enter into depository agreements with their financial
institutions using the HUD-519999 or a form required by HDU in the ACC. The agreements
serve as safeguards for Federal funds a provide third-party rights to HUD.
Condition
The Authority could not provide depositor agreements with financial institutions holding Federal
funds for the Authority.
Questioned Costs
None.
Cause
The Authority does not have depositor agreements with financial institutions holding Federal
funds for the Authority.
Effect
The Authority should enter into depository agreements with all financial institutions holding
Federal funds for the Authority.
Recommendation
The Authority should enter into depository agreements with all financial institutions holding
Federal funds for the Authority.
Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
The Authority must maintain an adequate system of internal controls over financial reporting in order
to initiate, authorize, record, process, and report financial data reliably in accordance with accounting
principles generally accepted in the United States of America.
Condition
Financial information was not available timely to meet the reporting deadlines for the Data
Collection Form and FDS submissions.
Questioned Costs
Unknown.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used for management decisions.
Effect
Accurate financial information was not available to make management decisions. Additionally,
this resulted in a delay in completing the audit.
Recommendation
The Authority must implement processes and controls to ensure accurate interim and year-end
financial statements. Adequate and accurate financial information is vital to make management
decisions that impact the Authority. This information must be shared timely and discussed to
make the necessary changes that are needed and to prepare the proper cash flow projections.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data
Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is
the earlier of 30 days after receipt of the audit report or nine months after the Authority’s yearend,
and the due date for the FDS submission is nine months after the Authority’s year-end.
Condition
The Data Collection Form for the year ended March 31, 2022, was due for submission to the
Federal Audit Clearing House by December 31, 2022 (nine months after the Authority year-end)
and was not submitted by that date. Additionally, the FDS submission for the year ended March
31, 2022 was due for submission to HUD by the deadline of December 31, 2022 and was not
submitted by that date.
Questioned Costs
None.
Cause
The Authority has not implemented the processes and controls over its finance function needed
to prepare accurate and timely financial information that can be used to complete the Data
Collection Form and FDS.
Effect
Because of the late submission of the audit reports, the reporting package and FDS was not made
available to users in a timely manner.
Recommendation
We recommended that the Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.
Criteria
Public Housing Authorities are required to enter into depository agreements with their financial
institutions using the HUD-519999 or a form required by HDU in the ACC. The agreements
serve as safeguards for Federal funds a provide third-party rights to HUD.
Condition
The Authority could not provide depositor agreements with financial institutions holding Federal
funds for the Authority.
Questioned Costs
None.
Cause
The Authority does not have depositor agreements with financial institutions holding Federal
funds for the Authority.
Effect
The Authority should enter into depository agreements with all financial institutions holding
Federal funds for the Authority.
Recommendation
The Authority should enter into depository agreements with all financial institutions holding
Federal funds for the Authority.