Finding Text
2024-001 FEDERAL COMPLIANCE – ADVANCES
Federal Program Name: Housing Choice Voucher Program
Catalog of Federal Domestic Assistance Number: 14.871
Federal Agency: U.S. Department of Housing and Urban Development
Compliance Requirement: Special Tests and Provisions
Criteria: Amounts provided by the U.S. Department of Housing and Urban Development for the
Housing Choice Voucher Program (HCVP) may not be loaned, advanced, or transferred to other
programs.
Condition: We noted that at June 30, 2024, an inter-program receivable exists between the Housing
Choice Voucher program and the general program.
Cause: The Authority has had cash flow issues due to having to support the Section 202 projects that it
manages. At June 30, 2024, the Authority is owed $649,204 from these projects.
Effect: Noncompliance with HUD requirements.
Repeat Finding: No
Recommendation: We recommend that the Authority transfer the appropriate amount to the Housing
Choice Voucher program to pay the inter-program receivable when funds are available.
Management’s Response: When the Section 202 projects are able to reimburse the Authority for
expenses paid on their behalf, the inter-program receivable will be settled.