Finding Text
Finding #2023-002: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157 and Section 8 Housing Assistance Payments Program, Assistance Listing 14.195
Type of Finding: Material Weakness
Condition: The audited financial statements for the periods ended September 30, 2018, 2019, 2020, 2021, 2022 and 2023 were not entered into the FASSUB system timely.
Criteria: The HUD regulatory agreement requires the audited financial statements to be prepared in accordance with GAAP and filed into the FASSUB system within 90 days of year end.
Effect: The Corporation is in violation of the compliance requirement of its major federal program.
Questioned Cost: $0
Cause: Unknown.
Recommendation: We recommend the audited financial statements be submitted into the FASSUB system within 90 days of year end.
Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.
Auditor’s Comment:
The 2018-2022 will not be submitted. The September 30, 2023 financial date was submitted into the FASSUB system.