FAC Explorer

Audit 311081

FY End
2023-09-30
Total Expended
$73.95M
Findings
2
Programs
7
Organization: Richmond Redevelopment and Housing Authority (VA)
Year: 2023 Accepted: 2024-06-28
Auditor: Rubino & Company Chartered

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
404703 2023-001 Significant Deficiency - E
981145 2023-001 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
14.871 Section 8 Housing Choice Vouchers $34.87M - 0
14.850 Public and Indian Housing $24.39M Yes 1
14.872 Public Housing Capital Fund $12.01M Yes 0
14.879 Mainstream Vouchers $1.30M - 0
14.892 Choice Neighborhoods Planning Grants $314,499 - 0
14.870 Resident Opportunity and Supportive Services - Service Coordinators $212,684 - 0
14.896 Family Self-Sufficiency Program $83,573 - 0

Contacts

Name Title Type
UVQ2BB2N7QU3 Precious Faust Auditee
8047804200 Allan Kitchen Auditor
No contacts on file

Notes to SEFA

Title: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: NOTE 3 INDIRECT COST RATE The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Finding Details

Finding 2023-001
Finding 2023-001: Missing Tenant Income Information Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Public and Indian Housing Federal Assistance Listing Number: 14.850 Compliance Requirement: Eligibility Criteria: Per 2 CFR, PHAs are required to obtain and document third party verification of reported family annual income. Condition: The Authority was unable to locate income verification documentation as well as reported the incorrect income amount on the Family Report. Context: Out of the 60 tenant files reviewed for income verification, 2 files did not have the documentation verifying income and 3 files did not have the correct income amount on the Family Report. Effect: The Authority did not verify income properly. Cause: The Authority did not have the proper controls in place to ensure tenant income was verified correctly. Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review and enhance its policies, procedures, and internal controls to ensure the recertifications include the correct income amount and is adequately retained in the Authority’s files. Views of Responsible Officials: The Authority agrees with the finding.
Finding 2023-001
Finding 2023-001: Missing Tenant Income Information Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Public and Indian Housing Federal Assistance Listing Number: 14.850 Compliance Requirement: Eligibility Criteria: Per 2 CFR, PHAs are required to obtain and document third party verification of reported family annual income. Condition: The Authority was unable to locate income verification documentation as well as reported the incorrect income amount on the Family Report. Context: Out of the 60 tenant files reviewed for income verification, 2 files did not have the documentation verifying income and 3 files did not have the correct income amount on the Family Report. Effect: The Authority did not verify income properly. Cause: The Authority did not have the proper controls in place to ensure tenant income was verified correctly. Repeat Finding: This is not a repeat finding. Recommendation: The Authority should review and enhance its policies, procedures, and internal controls to ensure the recertifications include the correct income amount and is adequately retained in the Authority’s files. Views of Responsible Officials: The Authority agrees with the finding.