Audit 367045

Finding #2024-001 Prior Year Reporting Package and Data Collection Form Not Filed Timely: Statement of Condition – The Housing Authority of the City of Torrington’s December 31, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time due to delays in completing the audit. Criteria – Sec. 200.512 of the Uniform Guidance requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for audit. Cause of Condition – Late filing of the Authority’s Unaudited REAC submission and delays in obtaining audit documentation from the fee accountant caused significant delays in the audit process. Accordingly, the audit was not completed timely. Effect of Condition – The effect is that the Housing Authority would not be considered a “Low Risk Auditee” for at least the fiscal years ending December 31, 2024 and December 31, 2025. This designation will require the auditor to audit at least 40% of the Housing Authority’s programs as Major programs until such time that the Housing Authority may be considered a “Low Risk Auditee” again. Recommendation – We recommend that management implement procedures to ensure that the reporting package and data collection form is filed timely.

Finding #2024-001 Prior Year Reporting Package and Data Collection Form Not Filed Timely: Statement of Condition – The Housing Authority of the City of Torrington’s December 31, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time due to delays in completing the audit. Criteria – Sec. 200.512 of the Uniform Guidance requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for audit. Cause of Condition – Late filing of the Authority’s Unaudited REAC submission and delays in obtaining audit documentation from the fee accountant caused significant delays in the audit process. Accordingly, the audit was not completed timely. Effect of Condition – The effect is that the Housing Authority would not be considered a “Low Risk Auditee” for at least the fiscal years ending December 31, 2024 and December 31, 2025. This designation will require the auditor to audit at least 40% of the Housing Authority’s programs as Major programs until such time that the Housing Authority may be considered a “Low Risk Auditee” again. Recommendation – We recommend that management implement procedures to ensure that the reporting package and data collection form is filed timely.