Finding Text
Finding #22-02 PRAC collections Condition: The Project has not received any PRAC receipts in 2022 or subsequent to year end for years 2021 and 2022. Criteria: The Project requires monthly submission in order to sustain a going concern. Effect: The Project has to obtain Project advances to sustain operations. Questioned Costs: $885,216 Cause: Management and HUD oversight in overseeing PRAC monthly submissions. Recommendation: Work with HUD officials to process PRAC receipts. Auditor’s Summary of
the Auditees Comments on Findings and Recommendation Date: Management is working with HUD’s Debbie Gray, Darletta Baugh and TRACS consultants to process the vouchers in the HUD TRACS system. The renewed PRAC contract was received by HUD’s Lucille Ellison, HUD funding specialist on August 10, 2023. Completion Date: 8/23/2023 Response: Management is working with HUD’s Darletta Baugh - the Project manager for the processing of submissions now that the contract is renewed through September 2023.