Finding 2024-002: Lower Income Housing Assistance Program - Section 8 New Construction and
Substantial Rehabilitation
Assistance Listing Number: 14.182
U.S. Department of Housing and Urban Development
...
Finding 2024-002: Lower Income Housing Assistance Program - Section 8 New Construction and
Substantial Rehabilitation
Assistance Listing Number: 14.182
U.S. Department of Housing and Urban Development
(Repeat of Finding 2023-002 and 2022-002)
Compliance Requirements: Cash Management, Eligibility, Reporting, Special Tests and Provisions
Type of finding: Internal Control Over Compliance (significant deficiency)
Recommendation: The Organization should strengthen its internal controls with adopted policies and procedures to ensure a review process is established through adequate segregation of duties. The Organization should consider assessing and realigning the duties and responsibilities of administrative staff allowing the administrator to act in a more supervisory position.
Action Taken: At this time, we do not have an administrative assistant/Activities Coordinator. Administrator works closely with the bookkeeper. Administrator and Executive Director will schedule every third recertification for review. Executive Director does review of the financial statements on a monthly basis when they are emailed over just before Policy Board meetings. During audit last year, we understood that reporting and eligibility did not have to happen at each interval but a review by another party in office every few re-certifications, as well as reviewing cash management.
If there are any questions regarding this plan, please call the responsible party at (719) 852-5778.
Sincerely yours,
Monica Wolfe
Executive Director
Tri-County Senior Citizens and Housing, Inc.