Finding Text
C. Findings and Questioned Costs - Major Federal Award Programs Audit DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2024-001: SECTION 202, ASSISTANCE LISTING NUMBER 14.157 Condition: In one of the two months tested, the report for establishing net income was not submitted to HUD. Criteria: The report for establishing net income should be submitted monthly. Effect: There is no financial effect. Context: A sample of reports for establishing net income were selected for testing completeness and accuracy. The test found one month that was not in compliance. The non-compliance did not have a financial effect. The details and results of the sample are as follows: Population - 12, Dollars - N/A, Sample - 2, Dollars - N/A, Not in Compliance - 1, Dollars - N/A, Questioned Costs - N/A, Cause: The Project missed filing a monthly net income report with HUD. Recommendation: The Project should ensure all monthly net income reports are being filed. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The affiliate accountants will be reminded that the report for establishing net income needs to be filed monthly. Total-Department of Housing and Urban Development - N/A Non-compliance code: R