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Corrective Action Plans

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Finding 1238287 (2025-003)
Material Weakness 2025
Homes First
WA
Internal Control / Segregation of Duties
Finance Director, Richele Center, will develop the Homes First’s set of financial policies regarding Vendor Controls and Cash Disbursement. And as mentioned in our first response creation of a Bank Reconciliation Policy aligned with practices outlined in the GAO Green Book and COSO Framework requiri...
Finance Director, Richele Center, will develop the Homes First’s set of financial policies regarding Vendor Controls and Cash Disbursement. And as mentioned in our first response creation of a Bank Reconciliation Policy aligned with practices outlined in the GAO Green Book and COSO Framework requiring no single individual having controls over all phases of cash disbursement transactions.
View Audit 413138
Finding 1238287 (2025-003)
Material Weakness 2025
Homes First
WA
Internal Control / Segregation of Duties
Finance Director will develop a policy for Vendor Accounts and Cash Disbursements with a segregation of duties regarding vendor setup, invoice entry, payment authorization and disbursement process. This is to avoid disbursements that could be processed using Federal Funds and conceal transactions wi...
Finance Director will develop a policy for Vendor Accounts and Cash Disbursements with a segregation of duties regarding vendor setup, invoice entry, payment authorization and disbursement process. This is to avoid disbursements that could be processed using Federal Funds and conceal transactions without timely detection to fraud.
View Audit 413138
Finding 1238287 (2025-003)
Material Weakness 2025
Homes First
WA
Internal Control / Segregation of Duties
Timing of remediation:
Timing of remediation:
View Audit 413138
Finding 1238287 (2025-003)
Material Weakness 2025
Homes First
WA
Internal Control / Segregation of Duties
Interim remedy, will happen immediately. Vendor Accounts Policy and Cash Disbursements Policy will complete by December 31, 2025, with Board of Directors approval
Interim remedy, will happen immediately. Vendor Accounts Policy and Cash Disbursements Policy will complete by December 31, 2025, with Board of Directors approval
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Finding Two: 2025-002 Material Weakness in Internal Control; Material Noncompliance, Eligibility
Finding Two: 2025-002 Material Weakness in Internal Control; Material Noncompliance, Eligibility
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Auditor’s Recommendations:
Auditor’s Recommendations:
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Based on the extent of incomplete documentation in tenant’s file, the following be completed for each applicable tenant file:
Based on the extent of incomplete documentation in tenant’s file, the following be completed for each applicable tenant file:
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Document third-party identification verification of each tenant.
· Document third-party identification verification of each tenant.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Perform income recertification and retain the supporting documentation, signed by both the preparer and supervisory personnel.
· Perform income recertification and retain the supporting documentation, signed by both the preparer and supervisory personnel.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Use a calculation worksheet that includes median income calculation for the following 12 months, including household members, size, annual median income percentage limits, and percentage of median income.
· Use a calculation worksheet that includes median income calculation for the following 12 months, including household members, size, annual median income percentage limits, and percentage of median income.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Perform rent calculation, including applicable utility allowance.
· Perform rent calculation, including applicable utility allowance.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Issue amended leases that include the current residents.
· Issue amended leases that include the current residents.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
· Issue rent letters based on the completed calculation.
· Issue rent letters based on the completed calculation.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Management Response
Management Response
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Finance Director, Richele Center and Chief Executive Officer, Chris Wells will update the Homes First policy and procedure on Income Verification and Eligibility. Current files will be reviewed and updated to meet HUD and multi-layer compliance. This includes third-party identification verification,...
Finance Director, Richele Center and Chief Executive Officer, Chris Wells will update the Homes First policy and procedure on Income Verification and Eligibility. Current files will be reviewed and updated to meet HUD and multi-layer compliance. This includes third-party identification verification, recertification with supporting documents, use of an income calculation worksheet and a rent calculation worksheet. We will issue amended leases and issue rent letters based on these completed calculations.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Finance Director will develop a policy for Income Verification and Maintenance of Tenant Files and will be approved by the Board of Directors. The Income Verification and Maintenance of Tenant Files Policy will reflect Federal Funding guidelines.
Finance Director will develop a policy for Income Verification and Maintenance of Tenant Files and will be approved by the Board of Directors. The Income Verification and Maintenance of Tenant Files Policy will reflect Federal Funding guidelines.
View Audit 413138
Finding 1238257 (2025-002)
Material Weakness 2025
Homes First
WA
Timing of remediation completion: Finance Director, Richele Center, will complete by December 31, 2025, With Board of Directors approval.
Timing of remediation completion: Finance Director, Richele Center, will complete by December 31, 2025, With Board of Directors approval.
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Finding One: 2025-001 Federal Award Finding and Questioned Costs
Finding One: 2025-001 Federal Award Finding and Questioned Costs
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Cash Management/Allowable Costs
Cash Management/Allowable Costs
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Auditor’s Recommendations:
Auditor’s Recommendations:
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
The organization should adopt a bank reconciliation policy by which bank reconciliations should be prepared within 30 days of receipt of the bank statement.
The organization should adopt a bank reconciliation policy by which bank reconciliations should be prepared within 30 days of receipt of the bank statement.
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
The bank statement and bank reconciliation should be reviewed by a person other than the preparer and that person should initial and date as reviewed (or electronic procedure of comparable nature). The bank reconciliation should agree with the general ledger balance. Both documents should be initial...
The bank statement and bank reconciliation should be reviewed by a person other than the preparer and that person should initial and date as reviewed (or electronic procedure of comparable nature). The bank reconciliation should agree with the general ledger balance. Both documents should be initialed and dated supervisory personnel to indicate approval.
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Management Response:
Management Response:
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Finance Director, Richele Center, will update Homes First’s set of financial policies with the Bank Reconciliation Policy. Bank Reconciliation Policy will include a segregation of duties; and what staff is responsible for in each step of the reconciliation policy and procedure.
Finance Director, Richele Center, will update Homes First’s set of financial policies with the Bank Reconciliation Policy. Bank Reconciliation Policy will include a segregation of duties; and what staff is responsible for in each step of the reconciliation policy and procedure.
View Audit 413138
Finding 1238221 (2025-001)
Material Weakness 2025
Homes First
WA
Finance Director will develop a policy for bank reconciliation, including digital and electronic documentation with Federal Funding guidelines, and will be approved by the Board of Directors. The bank reconciliation policy will include Preparation, approval and timeline requirements. Finance Directo...
Finance Director will develop a policy for bank reconciliation, including digital and electronic documentation with Federal Funding guidelines, and will be approved by the Board of Directors. The bank reconciliation policy will include Preparation, approval and timeline requirements. Finance Director will be responsible for working with and overseeing the Bookkeeper to verify that the process is being followed.
View Audit 413138
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