Finding Text
Finding Type: - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - 14.157 - U.S. Department of Housing and Urban Development: Supportive Housing for the Elderly Finding Resolution Status - In Process Information on Universe and Population Size - Population includes all approved residual receipts requested to be recapture by HUD. Sample Size Information - N/A Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The regulatory agreement with HUD requires that approved residual receipt recaptures be remitted to HUD. Statement of Condition - The Corporation did not send HUD the approved residual receipts recapture requested by HUD in a reasonable period of time. The Corporation did not have a control in place to track that these funds were properly remitted to HUD. Cause - The Corporation failed to properly track and remit an approved residual receipt recapture to HUD. Effect or Potential Effect - The Corporation did not remit an approved residual receipts recapture of $102,937 to HUD during the year. Auditor Noncompliance Code - S - Internal control deficiency Reporting Views of Responsible Officials - Management agrees with the finding as reported. Context - We detected the error while performed testing over the residual receipts account. Recommendation - The Corporation should remit the full approved residual receipts recapture to HUD. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should ensure that all approved residual receipt recaptures requested by HUD are remitted to HUD. Response Indicator - Agree Completion Date - June 30, 2025 Response - Management acknowledges a deficiency in internal controls over compliance in the current fiscal year and has taken measures to improve these internal controls over compliance. Management will remit the approved residual receipt recapture amount to HUD during fiscal year ended 2025.